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jerryking : hierarchies   7

Hierarchy of Company Statements
April 2008 | HBR |by David J. Collis and Michael G. Rukstad.

The trade-offs companies make are what distinguish them strategically from other firms.
HBR  mission_statements  definitions  company  tradeoffs  vision  values  strategy  balanced_scorecard  hierarchies 
june 2012 by jerryking
PeteSearch: How to turn data into money
October 20, 2010 by Pete Warden. The most important unsolved
question for Big Data startups is how to make money. Here's a hierarchy
showing the stages from raw data to cold, hard cash:
(1) Data. You have a bunch of files containing info. you've gathered,
way too much for any human to ever read. You know there's a lot of
useful stuff in there though, but you can talk until you're blue in the
face & the people with the checkbooks will keep them closed. The
data itself, no matter how unique, is low value, since it will take
somebody else a lot of effort to turn it into something they can use to
make $. (2) Charts. Take that massive deluge of data and turn it into
some summary tables & simple graphs. You want to give an unbiased
overview of the info., so the tables & graphs are quite detailed.
This makes a bit more sense to the potential end-users, they can at
least understand what it is you have, and start to imagine ways they
could use it. (3) Reports; (4) Recommendations.
analysis  commercialization  data  data_driven  data_marketplaces  data_scientists  entrepreneurship  hierarchies  ideas  InfoChimps  massive_data_sets  monetization  value_creation  visual_analysis  visualization 
july 2011 by jerryking
What's The Big Idea?
Mar 12, 2011 | Financial Times. pg. 28 | by James Crabtree. Forward to R. Mayot re. IdeaCity

From Davos, to Long Beach, to north Wales, 'ideas conferences' are burgeoning. But, asks James Crabtree, are they really the new crucibles for creative thinking - or just exclusive talking shops?

Aficionados of cult television know Portmeirion simply as "the village". Here, in the 1960s show The Prisoner, Patrick McGoohan insists "I am not a number, I am a free man," and plots his escape from a mysterious captive community. But, last weekend, the town hosted a different sort of exclusive gathering - and one perhaps better known for those trying to get in, not out.

Against a backdrop of pastel-painted Italianate cliff-top villas, around 120 specially invited guests descended on the Welsh coastal village for what its organisers describe as a global "thought leadership symposium". Such self-selected elite groupings seem, at first glance, to be little more than a weekend break for an already-fortunate section of the chattering classes; what one Portmeirion participant dryly described as "a socially concerned Saga mini-break, dressed up as something more serious".

But such events are also part of a wider trend in the burgeoning market for "ideas conferences" - exclusive conflabs that bring together groups of leaders with the aim of sparking creative ideas, untethered from the niche subjects, academic specialisms or industry segments that have long dominated professional events.

Examples are not hard to find. The business summit in the secluded Swiss mountain resort of Davos is the most famous. But the first week of March also saw the latest TED conference, an exclusive annual USD7,500-a-ticket gathering in Long Beach, California, dedicated to "ideas worth spreading". Elsewhere Google runs an annual invite-only conference, known as Zeitgeist, while American internet evangelist Tim O'Reilly hosts excitable technology entrepreneurs at Foo Camp, which modestly stands for "Friends of O'Reilly".

Dozens of smaller meetings are popping up too, such as Portmeirion, now in its third year and with the FT as one of its sponsors. They represent a shift in the market for conferences, now forced to be more eye-catching to attract the attention of more demanding and distracted audiences. But their blossoming also illuminates a wider trend: the growing importance of unusual ideas and rich social networks, in an economy in which information is both increasingly valuable and confusingly abundant.

Those gathered at Portmeirion this year formed an eclectic group, ranging from polymathic finance expert Nassim Nicholas Taleb to actress Miriam Margolyes and rock concert promoter Harvey Goldsmith. Elsewhere the resort's narrow streets were thronged with a mixture of senior bankers, newspaper columnists, politicians, entrepreneurs, authors and think-tank boffins.

Portmeirion itself used to be something of a salon for London's recuperating elite, hosting guests such as Noel Coward and Bertrand Russell. The idea of hosting a contemporary event there stems from this: it is the brainchild of British public relations guru Julia Hobsbawm, whose father (the Marxist historian Eric Hobsbawm) brought their family to the town for summer holidays.

Top-level gatherings have long been a feature of politics and international affairs. Historian Simon Schama points to The Poker Club, a distinguished salon at the heart of the Scottish Enlightenment of the late 1700s, which counted David Hume and Adam Smith among its members.

Today's ideas conferences are less serious affairs than their antecedents, with agendas that go well beyond the straitjacketed worlds of politics, foreign affairs and business. Videos, jazzy graphics and blaring music between sessions all help keep participants engaged. Informal, unscripted agenda-less "unconferences", are also popular.

A defiantly cross-disciplinary ethic marks out this new class of events, whose programmes are seemingly incomplete without sculptors, comedians and bioethicists to balance out the economists and business gurus. Portmeirion's two most memorable sessions were its most eclectic: a plea to save the seas from oceanographer Sylvia Earle, and a moving film about Indian prostitution from filmmaker Beeban Kidron.

The flipside of this variety is a certain intellectual vagueness, as organisers try to hold together a programme full of clashing insights. The gnomic theme of the most recent TED, for instance, was "the rediscovery of wonder" - featuring a live talk from an astronaut in an orbiting space station, and a demonstration of a machine that "printed" human body parts. The theme of Portmeirion, meanwhile, was simply "community and values", into which one could read just about anything.

Certainly, it isn't always clear what these conferences are meant to be about. The ideal speaker, therefore, is someone able to cross many intellectual boundaries at once [jk: does this meet the definition of "transgressive"??] - as with Nassim Nicholas Taleb, author of The Black Swan, who kicked off the Portmeirion gathering with a magisterial address on the topic of "anti-fragility" in complex social and economic systems. His remarks ranged from mathematics and economics to political theory and Greek history, leaving attendees at once stimulated and more than a little perplexed.

There is an underlying economic rationale too. Delegates often work in professions that place a premium on finding and exploiting the ideas central to processes of innovation in modern businesses. This makes the events business-friendly too - a fact compounded by their need to win extensive corporate sponsorship, which in turn pays for the meals and accommodation that non-paying guests and speakers enjoy.

Yet if the ideas are a little fuzzy, and the business jargon a little too prevalent, this is because, more than anything, these conferences are meant as a celebration, and a test, of the individuals picked to attend - those high-powered, busy, professionally successful types who make a living telling others what they should watch, read or buy.

RSA chief executive Matthew Taylor notes the importance of intellectual cross-dressing at such events: "They allow people to throw off their professional persona for 48 hours: journalists become social theorists, businesspeople become green warriors, and academics become showmen. But on Monday morning - perhaps to everyone's secret relief - it's back to work."

Although their easygoing participants would tend to deny this, these events are a new form of elitism: a novel way of marking out a social and professional hierarchy, in which sensibility and interestingness replaces class or creed. What follows is stimulating, but also reflects the similar outlooks of the media and intellectual elite in a post-ideological world: an ersatz form of intellectualism, which might have raised an eyebrow in Eric Hobsbawm's day.

Even so, such ideas events prosper because they solve a problem faced by many at the top of their professions. The much-discussed "death of distance" never happened; globalisation and the profusion of technology makes place more important. Similarly, a world of abundant, instantly accessible information seems to make personal connection more vital. This puts a premium on private events, which force their participants to spend time developing ideas without distraction. The ideas conference is here to stay.

The Polymath

Nassim Nicholas Taleb

As the guru credited with spotting the unexpected "black swan" events behind the global financial meltdown, Nassim Nicholas Taleb (illustration above) has a track record for spotting unusual ideas. He worries that we have still not learnt the lessons of the crisis, identifying ongoing major threats arising from "expert problems". The risk, he notes, is that "a pseudo-expert astrologist doesn't have many damaging side- effects, but a pseudo-expert economist certainly does".

Taleb is sceptical of some ideas gatherings. Davos is a particular bugbear; he turns down the annual invitation on the grounds that it is "too big, on the wrong topics, and with the wrong people". Other events have their problems too - in particular their tendency to turn "scientists into entertainers and circus performers".

Taleb is currently developing his thinking for a forthcoming book, which he describes as a deeper "volume two" of the themes he explored in The Black Swan. His new big idea is "anti-fragility", or the stability that comes from decentralised, complex systems - such as those found in nature (i.e. biomimicry), or artisan industries - which allow regular small acts of self-destruction, but adapt to keep the system as a whole stable. He contrasts this with fragile, centralised systems - such as the post-crisis banking industry - which prop up their failing parts.

The Agent

Caroline Michel

It is the books with the "big themes" that sell well nowadays, explains Caroline Michel (below), one of London's leading literary agents. Her job, she says, is one in which "amazing people come to me with brilliant ideas, and it is my job to work out what to do with them". In this role she styles herself as part of a new class of "professional mediators", a cadre of ideas professionals whose role it is to weed out "Pot-Noodle knowledge", and give the public new ways to find the valuable information they need.

Consequently, she is a confirmed ideas conference fan, citing book gatherings such as the annual Hay Festival as a source of inspiration. But when facing "an extraordinary spaghetti of knowledge and information", she says, even knowledge professionals find themselves struggling to "to pull through strands" they can understand. A world in which "we have access to this huge mass of information, and in which we are all instant doctors and instant reporters" therefore only increases the importance of those few "people you trust to show you the way through it" - and makes doubly important the chance to listen to them, and to interact with them, in person.

The Entrepreneur

Will … [more]
antifragility  conferences  cross-disciplinary  cross-pollination  David_Hume  Davos  fragility  hierarchies  ideas  ideaCity  invitation-only  Nassim_Taleb  self-destructive  TED  Tim_O'Reilly  thinking_big  trend_spotting  Zeitgeist 
march 2011 by jerryking

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