New York New York. So good they named it twice!
During the Easter and ANZAC Day period I had the privilege to travel to New York, attending the Edison Awards, sparks & honey, and SA Partners book launch, whilst also meeting many great innovators from around the globe.
The main purpose of the trip was to attend the 2017 Edison Awards conference and award ceremony. Pleasingly, there were three Australian finalists representing the largest number from any country outside the US. In the final judging Australia won one gold award and one silver award which is a fantastic result. The gold finalist was the food company, Natural Evolution Foods, who has been supported by Hargraves’ member, Food innovation Australia Ltd. (FIAL is also one of our Advisory Council Members, helping connect Hargraves members and the food and agribusiness sector.)
Jeff Immelt, CEO and Chairman of GE, presented at the Edison Awards. His presentation focused on the importance of the ‘extended enterprise Hargraves Institute is proud to have developed over the last 10 years, highlighting ‘how innovation and collaboration principles underpin extended enterprises’.
More information about the Edison Awards will be shared in future blogs.
A big benefit of the trip was to meet up again with Annalie Killian, a long time supporter and alumni of Hargraves Institute. Annalie is now based in New York with the market insight company, sparks & honey. I was very fortunate to attend the daily briefing where the latest cultural and market insights are revealed, discussed and developed. This demonstrated how the best in the world work in an open collaborative environment (ref. Working Out Loud). Annalie has extended a special invitation to any Hargraves Institute members traveling through New York to also attend their daily briefing session.
Finally, I was involved with a book launch that was a collaboration between Commonwealth Bank, Barclays New York and Chris Butterworth of SA Partners, Sydney. The book outlines the power of continuous improvement tools to drive a positive culture of engagement and innovation in large organisations.
My top 3 insights:
- To be successful in the long term, Australian companies must look to compete and benchmark themselves against global companies whether export is important or not.
- The world is changing so fast that cultural insights accelerate innovation and increase the chances of success, especially as internal innovation teams focus on disruptive new products and business models.
- Creating a culture of innovation requires both a systematic approach to change habits, and engagement with external cultures across society, as no-one works in isolation anymore.
Further insights and learnings from the trip will be shared across a series of blogs over the coming weeks.
This is the first blog in the series, Innovation Insights from New York, by Allan Ryan, Executive Director, Hargraves Institute