1. The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World
By Amar Bhidé

2. NOTE: To appreciate this presentation [and ensure that it is not a mess], you need Microsoft fonts: “Showcard Gothic,” “Ravie,” “Chiller” and “Verdana”

3. *From Transistor at Bell Labs to on-line gamers.
Sustainable Innovation: Systemic. Very complex. The NECESSARY COMBINATION (very dense network) of EVERYTHING from the development of the Basic Science to numerous INTERMEDIATE Stages to Sales Recruiting and Training and Ads. Essential: Clever and numerous AGGRESSIVE CONSUMERS* (“venturesome consumption”). Path to success or failure … UNPREDICTABLE. FYI: The
World is NOT FLAT.
*From Transistor at Bell Labs to on-line gamers.
Source: Amar Bhidé, The Venturesome Economy: How Innovation Sustains Prosperity in a More Connected World

4. *Of modest value [& origin mostly
Sustainable Innovation: Systemic. Very complex. The COMBINATION (very dense network) of EVERYTHING
from the Basic Science* to Sales Recruiting and Training and Ads. Essential: Clever and numerous PIONEER CONSUMERS (“venturesome consumption”). Path to success or failure … UNPREDICTABLE.
*Of modest value [& origin mostly
irrelevant] unless the ENTIRE INNOVATION CHAIN is in place and aggressively interacting-competing.
Source: Amar Bhidé, The Venturesome Economy: How
Innovation Sustains Prosperity in a More Connected World

5. High # of Stages/Stages- within Stages Importance of
Sustainable Innovation/“Breakthrough Ideas”:
High # of Stages/Stages-
within Stages
Importance of
Intermediate Stages
(3) Engaged Mega-scrum
of Users/Consumers
as Participative/Decisive
“Pull” Mechanism (e.g., UPS
vs. FedEx)
Source: Amar Bhidé, The Venturesome Economy: How Innovation
Sustains Prosperity in a More Connected World