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Tiberius Brastaviceanu

Innovation is Booming: But Why Can't We See it in GDP? - Forbes - 0 views

www.forbes.com/...-but-why-cant-we-see-it-in-gdp

innovation gdp forbes article new economy

shared by Tiberius Brastaviceanu on 29 Apr 12 - No Cached
  • we know that we have an industrial revolution going on
  • The internet in short.
  • allows us to do new things and also to do old things differently
  • ...5 more annotations...
  • we cannot actually see this in the figures for economic growth.
  • a problem of measurement. Of the way in which GDP itself is a useful but not complete measure.
  • certain uses of the internet actually reduce GDP: even while making us as individuals richer.
  • we’re measuring economic growth wrong.
  • We have managed to build an economy where trying something new has become increasingly difficult.
Francois Bergeron

Why Great Innovations Fail: It's All in the Ecosystem - Forbes - 0 views

www.forbes.com/...print

great innovations ecosystem

shared by Francois Bergeron on 12 Mar 12 - No Cached
  • “It is no longer enough to manage your innovation. Now you must manage your innovation ecosystem,” he writes.
  • How could Amazon engineer a triumph with a weaker product?”
  • How do you take the measure of the ecosystem that your innovation will need to be part of and rely on? How do you not miss the blind spots that can lurk almost anywhere?
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  • In other words, start with a complete ecosystem, but a limited one.
Tiberius Brastaviceanu

Why Great Innovations Fail: It's All in the Ecosystem - 0 views

www.forbes.com/...tions-fail-its-their-ecosystem

innovations ecosystem paper theory

shared by Tiberius Brastaviceanu on 13 Mar 12 - No Cached
  • “It is no longer enough to manage your innovation. Now you must manage your innovation ecosystem,”
  • example
  • Michelin developed a revolutionary new kind of tire with sensors and an internal hard wheel that could run almost perfectly for 125 miles after a puncture.
  • ...13 more annotations...
  • Yet by 2007 the product was such a failure that Michelin had to abandon it.
  • The company hadn’t confronted the entire ecosystem the tire would rely on
  • conversion costs
  • expensive new equipment
  • legal challenges
  • Mastery of the ecosystem is the great strength that made Apple the supreme success story of our time,
  • The iPod
  • a beginning ecosystem that Jobs enlarged by introducing the iTunes Music Store.
  • the ecosystem further by opening up the Mac-only device to PC users.
  • In a world where mobile phone makers sold their devices to operators to sell to consumers, Jobs had such a powerful ecosystem that he could get operators to compete to partner with him: “And here was Apple, offering not just exclusive access to the most talked-about phone in history, but also exclusive access to Apple consumers—the most desirable customer segment imaginable
  • How do you take the measure of the ecosystem that your innovation will need to be part of and rely on? How do you not miss the blind spots that can lurk almost anywhere?
  • three main steps to take.
  • There are terrible pitfalls in the usual progression from prototype to pilot to rollout. It relies perilously on getting everything right from the very start. Often a far wiser and safer approach can be what Adner calls a “minimum viable footprint (MVF) rollout followed by a staged expansion.” In other words, start with a complete ecosystem, but a limited one.
Tiberius Brastaviceanu

How The Blockchain Will Transform Everything From Banking To Government To Our Identities - 1 views

www.forbes.com/...o-government-to-our-identities

blockchainaccess_project paper

shared by Tiberius Brastaviceanu on 03 Jun 16 - No Cached
  • The first generation of the Internet was a great tool for communicating, collaborating and connecting online, but it was not ideal for business. When you send and share information on the Internet, you’re not sending an original but a copy. That’s good for information — it means people have a printing press for information and that information becomes democratized — but if you want to send an asset, it’s a problem. If I send you $100 online, you need to be sure you have it and I don’t, and that I can’t spend the same $100 somewhere else. As a result, we need intermediaries to perform critical roles — to establish identity between two parties in a transaction, and to do all the settlement transaction logic, which includes record-keeping.
  • With blockchain, for the first time, we have a new digital medium for value where anyone can access anything of value — stocks, bonds, money, digital property, titles, deeds — and even things like identity and votes can be moved, stored and managed securely and privately. Trust is not established though a third party but with clever code and mass consensus using a network. That’s got huge implications for intermediaries and businesses and society at large
  • And also with government, as a central repository of information an entity that delivers services.
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  • There’s an opportunity to disrupt how those organizations work. Intermediaries, though they do a good job, have a few problems — they’re centralized, which makes them vulnerable to attack or failure
  • They tax the system
  • They capture data
  • They exclude billions of people from the global economy
  • internet of value
  • With blockchain, we can go from redistributing wealth to distributing value and opportunity value fairly a priori, from cradle to grave.
  • creating a true sharing economy by replacing service aggregators like Uber with distributed applications on the blockchain
  • unleashing a new age of entrepreneurship
  • build accountable governments through transparency, smart contracts and revitalized models of democracy.
  • The virtual you is owned by large intermediaries
  • This virtual you knows more about you than you do sometimes
  • So there’s a strange phenomenon from the first generation of the Internet where the most important asset class that’s been created is data —and we don’t control it or own it.
  • individuals taking back their identity through your own personal avatar
  • The financial services industry
  • antiquated
  • a complicated machine that does a simple thing
  • settlement
  • an opportunity to profoundly change the nature of the entire industry. The Starbucks transaction should be instant.
  • At the heart of it, the financial services industry moves value.
  • so this is both an existential threat to the financial services industry and an historic opportunity.
  • Banks trade on trust
  • Within the decade, every single financial asset, which is really just a contract
  • will all move to a blockchain-based format
  • In the accounting world, a lot of firms rely on costly audits to drive their profits
  • With blockchain, you could have a third entry time-stamped in a distributed ledger that could be acceptable to any relevant stakeholders from regulators to shareholders, giving you a perfect record of the truth and thus the financial health of an organization.
  • Nobel-winning economist Ronald Coase argued that firms exist because transaction costs in an open market are greater than the cost of doing things inside the boundaries of the corporation.
  • four costs — of search, coordination, contracting and establishing trust
  • Blockchains will profoundly affect all of these.
  • you can now synthesize trust on an open platform and people who’ve never met can trust each other to do certain things. So this results in a whole number of new business models
  • It turns out the Internet of Everything needs a Ledger of Everything, because a lightbulb buying power from your neighbor’s solar panel definitely won’t use banks or the Visa network
  • Right now, governments take tax revenue from corporations, individuals, licenses and so on. All of that can change. We can first of all have transparency in a radical sense because sunlight is the best disinfectant. Secondly, we can open up governments in a different sense of sharing data.
  • governments can enable self-organization to occur in society where companies, civil society organizations, NGOs, academics, foundations, and government agencies and individual citizens ought to use this data to self-organize and create what we used to call services or forms of public value. The third one has to do with the relationship between citizens and their governments.
  • There are more opportunities to create government by the people for the people
  • Electronic voting won’t be delivered by traditional server technology because it won’t be trusted by citizens
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