The Entrepreneurial City

The Entrepreneurial City

The popular perception of innovation is that it is a trait of individual entrepreneurs like Elon Musk and Steve Jobs. However, this is misleading because their success is built on significant public sector investment. Governments are often the real risk-takers and innovators as they collaborate with the private sector to create a whole greater than the sum of its parts. Innovation is a byproduct of public and private sector collaboration, which is most enhanced in cities like Pittsburgh and Berlin. The quality of people and their ability to experiment is the primary differentiator, rather than the size or sector of the organization they work for.

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More Innovation Resources:

Open Innovation & Crowdsourcing: B2B versus B2C

B2C companies are better suited for crowdsourcing, while B2B companies have a more closed mindset. However, both share similar challenges, including integrating external input, building an innovation culture, and fostering disruptive innovation.

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How to Destroy Innovation Silos

Healthcare organizations need to embrace open innovation and collaboration in order to drive real transformation in the industry.

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The Net Works

The Net Works

Networking is essential to success, but it is poorly understood. Sociologist Robin Dunbar's work on strong and weak ties has shown that we have an upper limit to the number of actual strong social connections we can maintain at any point in time. However, weak ties can help to increase innovation capacity. Trust is the force that makes networks work, and conversations should come first when building relationships.

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