NEWS need a collection of people.
Many say that Apple has grown too powerful and risks becoming a tyrant, but what they did was understand that innovation and industry leadership always comes down to economics not technology. They cut a better set of economics than the mobile carriers and record labels were doing.
There are very distinct ecosystems that have emerged over the past half-decade with the likes of Facebook, Apple and Google all expanding rapidly. Until recently Microsoft was lagging, but it’s recent acquisition of Skype puts it in camp of “watch this space. Each of these camps are deeply social, i.e. there is a network at its core. Each of them has a platform of hundreds of millions of users who access services through the platform.
The winners will ultimately be the organizations that deliver the most inclusive set of economics, i.e. which incentivises consumers and developers most. How do you build a global leader? By making it in as many people’s interests for you to be successful. Open systems trump closed. Incentives drive all of human behaviour.
Some of my favourite lines and ideas from the conference included: •
Omniphone - “If the music industry doesn’t get its act together, they won’t have their annual MIDIM conference but will be going to MacWorld.” •
Ali Parsa of Circle spoke
about “innovation comes from new entrants because if you are involved in a value chain, you’re too pregnant with it” and “give the keys to the asylum to the lunatics” because they actually increase value. “I’m a passionate believer that everyone matters.
That to create value you 11 entrepreneurcountry From Rob Lewis of That those who create
the value should share in the upside of the value” •
From JP Rangaswami, “whenever you have a new world, a lot of time has to be spent by the mappers of the new world, and that is valuable work” [not saying it as brilliantly as JP did.
“The Digital Natives are
super-communicators across both digital and physical” •
From Martin Velasco, the prevention of disease can do as much if not more to control costs than good disease management.
A thought that was echoed by
Ali Parsa in terms of creating incentives to stay healthy not to get sick. •
A brilliant expose on the state of the UK’s debt and what to do about it from Mark Littlewood with the counterpoint of the Hong Kong experience. Nothing like a good alternative story of success to help raise the bar. •
Richard Johnson of Monitise showed “Ecosystem Economics” in action - how Monitise has aligned the economics for the mobile banking and is creating “Network Value” through the 250 financial institutions that they service. •
Richard Beggs of JP Morgan underlining
some of the critical economic figures that are driving investment thought.
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