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The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World By Amar Bhidé

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Presentation on theme: "The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World By Amar Bhidé"— Presentation transcript:

1 The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World By Amar Bhidé

2 NOTE: To appreciate this presentation [and ensure that it is not a mess ], you need Microsoft fonts: Showcard Gothic, Ravie, Chiller and Verdana

3 Sustainable Innovation: Systemic. Very complex. The NECESSARY COMBINATION (very dense network) of EVERYTHING from the development of the Basic Science to numerous INTERMEDIATE Stages to Sales Recruiting and Training and Ads. Essential: Clever and numerous AGGRESSIVE CONSUMERS* (venturesome consumption). Path to success or failure … UNPREDICTABLE. FYI: The World is NOT FLAT. World is NOT FLAT. *From Transistor at Bell Labs to on-line gamers. Source: Amar Bhidé, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World

4 Sustainable Innovation: Systemic. Very complex. The COMBINATION (very dense network) of EVERYTHING from the Basic Science * to Sales Recruiting and Training and Ads. Essential: Clever and numerous PIONEER CONSUMERS (venturesome consumption). Path to success or failure … UNPREDICTABLE. from the Basic Science * to Sales Recruiting and Training and Ads. Essential: Clever and numerous PIONEER CONSUMERS (venturesome consumption). Path to success or failure … UNPREDICTABLE. *Of modest value [& origin mostly irrelevant] unless the ENTIRE INNOVATION CHAIN is in place and aggressively interacting-competing. irrelevant] unless the ENTIRE INNOVATION CHAIN is in place and aggressively interacting-competing. Source: Amar Bhidé, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World Innovation Sustains Prosperity in a More Connected World

5 Sustainable Innovation/Breakthrough Ideas: (1) High # of Stages/Stages- within Stages within Stages (1) Importance of Intermediate Stages Intermediate Stages (3) Engaged Mega-scrum of Users/Consumers of Users/Consumers as Participative/Decisive as Participative/Decisive Pull Mechanism (e.g., UPS Pull Mechanism (e.g., UPS vs. FedEx) vs. FedEx) Source: Amar Bhidé, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World Sustains Prosperity in a More Connected World

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