Victor Hwang, Act I (Global Innovation Summit 2012)

  • 1,080 views
Uploaded on

 

  • Full Name Full Name Comment goes here.
    Are you sure you want to
    Your message goes here
    Be the first to comment
No Downloads

Views

Total Views
1,080
On Slideshare
0
From Embeds
0
Number of Embeds
0

Actions

Shares
Downloads
0
Comments
0
Likes
3

Embeds 0

No embeds

Report content

Flagged as inappropriate Flag as inappropriate
Flag as inappropriate

Select your reason for flagging this presentation as inappropriate.

Cancel
    No notes for slide

Transcript

  • 1. Victor W. HwangRAINFOREST DYNAMICSWHAT MAKES ECOSYSTEMS TICK?
  • 2. Where are we today in history?
  • 3. 1776Classical economicseconomic value from cost of raw inputs
  • 4. 1871Neoclassical economicseconomic value from supply-demand equilibrium
  • 5. 1990Business cluster theoryeconomic productivity from geographic concentration
  • 6. Today, it all seems unsatisfactory.How do we cultivate systems,not just describe them?
  • 7. The world needs a new frameworkto accelerate growth… 1776 1871 1990 ? 2012
  • 8. A new paradigm for innovation… Plantation Rainforest
  • 9. While plants are harvested mostefficiently on farms,weeds sprout best in Rainforests.
  • 10. Rainforests nurture serendipitous interactions...
  • 11. A radical shift in perspective,from this...
  • 12. … to the real world.Not gears, but human beings. Landlord Land Engineer Labor Output Capital Investor Technology? Scientist
  • 13. And real human beings are separated… by geography, culture, language, social networks, andlack of trust.
  • 14. This happens across entire systems. Across an entire system
  • 15. Elinor Ostrom, 1933-2012Nobel Prize in Economics, 2009 Zero-sum games can indeed become positive-sum
  • 16. The Secret of Innovation Ecosystems Economies thrive when culture Across an entire system overcomes social barriers and fosters connectivity, trust, and collaboration between diverse people…
  • 17. But how do we design networkswhere value comes from chaos?Can we engineer serendipity?
  • 18. It’s not just creative destruction.Far more important—and harder—is creative reassembly.
  • 19. The culture of the American frontierrequired strangers to trust fast, or die…
  • 20. Rules of the RainforestRule #1: Break rules and dream.Rule #2: Open doors and listen.Rule #3: Trust and be trusted.Rule #4: Experiment and iterate together.Rule #5: Seek fairness, not advantage.Rule #6: Err, fail, and persist.Rule #7: Pay it forward.
  • 21. How do humans change behavior? Across an entire system
  • 22. Tools to Build RainforestsTool #1: Learn by DoingTool #2: Enhance DiversityTool #3: Celebrate Role Models and Peer InteractionTool #4: Build Tribes of TrustTool #5: Create Social Feedback LoopsTool #6: Make Social Contracts Explicit
  • 23. What does it mean?OLD NEW1. Factors of production 1. Cultural transformation2. Clusters, technoparks, 2. Human connectivity, not just and incubators physical proximity3. Local first, then global 3. Wherever the value chain goes4. Writing smaller checks = 4. Fund managers and their venture capital human qualities matter5. Hiring by skills and 5. Character, trust, respect, role resume models matter6. Plan specific outcomes 6. Experiment, adapt, iterate7. Measure output 7. Measure environment
  • 24. Rainforests thrive by nurturingwhat makes us uniquely human.