| [E100 Alert] – En Route to Dubai: Measuring KIZ Performance |
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| Dear E100: |
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It’s been our tagline for 15 years. “Innovating our future…together.” |
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| Many of you have already made plans to join us in Dubai for the World Summit on Innovation and Entrepreneurship (WSIE) – www.wsie.org. Others are juggling schedules with such short notice. Succeeding in the Knowledge Economy demands our agility and challenges our decisions on how to spend our time and resources, the most precious being our minds and hearts. |
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| Stepping up to the table… |
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| Taking advantage of Dubai, we are planning discussions on the 31st of March with a tour of the KIZ World, exploring how Phase II of the KIZ Initiative can take shape and a glimpse into the future of Knowledge Markets. E100 Mohammad Makhlouf(UAE), President of OmniOil Technologies will be our host. So, if you plan to participate, be sure to let us know. |
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| For those unable to join us, I wanted to brief you on some of the progress made in the Knowledge Innovation Zone (KIZ) Initiative. |
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What do the following enterprises have in common? |
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| Dubai Knowledge Village |
Desert Knowledge Australia |
| Medicon Valley Alliance |
The Innovation Hub (S. Africa) |
| Novo Nordisk |
Baltics Dynamics |
| Ontario Region |
Henley College |
| Hitachi Technology Systems |
United Nations |
| Global Atlanta |
World Wildlife Foundation |
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They all serve a constituency. They all allocate the resources – financial, human and technical. Their boundaries can be defined. The all have alliances. They all innovate – making progress - however that may be defined and measured. Simply stated, they are KIZ-i-motion. What differs among them is the degree to which they manage according to the flow of knowledge. |
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You are already familiar with the KIZ website – www.inthekzone.com - featuring the research performed with E100 Bryan Davis (Canada) and the KIZ Preview produced with E100 Chris Geary (UK). Many of you have seen various KIZ Briefings hosted by E100 in Latvia, Saudi Arabia, Canada and India…and more are planned. You may be surprised at the array of books, comparative ranking systems and articles that have been added in the last year. |
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| You are likely not familiar with the scope and detail with which we have now developed the Triple Knowledge Lens (i.e., BEYOND Triple Bottom Line reporting) and the 15 Value Capital Drivers – complete with the variables that influence the drivers in a fully functioning knowledge innovation system. |
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To do so, we have explored the plethora of new systems under development and in various stages of application. With the KIZ Inventory of Performance Measures, we’ve examined programs across the World Economic Forum, the UN, The World Bank, Milken Institute, Robert Huggins Associations, Booz Allen Hamilton, Regional Indexes, City Annual Reports, EUROSTAT, WIPO, The Economist, to mention a few. Examples include: |
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- Global Competitiveness Report/Index
- Network Readiness Reports
- Millennium Goals
- Statistical Databases
- Knowledge Assessment Methodology
- Competitive Industrial Performance Index
- Science, Technology & Industry Scoreboard
- Report on the Knowledge Society
- Cultural Statistics
- World Knowledge Competitiveness Index
- Global Innovation 1,000
- The Silicon Valley Index
- Statistics Canada
- Boston Foundation Indicators
- European Innovation Scoreboard
- Industrial Property Statistics
- The Patent Scoreboard
- Quality of Life Index
- Sustainability Indicators
- And more…
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| From this we were able to glean how each tracked elements related to the Knowledge-based Economy (Human Capital), Knowledge-Based Society (Relationship Capital) and Knowledge-based Infrastructure (Structural Capital). Imagine 20 years ago, Intellectual Capital (IC) was just a concept. Now, we have 150 variables that might impact intangible value. |
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| As E100 Leif Edvinsson says, “I’d rather be roughly right that precisely wrong.” So as crude as some of these measures might be, they are a real advancement beyond traditional financial and economic development measures we know. |
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Take a look at our self-inventory – Intangibles 1-15 Framework - which you can use to assess your own variables of intangible wealth. Make time to explore your own strengths and weakness. Apply it to your organizations. Contrast your results with your colleagues; and let us know what you learn! |
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Thanks to E100 Abdullah AlSubyani (Saudi Arabia), we premiered our Knowledge Economics Course in Jeddah with the Arabian Knowledge Economic Association. Of course, we used our E100 trilogy of books – Knowledge Economics: Principles, Policies and Practices - as a foundation. We’ve even discovered an Australian Society for Knowledge Economics that is worth a visit. |
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| If your organization is venturing into emerging field, let us know! |
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Further, we now have the P7 KIZ Blueprint ready for implementation – complete with background documentation, instructional materials for all 7 P’s: |
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- Purpose: for a shared understanding the trends of the Knowledge Economy and determining the TKL implications for the enterprise.
- Principles: to examine the foundations, architectural considerations and options for action-based strategies for enterprise planning.
- Process: to perform a systematic gap analysis of the relative strengths and weakness of the enterprise and create an integrated knowledge strategy and projects to affect high-performance.
- Performance: to gain an understanding of which drivers and influencing variables are most germane and - if established - would yield expected standards of results, and to put the plan in motion.
- Policies: to revisit existing policies to stimulate more effective the knowledge-based economic and financial policies to foster human and technical communications across boundaries and result in more efficient and effective innovation practices.
- Practices: to establish bench-learning, (i.e., learn from the best), to transfer those insights into the leadership and to be able to map and visualize the knowledge innovation gained.
- Prosperity: to create mechanisms to ensure constant iteration of new products and services to meet constituent needs while maintaining innovative competitive positioning.
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| You might even want to schedule a KIZ P7 Assessment for your organization, region or clients with whom you work. In fact, we now have our KIZ Proof-of-Concept thanks to E100 Oliver Schwabe (Germany); and it is in the form of a KIZ Course, thanks to E100 Raj Datta and CII (India). Just let us know… |
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And so, if you can join us on March 31st and participate in the WSIE 1-3 April, you are more than welcome. |
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Imagine the future we CAN innovate…together! |
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| Debra |
