Folks,
Here is an interesting article i came across about “Want to create innovative Products? Tap into global brains!” .
It gives lot insight into how innovation works at globally and how it should happen!
http://knowledge.wharton.upenn.edu/india/article.cfm?articleid=4244
Happy reading!
-Yogesh
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I am writing this post on a crisp Fall morning, in a world in which Google stock has crossed $700 per share, Microsoft’s tiny stake in Facebook values the company at $15 billion, and New England’s beloved Boston Red Sox have won their second World Series in four years. If any of you can explain any of that, I’d love to hear from you in the comments section of this blog.
The only conclusion I can draw? We are living in a world full of surprises. As a company, you never know who’s going to emerge as your most important rival. As an innovator, you never know where the next great idea is going to come from. As a long-suffering baseball fan, you never know when an 86-year old drought is going to turn into a dynasty.
Indeed, that surprising reality defines the new leadership frontier for executives, entrepreneurs, and game changers of all stripes. More than ever, the most powerful source of business genius isn’t the strategic brainpower of an individual CEO or the technical chops of an inspired engineer. It is the “hidden genius” of grassroots innovators inside your organization, and the collective genius of all kinds of talented people outside your organization. Increasingly, the best ideas come from the most unexpected places.
That’s what Goldcorp’s Rob McEwen learned when he invited the whole world to help him figure out where his company should explore for gold. As an entrepreneur, Rob bought a low-performing gold mine, spent years trying to find gold where the previous owners couldn’t find it—and only succeeded when he shared his proprietary geological data with the outside world and organized an open competition to devise the best drilling strategies.
That’s what shoe designer John Fluevog learned when he applied the lessons of open-source software to the creation of high-heel shoes and knee-high boots, in a program he calls open-source footwear. He unleashed the talents of passionate customers around the world, who have designed a bunch of hot-selling new models for the hot-shot designer.
That’s what the founders of Rite-Solutions learned when they decided to create a “stock market” for ideas inside their fast-growing software company, and let anyone in the organization float an idea (in the firm of a stock), and everyone in the organization invest in ideas that they like through $10,000 of opinion money.
These are just a few examples of this game-changing approach to leadership and innovation. Have you figured out how to navigate—as a company, as an executive, as an entrepreneur—in a world in which the most powerful ideas come from the most unexpected places? Don’t be surprised if that emerges as your next big challenge.
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An interesting webinar @
-Yogesh
Folks,
I came across an inspirational speech given by Mr. Azim Premji @ one of the convocation ceremony @ IIM Ahemdabad.
Here is a link, Speech by Mr. Azim Premji @ IIM Convocation Ceremony
Please do have a look at this, its must read.
Happy reading!
-Yogesh
Business 2.0 