Group items tagged

I'm a capitalist by conviction and profession. I believe the best economic system is one that rewards entrepreneurship and risk-taking, maximizes customer choice, uses markets to allocate scarce resources and minimizes the regulatory burden on business. If there's a better recipe for creating prosperity I haven't seen it.

Creativity has always been at the heart of business, but until now it hasn't been at the top of the management agenda. By definition the ability to create something novel and appropriate, creativity is essential to the entrepreneurship that gets new businesses started and that sustains the best companies after they have reached global scale. But perhaps because creativity was considered unmanageable-too elusive and intangible to pin down-or because concentrating on it produced a less immediate payoff than improving execution, it hasn't been the focus of most managers' attention.

At Tianjin, I was delighted to come across the thought provoking ideas of Tim Brown, CEO, IDEO. I'd like to share with you here a brief video in which Tim explores why enabling intrapreneurship is often considered the Holy Grail of large organisations and offers some thoughts on what they need to do to encourage a higher level of new ideas.