Key notes from HIT, World Innovation Summit

From Rosabeth Moth: "Strategy on innovation"

5 F lessons applies to innovation: focus, flexibility , fast, friendly on collaboration, fun. Think beyond your company to extend your partners like IBM does. Also innovation means hard work, find solutions to save the world, doing something instead of complaining, and is implied in the culture (willing to win, adapt, transform...)

From Ray Kurzweil: "Future's innovation"

Technology doubles power every year, potential growth is predictable. In 2010 no computers, everything will be virtual. More info at http://www.kurzweilai.net/

From Gary Hamel: "Innovation on management" (this was my favourite one)

Innovate the management model, radical management model. Challenging the status quo.
Today top challenges are continous changes, high competition (barries falling down to enter into big markets) and knowledge is becoming a comodity.

Mgrs job changes from job description mgmt (where mgrs tell what others should do) to create and estimulate the enviroment helping employees to do things. Ideally mgr's span of control should be 60 employees by mgr. All commitment should be voluntair, everyone is able to say no to any request. How to become mgmt innovator leader? Transparency, small teams becoming profit centers, look what new comers are doing (don't look at top fortune companies).

Most of people see web is changing operational model, some people see web is changing business model and just a few people see web as an enabler of mgmnt model changes. Until now, beaucracy and markets (where markets promoted the use of creativity). Humans always has been adapted to circunstances. Now it's time that humans are able to work differently.

More info at www.wsj.com/hamel

Vijay Govindarajan (VG): "Execution on innovation"

Strategy is about selectively forget the past and create the future while most of companies are spending their time and efforts in managing the present.

VG paradigm: we should ask ourselves "how India can transform or help Ford?" instead "what Ford can do for India"

Do an analysis about competition for the future -> oportunity gap -> renewal

Best practices + benchmarking: is not strategy. Next practices instead of best practices.

Growth Playbook: put your 2009 projects into 3 areas: (1) core biz (2) adjacent space (3) enterely new space. And then think about which is your right balance?

His book is "10 rules for strategic innovators"and his blog at http://www.vijaygovindarajan.com/

2.0 Trends

During Web 2.0 Expo held this month in San Francisco two topics were most commented: the influence of the crisis and social nets in the web. From my point of view, the key learnings from the Expo were
• The new concept of “Lean startup”. Lean management strategy applied in the past to the production now applies to the new start-ups. Times for big investments withour clear ROI are over. Now new entrepeneurs requires to prove ROI to their investors from the beginning. Resources to the minimum just for maximize the investment in a short period of time is the key message for new comers.
• “Ad-versity”. Reduction of marketing funds is pushing to marketers to segment more and more than before.
• Social nets are changing the way of sales, marketing and product development teams are working.
• Moving from product to service based economy is pretty clear.
• Measure of ROI arrives to the web 2.0. Lots of new initiatives and products around tools and measurement algorithms to track the return on advertising and searching over Internet.

Who gets money from VC in Silicon Valley?

Interesting to observe which top SW companies receive money from Venture Capital in Silicon Valley from latest Quarterly report:

1. 75 M$ goes to Silver Spring Networks in later stage of Smart Network for utilities
2. 22 M$ to Fijan Software in later stage as well of their online security tools
3. 21M$ to Goodmail Systems to expand their email certification platform
4. 20M$ to Kosmix to expand their web search engine
5. 16M$ to Zvents to expand their events web search technology
6. 15M$ to Zuora to expand their online subscription services platform
7. 10M$ to Sharpcast to expand their sync+store+share web platform
8. and other 58 companies received 215M$ in total, that means 3.7M$ each in the last Q4'08.

I'm glad to see VC still believe in potential SW companies in the Bay Area. Maybe this time early stages and seed phase of start-ups received less large amounts of money than previous quarters, but still a large number of companies received money for their new adventures specially for security, mobility, multimedia, video, networking, web based services and social nets.

Barack Obama, new CEO of America

If Obama was named as CEO of an American company, this should be an extract of his first speech: 

"Starting today, we must pick ourselves up, dust ourselves off and begin again the work of remaking our company....

Our challenges may be new. The instruments with which we meet them may be new. But those values upon which our success depends - hard work and honesty, courage and fair play, tolerance and curiosity, loyalty and companionship - these things are old. These things are true. They have been the quite force of progress throughout our company history....

What is required of us now is a new era of responsibility - a recognition, on the part of every employee, that we have duties to ourselves, our company and our world, duties that we do not grudgingly accept but rather seize gladly, firm in the knowledge that there is nothing so satisfying to the spirit, so defining of our character, than giving our all to a difficult task... 

This is the source of our confidence - the knowledge that our Council calls on us to shape an uncertain results. This is the meaning of our empowerment and our teamwork...

..during rising tides of benefits and the still waters of profit ...amidst gathering clouds and raging storms".

JUST CHANGING SOME WORDS, DO YOU THINK REALLY THAT OBAMA IS A POLITIC OR A BUSINESS MAN?