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The Creative Economy Prof. dr. Velimir Srića

The Creative Economy - demcg.me · • Butan – success is measured not by the GDP (Gross Domestic Product) but by the GDH ... • Former military outposts along the Adriatic = campuses

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The Creative

Economy

Prof. dr. Velimir Srića

EDUCATION

Gymnasium Classicum, BBA, MS IT

Management, MBA - Columbia

University, New York, PhD

Management Information Systems

Why me?

EXPERIENCE

Tenure professor Zagreb University,

Visiting associate professor, UCLA, Los

Angeles, Slovenia, Austria, China, B&H,

Montenegro, Hungary Dubai… The Club

of Rome member, World Bank expert for

Change Management

Member of Croatian Government,

President - Alps-Adriatic R&D

Committee, President Zagreb City

Assembly, IT and management consultant

INSPIRATION

PERSONAL

Guitar, foodball, chess, tenis,

poetry, film, travelling

Books

The Creative Economy

• John Howkins (2001) - economic systems where value is based on creative qualities rather than the traditional resources (land, labor, and capital)

• Compared to creative industries, which are limited to specific sectors, the term is used to describe creativity throughout a whole economy

• The narrower, culture-based models concentrate on arts, design and media

• Creative economy occurs wherever individual creativity becomes the main source of value

UN Creative Economy Report

A Few Numbers

• The creative economy – audiovisual products, design, new media, performing arts, publishing and visual arts – is one of the most rapidly growing sectors of the world economy

• World trade of creative goods and services totaled US$ 624 billion in 2011; more than doubled from 2002 to 2011

• It is also a highly transformative in terms of income generation, job creation and export earnings

• Between 2002 and 2011, developing-countries averaged 12.1 % annual growth in exports of creative goods

The UN Report Conclusions

• Recognize that the CE generates non-monetary value that contributes significantly to achieving people-centred, inclusive and sustainable development

• Understand that investing in the CE makes culture a driver and enabler of economic, social and environmental development processes

• Stress the fact that the CE helps reveal opportunities through mapping local assets of the creative economy.

• It pays off to invest in local capacity-building to empower creators and cultural entrepreneurs, government officials and private sector companies.

UNESCO Creative Cities

My British Experience

• Tech City, Reading Thames Valey Project, Creative Hubs • Fabrica: 'an educational institution, research workshop and

studio with a desire to positively impact upon social and cultural change‘

• Institute of Making: 'a cross-disciplinary research club for those interested in the made world’

• Bethnal Green Ventures: 'is an accelerator program for people who want to change the world using technology'

• Watershed: 'is a cross-artform venue and producer - sharing, developing and showcasing exemplary cultural ideas and talent‘

• Repair Café: ‘is a global network of free meeting places and they’re all about repairing things: together'

The Creative Society

• There’s a growing need to change everything:

– Institutions (democracy, market, corporations, universities…)

– Culture (values, e.g. harmonious instead of disharmonious, cooperation vs. competition)

– Leadership (win-win, creativity, multiculturality)

– Infrastructure (crowdsourcing, crowdfunding, bitcoin, social networks, cloud…)

Change in Institutions

• The corporation as we know it, which is now 120 years old, is not likely to survive the next 25 years. Legally and financially yes, but not structurally and economically.

Peter Drucker

• Banking is necesary but banks are not!

Tom Peters

Why Culture?

We cannot solve our problems with the same thinking we used when we created them

Albert Einstein

FIVE MONKEYS

Sorce of Competitive Advantage

• Small and imature: Resource Management (money, raw material, plant&equipment, people, knowledge…)

• More mature: Process Management (ISO standards, ERP, best practices…)

• Sophisticated: Organizational Culture (leadership, creativity, communication, conflict management, teamwork…)

Creative = Different

• Workers evaluate their bosses • Reversed pyramid • Strategy by consensus • Organizations based not on fear but on harmony • No titles, ranks or positions • Employees can say “No” • Each person “creates” his workplace • Self-formed (organic) teams • Innovation: 99% technology, 1% organization

• Endless Creativity • Full Adaptability • Inspirational Environment

– Ideas compete on equal footing – Innovators&hackers are heroes – The tasks are chosen, not administred – Authority does not depend on position – Hierarchies are natural, not imposed – Teams are self-organized – Leaders serve – Resources are attracted by idea quality, not by budget

Internet = CE Paradigm

Old paradigm

INITIATIVE

CREATIVITY

PASSION

OBEDIENCE

FORMAL EDUCATION

DILLIGENCE

New paradigm

FORMAL EDUCATION

DILLIGENCE

OBEDIENCE

INITIATIVE

PASSION

CREATIVITY

New Values in Hiring…

The Future is Here

• Googleplex: You have access to everything except what you cannot have access to

• W. L. Gore – no hierarchy, no organizational charts, no titles or rank • Butan – success is measured not by the GDP (Gross Domestic

Product) but by the GDH (Gross Domestic Happiness • Firm Yell goal – Yearly increase of employee satisfaction by 20% • Grameen Bank – Societal Company – dividends are reinvested in

socially relevant projects (Nobel prize winner Muhammad Yunus) • 3M – 15% of employee time is devoted to development of new ideas • In USA 60% of CEOs believe that the main sources of innovation are

not scientists, consultants and universities, but the company’s own employees

• Crowdsourcing, Crowdfunding • Live-Work-Play Revolution

Croatia 2020 = Creative Economy

• An island for Bill Gates

• Former military outposts along the Adriatic = campuses

• Croatian Diaspora: strategic partner

• European partners from the Far East (China)

• Organic food from the minefields

• Knowledge islands network

• Cruisers – floating universities

• Lifestyle tourism

• Summer software camps