after the storm: creation of internet economie
Post on 21-Oct-2014
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After the Storm:Post-Katrina
Creation of Creative Economies
George Howard
Topics I shall attempt to Cover(but, please interrupt)
• General destruction and (perhaps) creative renewal via tech for New Orleans
• Specific Actions for New Orleans• Relevance to firms and other economies
Main post-Katrina conditional changes
• Disrupted long-standing entrenched institutionso Bureaucratico Culturalo Psychological
Post storm shift(ing)
Architecture of closure => Architecture of participation….Brought on by sheer necessity.
*Relevant theory via Tyler Cowan =>
(*Tyler Cowen aside)
Outsiders and marginalized minorities often drive artistic innovation. Much of the dynamic element in American culture, for instance, has been due to blacks, Jews, and gays, as Camille Paglia has noted.
Outsiders have less stake in the status quo and are more willing to take chances. They face disadvantages when competing on mainstream turf, but a differentiated product gives them some chance of obtaining a market foothold.
Individuals who will not otherwise break into the market are more inclined to take risks, since they have less to lose.
—In Praise of Commercial Culture - Tyler Cowen
This has always been NOLAIt's no longer only cultural....it's innovation/entrepreneurship
by the way
it's not just New Orleans
(...but more on that in a minute)
Firms, writ large, have all recently gone through a variant
of Katrina
(back to that ominous not just New Orleans comment)
if Social Media is [insert disparaging adjective here]
why are governments "turning it off" when in crisis?
countries too
challenge and opportunity
Companies, countries, individuals, municipalities have all gone through a Katrina moment...institutions are crumbling.
Remember: Disrupted long-standing entrenched institutionsBureaucraticCulturalPsychological
Each left understanding profoundly that old paradigms (institutions) have been washed away
What emerges to fill the vacuum....
what you must do
Learn from social entrepreneurship-esque elements-team of team approaches-impact (new set of KPIs) beyond pure profit
organize "communities of interest" from a horizontal, rather than vertical, approach-this means talking with, not talking at
what you must get ahead of
Social media, etc. has given everyone a voice. Now everyone YELLS.
Same as not having a voice.
The next frontier is organization/curation/convivial communities of interest bonded around shared values--FB will struggles (as will all others who try to be all things to all people)
Thank you!
George [email protected]: @gah650