More on the Creative Economy

Killer Innovation Podcast

I’m a regular listener of Phil McKinney’s Killer Innovations podcast.  He gave a pretty good summary and speech on the shift to the Creative Economy and how to make innovation happen within a company.

You can access  this podcast (mp3 audio) file here: http://libsyn.com/media/philmckinney/KI_20060916.mp3

You can subscribe to the Killer Innovation podcast on his blog: http://www.techtrend.com/blog/

How we do business/how we create will change in face of the Creative Economy

Also, another article on Creative Economy from Business Week (some of the points were somewhat ominous):
http://www.businessweek.com/2000/00_35/b3696002.htm

Summary and interesting points:

  1. Creative economy is an economy based on ideas rather than physical capital. The internet and social networking make ideas easily transferable or spreadable.  Ideas can take the form of ‘software’ or ‘web tools.’  Also, there will be a need to develop these tools and ideas quickly and rapidly.
  2. Creative economy leaders will drive success through collaboration within and without their organizations.”Strict enforcement of intellectual-property protections can dampen innovation…”  
  3. Welfare Capitalism may occur:  Corporations may try to retain or attract the best and the brightest by  providing services that were once provided by government agencies or families (i.e. daycare, elder care).

It seems then that companies, naturally will need highly innovative and adaptive employees who are incredibly creative and who network well with one another. Working in silos and preserving or hoarding knowledge will hinder a companies progress and ability to keep up with others in this new creative economy.

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