Last week I was in NYC for the World Innovation Forum, which is a conference for folks from industry, academia, the media, and consulting, all focused on innovation. There were terrific speakers, insightful case studies, and opportunities to network with other innovation-minded individuals. I'll let the professional bloggers and tweeters give you a more comprehensive recap (more on that below), but here are some of my favorite insights/principles/quotes that were shared at the conference:
- Next general management model moves from rigid silos to self-forming teams (Cisco CTO)
- Don't start where you are. Position yourself for 2015 and fold the future in vs. extrapolate from today
- Manage the present, selectively forget the past, create the future (Vijay Govindarajan)
- Forget 'best practices' and focus on 'NEXT practices' (Vijay Govindarajan)
- Criteria for strategic intent = direction, motivation, challenge (Vijay Govindarajan)
- If you live by the sword, you'll probably get shot by somebody who doesn't (Vijay Govindarajan)
- Think big, start small, scale up fast (Vijay Govindarajan)
- Expensive failure always results when disruption is framed as technological rather than business model terms (Clayton Christensen)
- Business units can't evolve....but a corporation can! (Clayton Christensen)
- Valuable brands are built around a 'job to be done', not a product category (Clayton Christensen)
- Root cause of ineffective innovation is not framing problem correctly and not having consistent language across company (Clayton Christensen)
- New business units need to be created to handle incubation-phase ideas; existing biz units focused on hitting short-term numbers (Clayton Christensen)
- Most companies are awash in creativity, but it's the process of funding that results in me-too products and conformity (Clayton Christensen)
In addition to these insights, here are a few observations from the conference:
- The Twitter culture is fascinating! I was lucky enough to land a spot in the 'Blogger's Hub' section of the theater, so I was surrounded by bloggers and tweeters covering the event. I was in awe (and at first, quite intimidated!) of the rapid-fire exchange of thoughts and ideas amongst folks who were sitting just a few feet apart. It was also great to see how the Twitter coverage was reaching folks who weren't able to attend the conference. While I'm still new the whole Twitter thing, this conference did help me see the power of Twitter as an idea/info-sharing platform.
- This community of innovators is an extremely open community. It's energizing to see a group of experts who not only are willing to share their expertise, but WANT to share. These experts realize that the only way affect change is to spread the gospel to the masses, and not to restrict the insights to the elite few.
- Indian people really represented well at this conference! :)
For more detailed summaries of the event, here are some great resources:
Thanks to all the bloggers/tweeters for being so welcoming and for showing me the ropes! A special shout out to Andrea Meyer, Praveen Gupta, Christine Flanagan, Stuart Miniman, Renee Callahan, and George Levy. It was great meeting all of you!
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