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The art and science of the possible

~ A celebration of non-zero sum thinking

The art and science of the possible

Category Archives: innovation

What does an “innovation economy” really mean?

22 Friday May 2015

Posted by lnedelescu in human capital, innovation, management, Organizational Development, society

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Agile, Economy, Independent judgement, Innovation, Knowledge Economy, Knowledge worker

Prosperity

We have entered the knowledge economy, but are only dismally realizing its tremendous potential for accelerating human progress and prosperity. While we acknowledge human talent as the chief resource of the 21st century, we fail to utilize the creative potential for a majority of the workforce. In fact, the portion of the employed workforce which utilizes independent judgement has remained stagnant for decades [see Nilofer Merchant]. Regarded from this angle, our state of the art economy is only marginally efficient at turning knowledge into innovation.  Progress is only achieved painstakingly and convolutedly. The lost opportunity cost is tremendous [see David Nordfords].

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The end of the “check-the-box” era

20 Monday Apr 2015

Posted by lnedelescu in business, human capital, innovation, management, society

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In my 2013 Global Peter Drucker Forum winning essay, Post-Causality: a Quiet Global Revolution in the Making, I made a compelling point that the world is moving away from an “if-then” paradigm. We are indeed moving away from the simple causal credo of the “if you find yourself in this situation, then check this box” type. But it is a slow, protracted transition. According to Nilofer Merchant, between 1950 and 2010 the percentage of the workforce that utilizes independent judgement has been left flat at 33%. But what is independent judgement you might ask? A fair question.

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Leadership: between passion and lunacy

20 Monday Apr 2015

Posted by lnedelescu in business, innovation, management, Organizational Development

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Innovation, Leadership, Psychology, Risk

harlequin

I just came across an interesting article from CNN Money on the story of Microsoft’s Surface product line. Apparently somewhere along the path to the success that the Surface Pro 3 has turned out to be, Microsoft lost lots of money on intermediary product versions. Particularly, they were left with $1 billion worth of Surface 2 inventory. Microsoft never wavered in their support for the guy behind the Surface line, Panos Panay. That my friends, is the essence of leadership. You ain’t a leader until passion has gotten you in a position where you’ve either questioned your own sanity or been suspected of lunacy by others.

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Exceptional corporate growth

17 Tuesday Mar 2015

Posted by lnedelescu in business, innovation, knowledge, learning, management, Organizational Development

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Business model scalability, Chris Argyris, Double Loop Learning, Growth

Double Loop Learning

There’s more than enough literature out there for corporate growth. Academics talk about implementing cultures of innovation. Consultants present case studies on sophisticated financial strategies to drive bottom line revenue. And yet, a fundamental model for growth mechanics remains elusive. In this post I present a model for scalable or better than average corporate growth.

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Forget IDEO’s T-shaped thinkers – enter “Meta”

31 Saturday Jan 2015

Posted by lnedelescu in business, consulting, design thinking, human capital, innovation, knowledge, learning, Organizational Development

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Design Thinking, IDEO, Meta, Tim Brown

fuller_artzy

If you follow the latest in business thinking, you would have come across the popular – or should I say “populist” – Design Thinking (DT) movement. You might have even heard of IDEO. They are the company that turned the rather loose notion of business as “art” into a profitable consulting model. You’ve probably heard of so called “T-shaped thinkers”. According to Tim Brown and others at IDEO, T-shaped thinkers are the new Da Vincis. They master both the ability to think broadly and deeply. They are generalists and specialists at the same time.

The beauty of simple models, like IDEO’s T-shaped thinkers is they are simple to convey and remember. Their marketing power is undeniable, and they serve the consulting model superbly. But the drawback is they are often too simplistic to be accurate. In fact, I say the T-shaped thinker model is quite poor in capturing the generalist-specialist dichotomy.

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Measuring our way into meaninglessness, stagnation and crisis

12 Wednesday Mar 2014

Posted by lnedelescu in Crisis, future, human capital, innovation, problem solving, science

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bureaucracy, Crisis, Data Crunching, economics, Fanatism, future, Kurzweil, neo-Marxism, Numbers, Religion, Singularity, Society, Stagnation, Totalitarianism

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I posit excessive measurement is the culprit behind the world’s biggest problems, as well as the likely initiator of its future crises. It is the largest hidden systemic risk to our future livelihood. Our obsession with quantity is the very incarnation of the materialistic credo, a worldview focusing on physical resources and antagonist to a knowledge economy.

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Big data won’t turn Marriott into Airbnb

11 Tuesday Mar 2014

Posted by lnedelescu in business, innovation, technology

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Airbnb, Big Data, Cinderella, disruptive innovation, fallacy, Marriott, Predictive Analytics

Image

Big Data this, predictive analytics that. Give me a break.

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Don’t fix Capitalism; realize its opportunities!

09 Sunday Mar 2014

Posted by lnedelescu in business, capitalism, human capital, innovation, knowledge, society

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Capitalism, creativity, daydreaming, economics, Global Peter Drucker Forum, Harvard Business Review, human capital, Imagination, Industrial Revolution, Invention, Marxism, non-zero sum thinking, Peter Drucker, Prosperity, wealth

Image

Despite what you may be led to think when listening to heated political debates and cable news wise men, things are not that complicated when it comes to humanity’s predicament.

In a time when common folk and elites alike decry Capitalism and seem intent on going after it with pitchforks, I say we have yet to achieve it.

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Facebook vs. Nicolay Kardashev: the sustainable economic growth argument

02 Sunday Mar 2014

Posted by lnedelescu in business, capitalism, democracy, future, human capital, innovation, Investment, science, society, technology

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capital, Clay Christensen, Cosmos, economic growth, Facebook, Innovation, Investment, Kardashev's scale, Knowledge, Prosperity, social networking, Unknowns, Zuckerberg

Image

I’ve often wondered whether social networking companies like Facebook qualify as innovations driving sustainable economic growth, i.e. fueling human prosperity.

As more of the world’s discretionary capital (equity, venture, etc.) is sunk into social technologies we should I think explore the link between virtual technologies facilitating human connectivity (i.e. social media) and vibrant economies conducent to democratic political systems, invention and human prosperity.

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A consulting industry first: strategy architected around complexity principles

25 Tuesday Feb 2014

Posted by lnedelescu in complexity, consulting, design thinking, innovation, knowledge, management, problem solving, strategy

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Alignment, complexity, Criteria, Innovation, Performance, Peter Drucker, phase transitions, Portfolio, Qualitative Leaps, Quantitative, strategy

Image

When people ask me what it is that I do, they often act surprised and sometimes suspicious upon hearing my answer: “I solve wicked problems with undefined parameters”; yes, really.

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