Let’s not benchmark

Benchmarking is comparing one’s business processes and performance metrics to industry bests and best practices from other companies (Wikipedia) The goal is to measure how well one is doing compared to the industry’s best, to discover why they are the best, and to copy. But in here lies the problem. When you copy a competitors…

Strong Ties and Creativity

If you look for help on how to be more creative, the standard advise is to combine existing knowledge, tools, programs – you name it – in a new way. That’s what Erik Brynjolfsson and Andrew McAfee argue in The Second Machine Age. But the same message is taught by Frans Johnsson in The Medici…

How to Create and Sustain your Startup: Wisdom from Team Science

Successful collaboration are not the result of random encounters. They are not. Encounters that appear like coincidences are in reality the workings of social network mechanisms. I don’t mean social networks as in social networks sites (e.g. Facebook, Twitter), but as in the connection between individuals, connections that existed well before network sites visualized¬†these connections…

How to incubate successfully inside companies

1871, the business incubator in Chicago,¬†ranks first business incubators in the US, up from 9th place last year. A tremendous achievement. Business incubators offer startups more than a place to grow, they give them the network and tools to grow. 1817 is especially good at this, excelling in value for Chicago, value for its clients,…

Startup Institute

A startup is a bunch of people who run around like headless chicken trying to make sure that not everything burns down. Don’t like that image? It conveys the chaos that goes on in startups. Individuals who start a company have lots of energy; if you want to work there you need to be able…