We need to become more comfortable with ambiguity. He suggested reading "Black Swan" a book about the possibilities of the improbable--sounds like our business right?
Washington State was ranked number two in our overall ranking in WA on the New Economy index. States that foster risk taking will win.
The factors in making for an innovation economy.
- Boost your idea production
- Boost your research
- Need ideas translated into applications
- Nee a business model
- Find a market need, match the need with the idea
- Value is then created.
- Need a talent pool, a workforce
- Need capital and an infrastructure
- Need public policy that is pro-innovation
Some new ideas include:
- Investing in talent and infrastructure
- Quality of jobs, per capital i ncomes
- Collaborative regions
- Focus on smaller, not the larger companies
- Bottom-up partnerships
You need to create better relationships and partnerships [this is exactly what my emphasis has been]. Stop competing and start cooperating.
Need a:
- Innovative mindset of the region
- Entrepreneurial talent and capital
- Value centric approach
- Innovation brokers
- State of continued adaptation
- International connections
- Metrics drive success
We need be be the most organization responsive to change!






