The Real Story at Davos January 30, 2011Posted by keithsawyer in Genius Groups, Uncategorized.
Tags: davos, michael dell, steve ballmer, wef, world economic forum
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Davos Day 5
So has it been worth it? Absolutely. I realize that I have seen only a small sliver of Davos, the tip of the iceberg that is the open sessions and the official program. What the newspapers report is largely true: For many executives, the day at Davos is filled with private meetings with clients and business partners, and with “closed sessions” that are invitation only and that bring together the key people in an industry. For example, I just learned that Steve Ballmer is here in Davos, but he’s not a participant in the WEF (at least, he’s not a listed participant; perhaps there is a “secret participant” category?). Michael Dell, however, has been attending a lot of sessions (including the one I did on the Creative Workplace).
But it’s an exaggeration to say that the official program sessions mean nothing. As I said in my previous post, the WEF staff does a brilliant job of curating the sessions. And every session I attended had every seat filled. The participants are smart, successful, busy people, and believe me: if they thought these sessions were a waste of time they wouldn’t come. They would get up and leave after five minutes, in fact.
And I certainly don’t feel excluded, like some of the news coverage suggests is the case. These snarky articles (New York Times, I’m talking to you) compare WEF to high school, with everyone feeling insecure and jockeying for status. I have met many CEOs, and they have all been interested, open, and eager to talk.
I am supposedly here on “the faculty” but I am the one who has been learning this week. Kudos to the WEF for a successful conference!
Davos Parties January 28, 2011Posted by keithsawyer in Genius Groups.
Tags: davos, world economic forum
Davos Day 3
Because it is my first time at the WEF, I look to experienced regulars for advice: the so-called “Davos Man.” (And increasingly, Davos Woman…the WEF mandates that for each delegation of five participants, one must be a woman.) And a lot of the advice has to do with what happens outside of the sessions in the Congress Center: in particular, the parties. Wednesday night, the Burda party; Thursday night, the McKinsey party; Friday night, the Google party.
It’s true that Davos is about bringing people together, about what you might call “densifying the social network”. It’s easy to make fun of the rich and powerful hanging out at parties, but what I’ve seen is a serious and meaningful attempt to make connections. And I’ve been surprised at the openness and inquisitiveness of everyone I meet. When I used to live in Manhattan, there were plenty of parties where if you weren’t in the same industry, and you couldn’t help someone’s career, they wouldn’t talk to you. And I have seen no evidence of a status hierarchy: as in, no attention to who arrived in a private jet or who has their own driver (car passes are not easy to come by).
Here, I’ve been in conversations with politicians, government advisors, mining CEOs, and financial services, in various combinations and talking about a surprising range of topics. If you ever question the value of a broad liberal arts education, you should listen in on one of these conversations. Being narrow and specialized clearly doesn’t make a good leader.
Creativity results from breadth, diversity, cross-disciplinary connections, and conversation. I’m seeing a lot of that at Davos.
The Davos Audience January 27, 2011Posted by keithsawyer in Genius Groups.
Tags: bob sutton, davos, design thinking, world economic forum
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Davos Day 2
I participated in my first Davos session, a dinner session Wednesday night about design thinking and the CEO, a full house with about 40 people at five tables. Bob Sutton of Stanford did an excellent job of moderating the event.
A couple of tentative observations about those in attendance: First, there is a truly diverse mix of people. They seem to broadly divide into the more political and policy sphere, and the more business and management sphere. The session topics also fall into these broad categories. (The three sessions I’m participating in are all in the business and management area.)
I suspect that a lot of the executives are here not only for networking, but also for a high-level form of executive education. For example, several of the CEOs in our dinner session were hoping to learn more about design thinking–specific techniques and strategies for making it work in their organization. Others in attendance had already shifted their organizations to design thinking, and they were there to share observations and stories.
This was a new session topic for Davos. It’s an important topic and the interest was strong. What worked for me was the extremely diverse range of backgrounds, industries, and perspectives in the room.
The Davos World Economic Forum January 26, 2011Posted by keithsawyer in Genius Groups.
Tags: davos, world economic forum
Day 1: Wednesday
This week, I’ll be blogging daily from the World Economic Forum annual meeting in Davos, Switzerland, where I am an invited participant and a member of the faculty. “Davos” is legendary, of course, but it’s my first time, so I don’t know quite what to expect. Earlier this week, extended articles in the print media had a distinctly snarky, expose quality to them.
The New York Times reported that the absolute lowest price for admission is $70,000, ranging up to $527,000 for the Strategic Partner level, which entitles you to buy five admission tickets to Davos, at $19,000 each, costing an additional $95,000 for a total of $622,000. It makes me dizzy just typing those numbers! When this same article was reprinted in the International Herald Tribune, which I picked up in the Zurich airport Wednesday morning, the headline was something like “How much does it cost to attend Davos? If you have to ask…(you can’t afford it).” (Fortunately, because I am on the faculty for the event and moderating several sessions, I attend for free.) The New York Times article made the whole event sound like an expensive version of high school, with everyone wondering if they got invited to the “right” party with the “right” people. (Full disclosure: I haven’t been invited to any of the right parties. And I was a geek in high school, too.)
Here’s the lead from another article from the New York Times, 24 January, by Jack Ewing:
Leaders in business, politics and academia from around the world will gather in Davos, Switzerland, this week to try to rescue the planet. It’s a safe bet that, for the 41st year in a row, they will fail.
Vito J. Racanelli, in Barron’s, opened his 24 January article like this:
Gather about three dozen of the world’s most powerful political leaders, mix them with 1,400 international corporate executives and a few Nobel Laureates; add hundreds of top-tier bureaucrats, academics and intellectuals, and sprinkle in Robert De Niro and Bono. You get Davos, the picturesque Swiss mountain resort that has become synonymous with the annual World Economic Forum meetings.
The Wall Street Journal’s coverage has been remarkably neutral and non-snarky by contrast. The WSJ web site has the best coverage, with several updates every day.
But in general, it seems like it’s open season on Davos. It’s an easy target when the rich and the powerful get together in a pricy ski resort and exclude everyone else. And I haven’t even mentioned yet the anti-globalization protesters who usually show up at such events (I haven’t seen any here so far, but in previous years they were apparently a constant).
So is it worthwhile? I came here because I believe in collaboration, in the power of bringing people together to exchange and share ideas. If the WEF lives up to its ambition, it will generate a unique form of group genius, bringing the world’s leaders together–people who might just have the ideas we need to “improve the state of the world,” the official mission of the WEF.
Stay tuned for my next postings.
The Road to Economic Recovery February 5, 2009Posted by keithsawyer in Organizational innovation.
Tags: boston globe, davos, johnson & johnson, open innovation, paul stoffels
The annual meeting of the World Economic Forum in Davos, Switzerland is always an opportunity for big-picture thinking (see my post about the 2008 Forum here). And this one comes right in the middle of the worst financial crisis since the Great Depression. In a deep crisis, innovation can be perceived as optional; “we have to focus on survival”. So I was delighted to read when Dr. Paul Stoffels, company group chairman of pharmaceutical research and development at Johnson & Johnson, advocated innovation as the way out of the crisis in the Boston Globe this week. And not just any innovation, but open innovation–the kind of networked co-creation that I advocate in my book Group Genius.
“Our scientists are taking a networked approach across internal organizational disciplines and geographies, including Asia and other emerging markets, and increasingly with external public and private partners to generate ideas and intellectual property. By working with experts at other companies, universities, and research institutes, we tap a wider range of expertise, capabilities, and resources. Together we share in both the benefits and costs of innovation that will yield more useful technologies and solutions that will contribute to new advances in healthcare.”
Innovation is necessary for survival. And Johnson & Johnson gets it.
Davos World Economic Forum and Collaboration January 25, 2008Posted by keithsawyer in Enhancing creativity, Everyday life, Uncategorized.
Tags: collaboration, davos, innovation, world economic forum
On Wednesday, the leaders of the world gathered in Davos, Switzerland for their annual schmoozefest known as the World Economic Forum (January 23-27). At no other annual event can you find country presidents and prime ministers mingling with CEOs of the largest multinational corporations, listening to talks by thought leaders from around the globe. The theme of this year’s event is “The Power of Collaborative Innovation”. Collaboration is, more and more, the driver of corporate success; but by choosing collaboration for this year’s WEF theme, Davos is acknowledging that collaboration is also the key to solving the most pressing global issues. In previous years, the Davos meeting received more attention for the anti-globalization protesters outside the gates, but this year’s theme doesn’t seem to have offended anyone.
Presentations include Matt Parker, of Nike, describing their Nike Plus gadget–a device that you put on your shoe and hook into your iPod, and also connect you to the Internet. The system allows runners to communicate, to come together and organize races for example. Reuters’ Tom Glocer described their company’s internal innovation program, where employees are encouraged to submit ideas in a quick one-page document.
In a typical Davos event, CNBC reporter Maria Bartiromo interviewed Bono, Bill Gates, and Michael Dell. They announced their support for the (RED) initiative (if you purchase a product that is “red,” the selling company makes a donation to fight AIDS in Africa). Soon after that, British Prime Minister Gordon Brown joined a powerhouse panel that included the CEOs of Cisco and Pepsi, to discuss why it makes business sense for corporations to establish social responsibility as a priority alongside profits.
A press release dated today was titled “Collaboration Key To Success As New Initiatives Are Launched In The Field Of Humanitarian Relief At Davos.” Members companies and the United Nations announced two initiatives to bring together the private sector and the humanitarian community, to harness their collective power collaboratively.
The theme of collaboration has five sub-themes. I was particularly intrigued by the first: “Competing while collaborating.” This is a central topic of Chapters 9 and 10 of my new book Group Genius. It sounds counterintuitive; but, over and over, the most innovative companies are the ones that figure out how to build collaborative webs with partners, customers, and even with their competitors. And because my book’s subtitle is “The Creative Power of Collaboration,” you know I’m excited to see the importance of collaboration recognized by such a high-profile event.