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jerryking : crowdsourcing   33

You Need an Innovation Strategy
JUNE 2015 | HBR | Gary P. Pisano.

Without an innovation strategy, innovation improvement efforts can easily become a grab bag of much-touted best practices: dividing R&D into decentralized autonomous teams, spawning internal entrepreneurial ventures, setting up corporate venture-capital arms, pursuing external alliances, embracing open innovation and crowdsourcing, collaborating with customers, and implementing rapid prototyping, to name just a few. There is nothing wrong with any of those practices per se. The problem is that an organization’s capacity for innovation stems from an innovation system: a coherent set of interdependent processes and structures that dictates how the company searches for novel problems and solutions, synthesizes ideas into a business concept and product designs, and selects which projects get funded. Individual best practices involve trade-offs. And adopting a specific practice generally requires a host of complementary changes to the rest of the organization’s innovation system. A company without an innovation strategy won’t be able to make trade-off decisions and choose all the elements of the innovation system........Long-term investments in research are risky: .....
Rather, a robust innovation strategy should answer the following questions:

** How will innovation create value for potential customers?
**How will the company capture a share of the value its innovations generate?
**What types of innovations will allow the company to create and capture value, and what resources should each type receive?

There are four essential tasks in creating and implementing an innovation strategy. The first is to answer the question “How are we expecting innovation to create value for customers and for our company?” and then explain that to the organization. The second is to create a high-level plan for allocating resources to the different kinds of innovation. Ultimately, where you spend your money, time, and effort is your strategy, regardless of what you say. The third is to manage trade-offs. Because every function will naturally want to serve its own interests, only senior leaders can make the choices that are best for the whole company.

The final challenge facing senior leadership is recognizing that innovation strategies must evolve. Any strategy represents a hypothesis that is tested against the unfolding realities of markets, technologies, regulations, and competitors.
best_practices  Corning  corporate_investors  crowdsourcing  decision_making  HBR  howto  innovation  organizational_capacity  questions  R&D  resource_allocation  strategy  taxonomy  tradeoffs 
april 2016 by jerryking
Benefits of Crowdsourcing - WSJ
Oct. 29, 2014

A very high volume of half-baked ideas brings with it the overhead cost of evaluating those ideas. A breadth of creative input, while attractive in its own right, may require considerable review. Another problem is that when ideas aren’t completely thought-through, they simply create a lot more work for the organization.
crowdsourcing  start_ups  Vivek_Wadhwa  Waze 
november 2014 by jerryking
Future strategies: Feeding the culture-vultures
Dec 21st 2013 | | The Economist |

If museums are to be relevant to their local communities and keep up the flow of visitors, especially in western and southern states, they will have to appeal to radically different audiences and rethink their relationships with those who will be voting on public funding for museums in future.

...Consumers of culture now prefer to decide for themselves how they want knowledge and information served up to them, as testified by the growing popularity of pop-up museums and crowdsourced projects. “They want the opportunity to play in our sandbox,” says Ms Merritt. Curators, who used to be seen (and saw themselves) as experts, are now having to act more like facilitators or mentors.
crowdsourcing  future  museums  partnerships  pop-ups  public_funding 
december 2013 by jerryking
An "A" for Teamwork
Autumn 2013 | University of Toronto Magazine | By Patchen Barss

You’ve heard of crowdfunding. With crowdmarking, a U of T prof hopes to change how students are evaluated
Colleges_&_Universities  students  uToronto  crowdsourcing  assessments_&_evaluations 
november 2013 by jerryking
Developer Plans to Crowdfund a Manhattan Hotel - WSJ.com
September 18, 2013 | WSJ | By MELVIN BACKMAN.
Developer Plans to Crowdfund a Manhattan Hotel
Prodigy Network Hopes to Raise $31 Million in Equity—$100,000 at a Time.
crowdsourcing  crowdfunding  hotels  real_estate  commercial_real_estate  New_York_City 
september 2013 by jerryking
When Complexity Is Free - NYTimes.com
September 14, 2013 | NYT | By THOMAS L. FRIEDMAN.
(Charles Waud & WaudWare)
When everything and everyone becomes connected, and complexity is free and innovation is both dirt-cheap and can come from anywhere, the world of work changes.
Tom_Friedman  GE  Industrial_Internet  interconnections  massive_data_sets  crowdsourcing  business_models  complexity  3-D  contests  prognostics  innovation 
september 2013 by jerryking
Wharton start-up CommonBond extends loans to 20 US MBA courses - FT.com
September 4, 2013 2:00 pm
Wharton start-up CommonBond extends loans to 20 US MBA courses

By Adam Palin
crowdsourcing  crowdfunding  Wharton  start_ups  MBAs  business_schools 
september 2013 by jerryking
Mapping the Future with Big Data
July-August 2013 | World Future Society (Vol. 47, No. 4) |By Patrick Tucker.

The hiker scenario is one that Esri (originally Environmental Systems Research Institute Inc.) demonstrates at conferences, such as its Federal GIS user conference that took place in February. It is, in many ways, a snapshot of the way that statistical data from databases, user data from multiple participants, and social network data from the public will change the nature of rapid decision making in the years ahead. It’s a very big change, and Esri is at the forefront of the way big data and geography will merge in the future....In the nascent era of big data, Esri is poised to become much more significant as we incorporate computerized sensing and broadcasting abilities into our physical environment, creating what is sometimes called an “Internet of things.” Data from sensor networks, RFID tags, surveillance cameras, unmanned aerial vehicles, and geotagged social-media posts all have geographical components to them. After decades of quietly serving the computer mapping and modeling needs of its clients, Esri has suddenly found itself in a new field, using geo-specific data to reveal how businesses, institutions, populations, and entire nations are changing—or being changed by—the physical world, in real time.
future  massive_data_sets  mapping  GIS  predictive_modeling  cyberphysical  tacit_data  crowdsourcing  ESRI  geography  sensors  Industrial_Internet  RFID  meat_space  real-time  location_based_services  LBMA  physical_world 
july 2013 by jerryking
Montreal and Toronto need a new breed of mayor
Jun. 20 2013 | The Globe and Mail | Konrad Yakabuski.

Canada’s two biggest cities are in the market for new leadership at a critical juncture. So-called “higher” levels of government are out of money and ideas and de facto city states are re-emerging as the real motors of national growth and innovation. Bruce Katz and Jennifer Bradley of the Brookings Institution point out that this “inversion of the hierarchy of power” presents cities with both challenges and opportunities. Higher levels of government are too broke, too slow and too politically divided to make transformative public policy, so visionary mayors must fill the void. The trend is yielding a new model of governance. “The metropolitan revolution,” they write in their new book of the same name, “is like our era: crowd-sourced rather than close-sourced, entrepreneurial rather than bureaucratic, networked rather than hierarchical.”...If inclusiveness is key to the metropolitan revolution, Toronto and Montreal have been shaped by history and demography to embody it. With half of its population born outside Canada, Toronto reverberates with the influences of an entire planet. Dundas Square on a Sunday afternoon is a chaotic free-for-all of colour, creed, generation and gender. There are few places in the world that could pull it off as peacefully....As Torontonians ponder a Ford-free future, they need to think about who can best lead such a diverse city as it stakes its claim to global greatness. Choosing an anti-development ideologue who puts poverty alleviation ahead of economic growth would be just as big a mistake as picking a crane-loving populist who doesn’t know his Weiwei from his WiFi.

The inversion of the power hierarchy promises to make the next mayors of Toronto and Montreal national leaders, not just local ones. To succeed, they will need to transcend outdated political cleavages and notions of progress.
Konrad_Yakabuski  Toronto  Montreal  anti-development  leadership  mayoral  networks  crowdsourcing  books  John_Tory  Brookings  voids  governance  cities  city-states  cash-strapped  vision 
june 2013 by jerryking
Mobile Companies Crave Maps That Live and Breathe - NYTimes.com
By VINDU GOEL
Published: June 10, 2013

As mobile phones become all-in-one tools for living, suggesting where to eat and the fastest way to the dentist’s office, the map of where we are becomes a vital piece of data. From Facebook to Foursquare, Twitter to Travelocity, the companies that seek the attention of people on the go rely heavily on location to deliver relevant information, including advertising.....Maps that are dynamic, adapting to current conditions like traffic or the time of day, are the most useful of all. ...Context is everything — where you are, what other people have said about where you are, how to get there, what’s interesting to do when you get there,”... For users of smartphones that run Google’s Android software in particular, maps and directions are smoothly integrated into the address book, calendar and location-sensitive applications like Web searches and dining recommendations. Even for people with other phones, Google Maps still provides the back-end technology for many applications.

“We’re seeing maps become the canvas to everyone’s app,” said Eric Gundersen, chief executive of MapBox, which provides mapping tools to a number of popular apps like Foursquare and Evernote. “The map is alive; the map is responsive.”
mapping  Waze  crowdsourcing  Google  mergers_&_acquisitions  dynamic  canvas  M&A  location_based_services  wayfinding  contextual  real-time  Google-Maps  responsiveness 
june 2013 by jerryking
We should pay heed to the new faces in finance
June 1, 2013 | The Financial Times p.16| by John Authers.

For five years now, we have dwelled on the problems of the old finance. The efforts of financiers, politicians and regulators have been gea...
finance  innovation  M-Pesa  future  start_ups  mobile_payments  crowdsourcing  Kickstarter  peer-to-peer  crossborder  digital_currencies  crowd_funding  fin-tech 
june 2013 by jerryking
Crowd-sourced data hold potential for positive change and human rights abuses
February 18, 2011 | Scientific American Blog Network |By Robin Lloyd |
crowdsourcing  data 
february 2013 by jerryking
Tech Firms Crowd-Source to Fight Suits - WSJ.com
May 2, 2012 | WSJ | By JESSICA E VASCELLARO.

Article One Partners LLC crowd-sources evidence that a patent being challenged isn't novel. Proving so in court can invalidate a patent.

It's called finding "prior art" and has long been a core part of fighting patent cases. Now companies are trying a techie twist: describing the disputed technology online and giving awards of around $5,000 or so to those who find the best stuff, from photos to literary references to obscure foreign documents, to strike down the patent.
bounties  patents  patent_law  crowdsourcing  Jessica_E._Vascellaro  Microsoft  Apple  Article_One_Partners  self-employment 
may 2012 by jerryking
How crowd-sourcing will spark a data revolution
March 22, 2012 |Globe and Mail Blog | by frances woolley.

Yet all of these initiatives are geared towards government data sets and professional researchers. Important private records – diaries of early settlers, for example – can find a home in Canada’s National Archives. But the Archives do not have sufficient resources to process and document records of snowdrops or goldfinches. Moreover, the Archives keep records, not data sets – it is fascinating to look at census records from 120 years ago, but they aren’t much use for statistical analysis.

There is a solution: crowd-sourcing. Across the country there are students, amateur and professional historians, policy analysts, bloggers and data nerds. I’m one of them. I’ve taken data collected by a notable Ottawa record keeper, Mr. Harry Thomson, and posted it on Worthwhile Canadian Initiative. Mr. Thomson’s records go back to the 1960s, long before Environment Canada began collecting comparable hydrometric data. An analysis of the data shows a significant decline in peak water levels during the spring flood – with this year being no exception.

Yet Worthwhile Canadian Initiative is just one blog in the vast expanse of the World Wide Web, and might not even be there in five or ten year’s time. We need a permanent site for all of this data, through which the collective power of the internet can be unleashed – editing, compiling, analyzing, telling stories and, above all, building understanding.
analog  archives  Canadian  cannabis  census  crowdsourcing  data  data_driven  datasets  massive_data_sets  nerds  open_data  record-keeping  Statistics_Canada  unstructured_data 
march 2012 by jerryking
Toronto website gives deep look at neighbourhood statistics - The Globe and Mail
ELIZABETH CHURCH
, Jun. 29, 2011
Want to know what neighbourhood has the highest graduation rates, the
most trees or the greatest number of car accidents?

The answers are now a click away with a new hub on the city website.
Wellbeing Toronto lets users map an array of services and demographic
information and compare the results across 140 neighbourhoods. Users can
see basic information about a neighbourhood, such as average family
income, education level and age of population by sliding their cursor
over an interactive city map. They also can delve deeper to plot
services such as daycare centres, transit stops, and even convenience
stores and supermarkets in a specific area and see how they stack up
with other parts of the city.
Toronto  websites  community  statistics  neighbourhoods  demographic_information  Elizabeth_Church  municipalities  mapping  open_data  crowdsourcing 
july 2011 by jerryking
World Bank Is Opening Its Treasure Chest of Data
July 2, 2011 | NYT|By STEPHANIE STROM. The World Bank’s
traditional role has been to finance specific projects that foster eco.
dvlpmnt,...it might come as a surprise that its president , Robert
Zoellick, argues that the most valuable currency of the WB isn’t its $—
it is its information. ...For > a yr, the WB has been releasing its
prized data sets, currently giving public access to more than 7,000 that
were previously available only to some 140,000 subscribers — mostly
govts & researchers, who paid for access. ...Those data sets contain
all sorts of info. about the developing world, whether workaday
economic stats — GDP, CPI & the like — or arcana like the # of women
are breast-feeding their children in rural Peru.

It is a trove unlike anything else in the world, and, it turns out,
highly valuable. For whatever its accuracy or biases, this data defines
the economic reality of billions of people and is used in making
policies & decisions that enormously impact their lives.
World_Bank  information_flows  data  databases  massive_data_sets  transparency  open_source  Robert_Zoellick  crowdsourcing  mashups  datasets  decision_making  policymaking  developing_countries 
july 2011 by jerryking
Tapping Customers' Egos to Build a Web Presence - WSJ.com
FEBRUARY 9, 2011 By MIKE MICHALOWICZ Two words: a prospect's
first and last name. Feature these in a positive light and that's all
you need to generate genuine interest in your company. Best of all, when
you use the crowdsourcing method, it's free—free user-driven content,
free publicity for your business and free "good will" for your brand.
jck  crowdsourcing  websites  running_a_business  goodwill  user_generated  hubris 
march 2011 by jerryking
Site Adopts Crowd-Sourcing - WSJ.com
OCT. 7, 2010 | WSJ | by Pui-Wing Tam. Site Adopts
Crowd-Sourcing to Link Start-Ups, Investors. Angel List, a website run
by start-up investors and entrepreneurs Naval Ravikant and Babak Nivi,
was launched late last year as a free site to help entrepreneurs garner
seed funding. Over the past 6 mths., Angel List has helped more than 50
young companies raise financing, says Mr. Ravikant, with two to five
companies funded on a weekly basis. More than 370 angel investors and
venture capitalists now use Angel List, he adds, up from 25 at the start
of the year. Angel List began as a matchmaker, where Messrs. Ravikant
and Nivi identified promising start-ups and put them in contact with
interested investors. But it has since been evolving toward a community
model: Start-ups send in a form to Angel List, and any of the site's
investors are able to evaluate applicants online and pick out companies
they want to meet with. Potential investors then rate the start-up.
Pui-Wing_Tam  crowdsourcing  funding  start_ups  angels  investing  investors 
december 2010 by jerryking
Getting Consumers Involved in Business Decisions - WSJ.com
JULY 13, 2009 | Wall Street Journal | Kelly K. Spors. The
Customer Knows Best. Thanks to the Internet, companies can easily find
out what consumers think. They just ask....." Entrepreneurs need to know
when to follow their own vision and intuition and when to rely on crowd
feedback, "
running_a_business  Kelly_K._Spors  Kauffman_Foundation  entrepreneur  start_ups  crowdsourcing 
august 2010 by jerryking
Yelp's ambitious plan to take over the local ad market
July 23, 2007 | Fortune | By Jeffrey M. O'Brien. The name
"Yelp" comes from a friend of the founders who liked the word. It also a
contraction of "yellow pages," and reveals the company's ambitions: a
land grab on the $100 billion that's spent every year on local
advertising. "There's an information shortage about local businesses,"
says co-founder & CEO Jeremy Stoppelman. "the yellow pages tell you
how much money a business spent to buy a big ad. We're a place for a
conversation between a prospect and the business owner." Local search
strategies: the directory model, which involves a massive sales force
upselling business owners to ever bigger, flashier ads; the Citysearch
tactic of creating proprietary content and selling ads against it;
there's the search-engine route of crawling everyone else's content and
automating the ad sales. Yelp is different: crowd-sourcing. While Zagat
compiles anonymous user reviews, Yelpers fully express their feelings
and make names for themselves.
Yelp  local_advertising  City_Voice  business_models  strategies  search  local  Zagat  information_gaps  crowdsourcing 
july 2010 by jerryking
Unboxed - Crowdsourcing Works, When It’s Focused - NYTimes.com
July 18, 2009 | new York Times | By STEVE LOHR. New research
suggests that open-innovation models succeed only when carefully
designed for a particular task and when the incentives are tailored to
attract the most effective collaborators. “There is this misconception
that you can sprinkle crowd wisdom on something and things will turn out
for the best,” said Thomas W. Malone, director of the Center for
Collective Intelligence at the Massachusetts Institute of Technology.
“That’s not true. It’s not magic.” Success requires that companies have
a culture open to outside ideas and a system for vetting and acting on
them.
Steve_Lohr  crowdsourcing  collective_intelligence  business_models  open-innovation  Netflix 
july 2009 by jerryking

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