Rainforest Rev: Who Created the Economy?

THE BIG PICTURE


Who Created The Economy?

Evonomics
Economic prosperity was an evolutionary phenomenon. The more people trade and the more they divide labour, the more they are working for each other. The more they work for each other, the higher their living standards. The consequence of the division of labour is an immense web of cooperation among strangers. Read more…

The Dawn Of The “Craft Economy”?

Innovation Observer
Small companies can now compete with larger players, and even disrupt them with the ferocity not imagined just a few decades ago. The real question of today is how small and large companies can work together to ensure global economic growth through innovation. Read more…

How The Arts Add To Urban Economies

The Atlantic
A recent study finds substantial evidence that performing arts organizations can help cities attract talent, spur innovation, and grow their economies. These organizations can be the proxy for the broader creative and cultural climate of a city. Read more…

To Succeed As An Entrepreneur, Focus On The 5 Golden Priorities

Entrepreneur
Five priorities to serve as entrepreneurial groundwork: innovation, profitability, cash flow, culture and improvement. Read more…

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The Surprising Startup Hub That’s Second Only to Silicon Valley

Inc
The Nordic countries, particularly Sweden, have the highest percentage of unicorns per capita in the world, and have developed more successful brand-name billion-dollar startups. Read more…

How A Nation Of Tech Copycats Transformed Into A Hub For Innovation

Wired
China’s old attitude has been swept aside by a surge in prosperity. There is a new level of confidence and boldness in the country’s young urban techies. Read more…

Despite Unrest, The Israeli Tech Ecosystem Is Flourishing

Tech Crunch
Global capital is streaming into Israel, despite the regional instability. The Israeli venture ecosystem has more than doubled in two years. Read more…


Rainforest Rev: Does Corporate Culture Really Matter?

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The Big Question: Does corporate culture really matter?

Capital Ideas, The University of Chicago Booth School of Business
Corporate culture is the key determinate of the firm’s reputation. Culture acts as an overarching framework for employee behavior. Leaders demonstrate and set examples for others to follow. As the company grows, employee selection and training become the levers to inculcate the company core values. Read more...

Building A Rainforest Firm: Lessons From Silicon Valley

BuiltWorlds
Promote leaders who are “keystones” in leveraging the collaborative potential of your team. They will be brokers of trust and cooperation among everyone else in the firm. Read more…

An Evolutionary Approach to Sustainability Science

Social Evolution Forum
If the strength of selection on groups for resource conservation is stronger than the strength of selection on individuals for greater consumption, costly conservation practices and group-beneficial policies are likely to emerge. Read more…

7 Ways to Nurture Your Creative Soul

Entrepreneur
The bias of our perspective is rooted in our expertise; it influences the way we see the world. Step into the worlds of your teammates and study their processes and understand their methodology.  It can in turn provide insights on what you can tinker with your own creative process. Read more…

4 Key Ingredients For Creating An Ideas Incubator

Fast Company
Large companies must find a way to make these incubator initiatives feel like meaningful, all-or-nothing endeavors, much like how entrepreneurs feel. To stay on top through innovation, corporations need to adopt the hands-off stance of an investor. Read more…

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Engineers Meet Artists: Discover the Startup Ecosystem in Bristol and Bath

The Next Web
There’s a burgeoning startup ecosystem in Bristol and Bath, which form part of the so-called Silicon Gorge in the south west of England. Read more…

Silicon Prairie: Tech Startups Find A Welcoming Home In The Midwest

National Public Radio
One of the secrets to the economic success of Lincoln, a city with one of the lowest unemployment rates in the country, is a surprisingly strong tech startup community that is part of what some in the region are calling the Silicon Prairie. Read more…

These Are the 20 Richest Cities in America

Bloomberg Business
San Jose, San Francisco, and Seattle house more headquarters of the world’s largest technology companies than other places. These cities are also some of the most productive hubs in the U.S. economy. Read more…


Rainforest Rev: Reinventing the Company

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Reinventing The Company

The Economist
Startups are redesigning the basic building block of capitalism. The disrupters are reinventing how business works. They are also reinventing what it is to be a company. Today’s startups are pioneering a new sort of company that can do a better job while exploiting new technology. Read more…

How Can Your Company Create A Culture Of Innovation?

World Economic Forum and Knowledge Wharton
We need to learn the art of celebrating failures and the lessons from those failures, so that people push the boundaries, try new things, experiment, co-create with the customers and build an environment that is full of innovation, and that keeps you progressing in short bursts along with your customer. Read more…

Innovation Isn’t So Much About The Eureka Moment

PBS Newshour
The processes to create the Reebok Pump & helmet impact sensor were mundane and tedious. First they establish a clear objective, then conceptualize what they want to do, explore what materials they need to build the product, and then assemble it. Read more…

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An Orange Carpet for Entrepreneurs

Kauffman Foundation
Four years after the White House launched the Startup America project, more than 60 nations have emulated the effort in different ways. The StartupDelta was set up to establish the Netherlands as one of the top three most attractive startup ecosystems in Europe. Read more…

Brunei Darussalam: A Time for Stock Taking

Southeast Asian Affairs
Brunei’s government is moving beyond the oil and gas industry, which has dominated its country. Progress can be seen in three clusters of domestic business enterprises: small/micro industries in services or products; Information and Communications Technology-related enterprises, and large industries through foreign investment and joint ventures. Read more…

The Best and Worst Countries to Run a Business, According to the World Bank

The Wall Street Journal
The top 10—the most business-friendly countries—were largely unchanged from last year, with Singapore holding its No. 1 ranking and the U.S. still in the No. 7 spot. Eritrea, Libya, South Sudan and Venezuela were ranked the worst countries to try and run a business, respectively. Read more…


Rainforest Rev: Innovative Organizations and Design Firms

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The Innovative Organization: Learning From Design Firms

INSEAD
Design firms align their innovation processes to discern unarticulated, even unconscious, user needs. Designers generate new ideas based on user insights within an atmosphere of freedom and playfulness. Producing fast and cheap dummy versions to test out concepts means that even when the experiments flop, failures are not negative events but learning experiences. Read more…

Winds Of Change At Dyson

Fast Company
The company’s innovation team comes up with a dozen prototypes, which are modeled and shown off to other engineers every week. The most promising, no matter how seemingly far-fetched, are sent to James Dyson himself. An engineer could work up his prototype and have it in hand by the end of the day.  Then comes the long testing process. Read more…

Why Lego’s CEO Thinks More Grown-Ups Should Play At Work

The Huffington Post
Playfulness is at the root of creativity. Injecting a sense of fun into work situations gives everyone permission to be more authentic and to take risks. Out of that comes greater innovation, more collaboration and richer learning. Read more…

Five Ways To Make Innovation ‘Sticky’

The Brookings Institution
Unfortunately, America’s ability to capture the benefits of the domestic scale-up of U.S. technology innovation remains spotty.  Making innovation sticky depends on strengthening local ecosystems. Read more…

Are Big Cities Still A Primary Engine For Scientific Innovation?

National Public Radio
Groups of people who are thinking about similar things – when they get together, they’re much more productive than if they were not together. A new analysis from Stanford University suggests that, when it comes to invention and to scientific innovation, it’s not as important as it used to be. Read more…

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Michigan State University Business Librarian Book Report

Northern Lakes Economic Alliance
If you are going to create new products or services, then The Rainforest Blueprint is insightful in helping you to conceptualize the goal of developing innovation capability and to plan the steps to carry it out. Read more…

Global Cities 2015: The Race Accelerates 

A.T. Kearney
Sixteen global cities dominate with their ability to attract and retain global capital, people, and ideas, as well as their future prospects. New York, London, Paris and San Francisco lead in the latest research. Read more…

Iran’s Digital Start-Ups Signal Changing Times

BBC
Western business people returning to Iran in the wake of the nuclear deal may be surprised to find plenty of entrepreneurial drive from a new generation of online start-ups, which have appeared despite years of international sanctions. Read more…

Santiago’s Startup Culture In ‘Chilecon Valley’

The Wall Street Journal
Start-Up Chile in Santiago provides entrepreneurs with $40,000 and a six-month residency visa to launch their businesses. The government aims to turn the city into Latin America’s innovation and tech hub. Read more…


Rainforest Rev: Emotions That Make Us More Creative

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The Emotions That Make Us More Creative

Harvard Business Review
Recent research suggests that the critical variable influencing one’s scope of attention is not emotional valence (positive vs. negative emotions) but motivational intensity, or how strongly you feel compelled to either approach or avoid something. Read more here.

Rules Of Engagement: How To Tango With Startups

Forbes
Big companies should create an ecosystem that encompasses partnerships with different types of entities. Also, they should build a portfolio of engagements that represents the different stages of innovation, from generating ideas to buying a technology to acquiring a company. Read more here.

Collaborative Innovation: Transforming Business, Driving Growth

World Economic Forum
European corporates and start-ups must collaborate more and better on innovation if Europe is to remain internationally competitive. Read more here.

How To Hack Creativity

The Next Web
Understanding the way your brain works and regularly training it can help you better exploit your limited creativity reserves and increase them over time. Read more here.

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Improving The Mongolian Labor Market And Enhancing Opportunities For Youth

RAND Corporation
Despite a recent slowdown, Mongolia has experienced dramatic economic growth in the 2000s, exceeding global trends. Foreign direct investment, mining, infrastructure spending, and strong fiscal and monetary stimulus measures have driven much of this growth. Read more here.

How Blazing Internet Speeds Helped Chattanooga Shed Its Smokestack Past

CNET
Chattanooga is building the largest and fastest Internet networks in the Western Hemisphere. It has attracted billions of dollars in new investment and a flock of entrepreneurs to the city. Read more here.

Getting To Cambridge

The Economist
A marriage of academia, private money and entrepreneurial savvy—exemplifies that of Cambridge. What began with the creation of business parks to host enterprising dons and their doctoral students in the 1970s has grown into the most exciting technology cluster in Europe. Read more here.

Women Make Strides In Business Ownership

The Wall Street Journal 
The growth rate of new businesses remains stalled, but the share of women-owned firms has climbed. Read more here.


Rainforest Rev: Human Capital and Celebrities’ Secret Invesments

THE BIG PICTURE


The Human Capital Report

World Economic Forum
Talent, not capital, will be the key factor linking innovation, competitiveness and growth in the 21st century. To unlock human capital, governments, business leaders, educational institutions and individuals must each understand better the global talent value chain. Read more here.

Innovation Ecosystems: A New Way of Seeing 

Go Productivity
An ecosystem is a nonlinear complex adaptive system, and is therefore not the sum of its parts. It constantly adapts to changes in the environment – often in unexpected ways. Within the system there are dynamic networks of interconnections, and creation, destruction, survival and evolution. Read more here.

The Celebrities Secretly Funding Silicon Valley’s Next Stars

The Washington Post
A growing number of Hollywood actors and musicians who have turned their attention up north in recent years, pouring their personal wealth into some of Silicon Valley’s hottest startups. Read more here.

What Steve Jobs Was Missing About Innovation

The Globe and Mail
In Simon Sinek’s book, Start with Why, he pushes readers to discover their purpose, cause, or belief that inspires them to do what they do. To better understand the connection between passion, innovation, and a clear “why” is to help you to gain clarity on why your company exists. Read more here.

THE LATEST NEWS


Adobe Kickbox Gives Employees $1000 Credit Cards And Freedom to Pursue Ideas

Forbes
Adobe puts the creative process in a box, packed with exercises, suggestions, and a checklist of six steps. Each box contains a set of actions that employees complete to reach the next level.  This makes the concept of innovation a lot less abstract. Read more here.

New Generation of Rwandan Entrepreneurs Offer Tech Solutions to Farmers’ Dilemmas

PBS Newshour
The rise in entrepreneurship in Rwanda was planned. By 2009, entrepreneurship classes were mandatory in secondary school. The government also runs workshops, radio programs and contests aimed at promoting entrepreneurialism. Strong entrepreneurship is equated with patriotism and nation-building. Read more here.

The State Creating the Most Green Jobs Is…Georgia?

Fortune
Georgia is beating out previous frontrunners like California and Texas.  Georgia is now No. 1 in clean-energy employment growth. Conservatives and left-leaning environmental groups pushed the state legislatures to support third-party solar-panel leasing. Read more here.

A Step Forward for ‘Womenomics’ in Japan

The Wall Street Journal
Japan raised the pressure on companies to hire more women and promote them to management, a key part of Prime Minister Shinzo Abe ’s efforts to revive an economy hobbled by a shrinking population. Read more here.


Rainforest Rev: Bias and Being Nice

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Please, Not Another Bias! An Evolutionary Take On Behavioral Economics

Evolving Economics
A large part of our evolved behavior involves our desire to signal important traits and qualities to potential mates, allies and rivals. Our evolved minds are sometimes out-of-sync with our modern environments. An evolutionary lens provides a guide as to what people are looking for in a product. Read more here.

It Pays To Be Nice

The Atlantic
What an organization is a bunch of people trying to do something together. The goal of a business is to get the members of the organization to put the good of the organization ahead of their own personal good. Read more here.

The World Needs A Secular Community Revolution

This View of Life
We’re less religious than ever, lonelier than ever, and the loneliness is making us unhappy and unwell. Solution? Building secular community to provide opportunities for people to establish high-quality social relationships that are intergenerational and diverse.Read more here.

Teamwork Gives Us Added Personbyte

Financial Times
The word “personbyte” describes the amount of knowledge that one person can reasonably know. The way to escape the constraint of the personbyte is to work in larger teams. More complex products require elaborate networks of teamwork and collaboration. Read more here.

My Real-Life Shark Tank: Tips For Winning Startup Pitches

By Victor Hwang, CEO & Co-Founder of T2 Venture Creation, from Forbes
The recent winner of TechCrunch Disrupt’s Startup Battlefield provides tips on how to win startup pitch contests, and tips for judging contests too. Read more here.

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From Casino Past To Entrepreneurial Future: Reno Remakes Itself

By Douglas Erwin, a friend and collaborator of T2 Venture Creation, from Kauffman Thoughtbook
EDAWN (Economic Development Agency of Western Nevada)created an entrepreneurial development strategy that leveraged the concepts from Brad Feld’s Startup Communities and Victor Hwang’s The Rainforest: The Secret to Building the Next Silicon Valley. Read more here.

Top Countries & Industries Luring Global Talent: A LinkedIn Study Reveal

Entrepreneur
New data from LinkedIn shows certain professionals are moving away from countries like India and flowing into places like the United Arab Emirates. Tech and telecom play a prominent role among the most active migration countries. Read more here.

How Europe Is Finally Taking On Silicon Valley

Fast Company
The E.U. is taking legal and regulatory action that would boost local upstarts and rein in U.S. tech giants. The European Commission has proposed a plan to update and unify commercial regulations across Europe. Read more here.