Innovation used to be thought of as a scientific or technical process competence of skilled innovation producers. Now, innovation is a social competence practiced by those who are good at social networking. Innovation is socially embedded co-creation. The social network can include people, knowledge, devices and software. It is socio-technical.
About Hunter Hastings
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Entries by Hunter Hastings
Everyone of us has a hierarchy of needs. When we feel good about what we have attained at one level, we can move up to the next, and tackle something greater – a higher value. The entrepreneur can take the consumer on that journey to higher and higher values. It’s a collaborative climb to the top.
The real bosses are the consumers. They, by their buying and by their abstention from buying, determine what should be produced and in what quantity and quality.
Margrethe Verstager is a lifetime professional politician. She has always followed the political way, never the economic way.People like her, and the extractive political commissions like the one she heads, are a threat not just to innovation but also to the civilized open institutional framework that makes it possible.
Facebook would store this info in a virtual locker, and users would control access. The social network already has this data. It simply needs to corral it into two billion virtual lockers. Each user could then share or not. Here’s the good news: Facebook is going to pay you to share. Then they’ll turn around and charge you a similar amount to cover the cost of servers, electricity, coders and Mark Zuckerberg’s hoodies.
Increasingly, the best talent is all over the world, so increasingly the whole idea is the guy who wins is the guy who pulls together the best team wherever they come from, and actually knows what they are doing, and finds the signal in the noise, and gets out there first. And, if you can do that, you can create a billion-dollar business today.
Connections-in-action can generate all kinds of innovative progress: great art, new music, new literature, new ways to teach humanities, or new ways to evolve institutions.
All the advantages entrepreneurs enjoy as individual economic actors can now be augmented. We all have far more individual economic power than we cold ever have imagined.
Hierarchies are power structures in which you don’t have any power. To join a hierarchy is to abase oneself. Replace hierarchical power relationships by quality of connection in networks of your choice. How much value are you giving and how much are you getting in return?
The Entrepreneurial attitude is active management of your life path while bearing the future uncertainty, whether as business owner / founder or in another role. You will actively navigate your own career, making frequent changes and taking new pathways as you pursue new opportunities.
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