A recent article in Strategy+Business (a magazine published by booz&co) notes the pitfalls of open collaboration: tapping into the power of emergent, bottom-up social networks to generate innovation. The companies that have been successful with it are well known: IBM with its innovation jams, and P&G with its open innovation strategy. But other companies often… Read More Problems With Open Collaboration
In my previous post about the Netflix Prize, I said that two teams had met the Netflix criteria and the race was too close to call. Netflix CEO Reed Hastings has just today announced a winner: The BellKor Pragmatic Chaos team won out over The Ensemble for the $1 million prize. Hastings said: Teams that… Read More Netflix Prize Announced
What is art? And what is “new”? I was asked to address these questions in an evening lecture in Amsterdam Tuesday night (15 September 2009), as the final evening in a series of seven monthly events that were called The Old Brand New. The lecture series was curated by a collaborative group of organizations in… Read More The Old Brand New
In fact there’s been a lot of research on this topic. For the most part, I’ve cited a study by Teresa Amabile of Harvard showing that when people feel more time pressure, they are less creative. Now I’ve read a new study* by Marcus Baer and Greg Oldham, that extends this finding. One difference is… Read More Do Tight Deadlines Make You Less Creative?
India’s Tata Group is perhaps the most successful of its mega corporations. It goes way back: It built the nation’s first steel mill, the first power plant, and the first airline. Tata has been in the news recently for designing and building a car that costs only $2,000 (and no, I didn’t leave off a… Read More India’s Tata Group