The Economics of Co-Creation. Can What Happened To Microbrewery Happens To The Auto Industry?

A lot of talk and interest around the concept of co-creation. It is no question that this is going to have asting implications of how products and experiences are designed, developed and marketed. In 3-5 years, customer co-creation will be the part the norm of everyday business. Much like early days of ecommerce when people struggled with the legal, technical, operational issues. Slowly these issues will work their way out and we would look back and say “that’s simple…. makes perfect sese.”

What’s a great example of co-creation? Let’s first try to define it here as sometimes people refers it to anything from idea crowd-sourcing to technical expert groups to simple product/service/marketing customization. One good example of real co-creation is a company called Loco Motor.

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Design Thinking And Growth: What’s The Connection? Why Do We Need Growth?

The Harvard Design Thinking Semina was a great one. High quality particiapants and great turn out with beatiful New York City spring weather. Lunch on the rooftop is way better than a banquet room or a faculty's dining hall. No place on earth can beat the view of New York City. So much energy and creativity. Many participants came all the way from China, Argentina, Mexico and Korea. Thinking of the nex one outisde US, perhaps somewhere Europe and Asia?

Growth is a funny word and often misunderstood just like other words such as strategy or innovation. I have heard from people from 25 year old young smart people to 45 year old seasoned…
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Design Thinking Has Inspired Multi-disciplinary, Interdisciplinary and Trans-disciplinary Approaches To Problem Solving. This Is Just The Beginning Of A New Discipline.

Prague is mystical with a mix of medieval, Renaissance, and Art Nouveau architecture and the design scene is slowly taking shape. You still see traces of history of what communism had done to the city even after these buildings are completely restored. It is where Renaissance meets neo-Gothic and the baroque structures from the 18th centuries.

You can see shadow of cubist touches, which thrived in Bohemia more so in the neighborhood near Vysehrad Park. The public housing or “rabbit huts” as they called it, cheap but highly functional (the Walmart of architecture), provides a stark contrast to the Bohemia style. It is the featureless nature but with modern plumbing and heating were once…
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Innovating Within Or Outside the Core? Let’s Start With What Is The Core?

One interesting dilemma about strategy and innovation is how far we move away from our core and more importantly how do you define the core? What are the core competencies of Gap? Netflix? LVMH? BMW? Hermes? Canon? Nike? Marc Jacob? Blackberry? Samsung? HP? Target? Starbucks? Do they even have anything in common?

Do you see core capabilities as distinct capabilities or deeply embedded values? Or special access to buyers or assets? There are hard core competencies and soft core competencies and people need to understand the difference and that they are not mutual exclusive. Core competencies are double-edged sword. How do you define ‘core competence?’ It is currently seen as a unique capability/know-how that provides some type of competitive advantage for an organization and it is not…
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When We Look Back After Ten Years From Now, We Will Call This A Facebook Decade For Sure.

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Maria Jesus Galan, a nun who has spent 35 years with the Santo Domingo el Rea convent in Toledo, Spain has been spending a lot of time on Facebook and digitizing the Dominican convent's archives.

When the local government gave her a prize for her hard work and she has over 600 Facebook friends, but she is not making any friends in the convent. Some nuns reportedly claimed that Sister Maria's Facebook activity "made life impossible" for them. So she was therefore asked to leave the convent and now back to live with her mom. There are still so many who are afraid of technology, not just the crazy leaders of Iran or Libya.

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We Need To Change The Way We Use Trash, One Imagination At A Time. It Is About Behavior As Much As Economics.

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We all love shopping and some do more than other. We love to buy shoes, clothes, electronic gadgets, toys and cameras. We all know we can’t continue on like this, the stuff we buy today is way worse than what we were buying a decade ago, everything has tons of electronic components inside which is really hard to recycle.

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I guess if I try to name the top three most frequent purchases outside of food and other necessities, it would be 1/ shoes 2/consumer electronics (cell phones and laptops) and 3/clothing and accessories.

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Apple Should Forget The Movie Studios. Go After The Banks Instead. I Want My iMoney.

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This sign is up for our San Francisco office. The archtiects and the girls are working day and night to get this right and a lot of furniture are still in the Atlantic Ocean. Shipping furniture from Europe to US is always slow. Hey we need to get the righ stuff we need to wait.

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Congrats to Nick Hughes (managing director of Signal Point Partners and LBS alum) for picking up the Social and Economic award at the Economist Innovation Awards a few weeks ago held at the Science Museum in London. Nick was…
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Another Great Innovation To Prevent Breast Cancer: A Portable Scanner That Works With Your Laptop Or iPad.

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Breast cancer touches many people every year, and it is not just women. The National Cancer Institute estimates that 207,090 new cases of breast cancer will be diagnosed in women in the United States alone in 2010, and an additional 1,970 cases in men. Deaths are projected to be 39,840 in women. There are also a lot of misdianosis.

A professor at Manchester University is bringing hope to women worldwide with his new innovation–a portable real-time breast scanner. Using radio frequency technology, the scanner can show either malignant or benign breast tumors on a computer screen in real-time. Scanning in a hospital to detect breast cancer is not a pleasant experience.

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Don’t Waste This Crisis. It Is The Best Time For A ‘Reset’. Sometimes It Takes A Life Shake Up To Put Us Back On The Paths We Need To Be On.

There were tours visiting our office last week, people were curious about what we do and what kind of people we hire. It is an interesting question. I guess our job is to help large companies go through mid-life crisis.

Crisis is a popular word these days and it seems like there are no shortages of them. We use the term in today's economic, humanitarian, political and environmental climate. The word is much associated with extreme negative 'tests' of our human abilities or survival as a species. This is also a test on our intelligence and also a test of humanities and to what extend it exists.

How do we get out of this…
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Developing Communities Of Purposes Will Soon Become The Strategic Mission Of CEOs’ Offices.

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I was invited to speak to a group of busness incubators from all across US and Canada. My goal was to cut to the point to show them what is needed to qualify as a viable strategy for any start-up 1/ it must not be subject to the same economics as the dominant players, otherwise there is no reason the world needs another start-up. 2. it must answer to very specific customer unmet needs 3/ it must have a purpsoe. A strategy without a purpsoe is like a computer without an OS. I shared my 70 slides power point with them. Unfortunately not much time for interations as I needed to be back in the office.

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