Monthly Archives: June 2009
The second panel on the second day at the incentive2innovate conference at the United Nations was on creating an innovation culture in your organization. The panel was moderated by Dwayne Spradlin, CEO, InnoCentive:Neil Blakesley, VP, Strategy Marketing & Propositions, BT AmericasMarthin de Beer, SVP, Emerging Technologies Group, CiscoJohn Gibson, CEO, ParadigmJudy Estrin, Author, “Closing the Innovation Gap: Reigniting the Spark of Creativity in a Global Economy”Rather than trying to recount the discussion, I thought I would present the Top Insights from the panel and the breakout session outcomes:Thee most accurate lifeline on Who Wants to be a Millionaire is ask the audience, but most people use it first instead of saving it for later. The point is that even when people are presented with data or intrinsicly know something, they don’t always modify behavior to their best strategic advantage.”The shift in thinking behind Open Innovation is that companies don’t have … Continue reading
Day two at the incentive2innovate conference at the United Nations featured a keynote by Reid Hoffman, CEO of LinkedIn.Reid Hoffman took the stage and began by speaking about how individiduals are now small businesses, before moving on to discuss how the venture capital industry started in Boston but has been eclipsed by Silicon Valley. Proliferation of open networks in the valley are the reason. Collaboration has driven the success of Silicon Valley, not just physical proximity – other locales have been more controlling of information.Reid talked about how often entrepreneurs don’t want to tell anyone about their idea. If you are an aspiring entrepreneur with a great idea, then identify the right people to talk with about your “secret” idea and spill the beans. You will get lots of useful feedback more often than competition. Fail fast!On the topic of social networks, Reid Hoffman talked about how 2/3 of his … Continue reading
The first panel on the second day at the incentive2innovate conference at the United Nations was on applying incentive prizes and open collaboration in the healthcare industry. The panel was moderated by Peter H. Diamandis, M.D., Chairman & CEO, X PRIZE Foundation:Eric Eisenstadt, Ph.D., Deputy Vice President for Research, J. Craig Venter InstituteLisa Latts, M.D., Vice President, Clinical Excellence, WellPoint, Inc.Yury Rozenman, Head of Strategy and Marketing, Healthcare & Life Sciences, BT Global ServicesDean Kamen, President, DEKA Research & Development CorporationRather than trying to recount the discussion, I thought I would present the Top Insights from the part of the panel and the breakout session outcomes that I was able to catch:Interesting idea for healthcare – Connecting people to earn health points that would allow people and communities to compete on health.Creating collaborative competition – Group 6 would like to encourage health insurers to compete for a prize for wellness … Continue reading
The second panel at the incentive2innovate conference at the United Nations was on incentivized competition. The panel was moderated by Matthew Bishop (Chief Business Writer/US Business Editor, The Economist; Co-Author “Philanthrocapitalism: How the Rich Can Save the World”):Paul Jansen, Partner, McKinsey & CompanyJonathan Bays, Social Sector Consultant, McKinsey & CompanyPeter H. Diamandis, M.D., Chairman & CEO, X PRIZE FoundationAlpheus Bingham, Ph.D., Founder and Board Member, InnoCentiveAnthony J. Tether, Ph.D., Former Director, Defense Advanced Research Projects Agency (DARPA)Rather than trying to recount the discussion, I thought I would present the Top Insights from the panel:McKinsey did a study of whether or not prizes work in philanthropy. They found that prizes are a unique & powerful tool to drive innovation. Prizes have been used for a long time – including the Orteig Prize that rewarded Lindbergh for his transatlantic flight with $25,000. Download the study as PDFThe growth rate in available prizes … Continue reading
The first panel at the incentive2innovate conference at the United Nations was on open collaboration. The panel was moderated by Don Tapscott (Author, “Wikinomics: How Mass Collaboration Changes Everything” and “Grown Up Digital: How the Net Generation is Changing the World”):Arianna Huffington, Author, Co-Founder and Editor-In-Chief, Huffington PostRob McEwen, Founder, Goldcorp, and CEO/Chairman, US GoldMarthin de Beer, SVP, Emerging Technologies Group, CiscoFilippo Passerini, Chief Information & Global Services Officer, Procter & GambleKarim R. Lakhani, Assistant Professor, Richard Hodgson Fellow, Harvard Business SchoolRather than trying to recount the discussion, I thought I would present the Top Insights from the part of the panel I was able to catch:”People who know how to network effectively with other organizations will win as innovation becomes more open” – Filippo Passerini of P&G”A lot of the Solvers want to signal to the community that they are very qualified people (even if they don’t win). Open … Continue reading
After the welcome speeches concluded, Keith Ferrazzi came out and tried to get people to loosen up and get ready to take risks and collaborate for the greater good during the conference. Keith made several key points including the fact that you can’t have innovation unless you have the ability to take social risk.Keith Ferrazzi talked to the audience about how telling a story is emotional transportation to a place where someone actually cares. He then began to tell a story about his upbringing and being the poorest kid in the best school and how that influenced his life. He linked that to how real innovation requires people to let their guards down, take risks, and care about their teams.Keith had the audience do two interaction exercises by turning to their neighbors and asking each other “What are you passionate about?” and “What holds you back?” He did this to … Continue reading
