Tag Archives: Innovation

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

Platform Revolution: How Platforms Change Strategy with Geoffrey Parker

The internet is the big disruptor of our time, changing the advantage from products to platforms. Case in point, Uber, Airbnb and PayPal. They all disrupted their markets when they launched. Today they are industry leaders.

What’s the secret to their success?

Economist Intelligence Unit Research on Innovation Clusters

the success factors of innovation clusters

Why does Silicon Valley sustain innovation? What distinct behaviors drive that?

While it’s wrong to want to create ones own Silicon Valley, all innovation ecosystems share common traits.

On this episode of the Big Bang podcast I interview Adam Green, senior editor in the Thought Leadership department at the Economist Intelligence Unit, sister company to The Economist newspaper, on innovation clusters.

Adam is the lead researcher for the Economist Intelligence Unit research on innovation clusters. The report info graphics and short documentary explore innovation clusters globally, discusses their key success factors, and looks at how they change over their life cycle. We have looked at examples from Bangalore, London, Boulder, Singapore and Estonia, with interviewees from the likes of Imperial College, the London School of Economics and techUK. We’ve been particularly interested to show how innovation clusters themselves evolve, and the challenges that success can bring.

Below are some questions we discussed:

  • What is one trait that determines success of an entrepreneurial ecosystem?
  • What are the critical components of an innovation ecosystem?
  • What is the key component to start with if no other components are present?
  • What cultural characteristics are necessary for an innovation ecosystem to function?
  • What evidence, individual and/or organizational, will tell us that this culture is developing?
  • How can we adjust and improve an innovation ecosystem to increase its effectiveness?
  • How do innovation clusters change over time?

It was an insightful conversation, and hope you find it useful.

Let us know what you think on Twitter @jorgebarba and @adrianpedrin.

Watch the live recording:


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The Big Bang is a weekly podcast. Tune in every Tuesday for more discussions on what’s possible; be sure to subscribe on SoundCloud.

Intro audio is by Arturo Arriaga, outro audio is Candyland by Guy J.

Design As Strategy: How Design Can Improve Your Business Outcomes

design as strategy

Design thinking. is it a methodology, mindset, trend, the new must in business acumen, or all of the above?

Regardless of your interpretation, it has been around for quite a while. The bottom-line is most leaders still don’t understand how exactly it helps improve or drive new business outcomes.

Why?

Fear is Detrimental to Innovation

Many of the most successful companies strive for constant change and new innovations in the workplace. For them, new ideas are the lifeblood that keep things rolling towards a more productive, collaborative, and happy workplace environment. Furthermore, they see innovation as the key to remaining at the top of their respective industry and push the boundaries of what is possible.

Great innovation teams are driven by customer insights

Customer discovery never stops

If you look deeply at hundreds of examples of business innovation, an interesting pattern begins to emerge. Specifically, what we find is that an innovative idea came not from some inherent individual brilliance but from looking at the world from a fresh perspective; an alternate way of seeing things.

Innovators don’t pull ideas out of the air, rather they obsess about a particular challenge, ask questions and dig deep to discover insights. And one way innovators come to their insight is by understanding the unarticulated needs of people.