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The Shapley Value, Nobel Prize in Economics, and Collaboration

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I have to be honest with you: The Nobel Prize committee has not been riding high on my favorite list ever since they awarded the Peace Prize to the EU. What a myopic definition of peace. It’s not just the absence of war — what about social peace and economic peace? Besides, I still haven’t […]

The Tools for Innovation and Co-Creation

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The most powerful applications of social technologies in the global economy are largely untapped. By fully implementing social technologies, companies have an opportunity to raise the productivity of interaction workers — high-skill knowledge workers, including managers and professionals — by 20 to 25 percent. [McKinsey Global Institute, July 2012.] We recently reported on the general […]

Innovators, Not Presidents, Change the Economy

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Now that we’re headed for the voting booths, the BIG discussion is which nominee will be able to change the economy. Having studied the last nine presidents and their impact on improving the economic strength and welfare of this country, the answer is clear. Neither. Presidents alone do not change the economy. A recent Washington […]

Article on Collaboration Wins Beckhard Prize

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It’s official. According to the editors of the prestigious Sloan Management Review at the Massachusetts Institute of Technology (MIT SMR), an article on collaboration and innovation MIT SMR published in 2010, “The Collaborative Organization: How to Make Employee Networks Really Work,” won the Richard Beckhard Memorial Prize. The article was written by Rob Cross and Peter Gray, […]

12 Quotes on Innovative Thinking

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A friend recently asked how I manage to keep so interested and inspired on the topics of innovation and collaboration. I said, “I collect quotes.” At the start of every week I choose one and put it over my desk for that week. I read them to learn. They remind me that all the great […]

Prize-Based Innovation Challenges: Learning From Yester Era’s Giants, They Were There Before Us!

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We live in a world of unabashed self-promotion. Politicians, academics, consultants, companies constantly in search of opportunities to unfurl their flag, looking for niches and coves they can invade, claim as their own. Not surprising, therefore, to find modern-day idea merchants claiming to be originators, pioneers, the first to have given birth to a concept […]

Ye Too Olde Patent System?

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The word “patent” was originally called “letters patent, which was a royal decree that gave exclusive rights to a person for a limited period of for an invention. In return, that person would be required to share that invention with the public. The goal was to support a kind of virtual co-creation, collaboration, or co-invention. You invent […]

Book Review: The Collaborative Organization

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I recently finished reviewing The Collaborative Organization: A Strategic Guide to Solving Your Internal Business Challenges Using Emerging Social & Collaborative Tools by Jacob Morgan. As I read it, I kept thinking about the following idea: Emerging social networks and collaboration tools are the digital water cooler in the virtual office. The author states early […]

The Endless Immensity of the Sea

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Collaboration is an art and a science. We know a good deal about the science. We tend to overlook the art. A few weeks ago, my nephew asked me what the word “expert” means. I told him it was all about learning. The expert was a person who learned a lot about something, and learned […]

Reverse Innovation: A Conversation with Vijay Govindrajan

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Meet Vijay Govindrajan, VG to the world.       Widely regarded as a leading expert and thinker on strategy and innovation, he is the Earl C. Daum 1924 Professor of International Business at the Tuck School of Business (Dartmouth).  More relevant from a personal perspective, he was my Professor at IIM Ahmedabad, first year, […]