Inside Outside Innovation

Brian Ardinger, Founder of Inside Outside Innovation podcast, InsideOutside.io, and the Inside Outside Innovation Summit
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Aug 23, 2022 • 22min

Developing Workspaces that Foster Creativity with Doug Shapiro, OFS's VP of Research and Insights

On this week's episode of Inside Outside Innovation, we sit down with Doug Shapiro, VP of Research and Insights at OFS. Doug and I talk about some of the trends in office design, the importance of developing workspaces that foster creativity, and some resources that you can use to plan both your work and your home environment. Let's get started. Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Doug Shapiro, VP of Research and Insights at OFSBrian Ardinger: Welcome to another episode of Inside Outside Innovation. And I'm your host, Brian Ardinger. We have another amazing guest was always. Today we have Doug Shapiro. He is the VP of Research and Insights at OFS, which is a sustainable office furniture manufacturer. And also, the host of a podcast called Imagine a Place. So welcome to the show, Doug. Doug Shapiro: Hey, thanks. Super excited to be here. Brian Ardinger: I'm excited to have you, because you know oftentimes on our show, we talk a lot about innovation and talk about product design. And I'm fascinated by your background in this idea of place design. And designing environments that can be innovative or creative and spur that. So, I wanted to have you on the show on that. I think I wanted to start with the first question, how has the idea of place and especially the workplace changed over the years that you've worked in this space? Doug Shapiro: Well, the idea of place has evolved as we've kind of taken in also new data around not just an understanding of what place does first. But even new data around how place affects us from a health standpoint. From a mental standpoint, we understand the impact of biophilia on our brains and things like that, that we really haven't understood as deeply in the past. So, there's some scientific evolution and then there's also cultural evolution of really understanding the purpose of place and what it means for our workforce. I mean, we've all kind of gone through that here recently, where it just used to be this thing you had to go to every day to get your work done.And of course, that's evolved into being much more of a, of a center for collaboration and creativity. That's the part that I'm super passionate about is how does place support creativity. So, I'd love to get into that today with you. Brian Ardinger: Yeah. Let's talk a little bit about that. So, you know, in the past, you hear a lot about open office complex and, and this idea of collaboration and that. And you seem to have folks that really enjoy that particular way of working. And now you are seeing people, you know, working at their homes and that. What are some of the things that really make a place work for somebody? Doug Shapiro: The most important word I would say is choice. Because, you know, if you track your activities throughout a day, it's rare that you're gonna spend an entire day engaged in one part of your brain doing that same activity over and over again, right.If that's the case, you don't really need a lot of choices, but the reality is there's moments where you need peace and quiet. There are moments where you need energy. There are moments where you need to be with others. And then we also have our own neurodiversity about us. I mean, some people are very hyposensitive. And they need high energy environments. And other people are hypersensitive, and they need to be in places that are more relaxed to do their best work.So, the key is choice. I think that's the way you make environments work for people today. I'm really drawn to this evolution away from knowledge work into creative work. And I think that's a major change we're seeing in workplace today. I think it's really heavily driven by AI and the impact of AI on our jobs. So that's something I'd love to kind of get in with you and explore and see how we're moving from knowledge work to creative work. Brian Ardinger: So, tell me a little bit about what you're seeing with the clients that you're working with. And the things that you design to make it effective in that particular environment.Doug Shapiro: I think it's really, almost like a, a major cultural change to embrace maybe how far we have to go to be great at creative work. I actually, I've thought about this. Knowledge work. That phrase has been around since the fifties. Peter Drucker coined it. And what we're going through today, in fact, I heard this really cool statistic from Workplace Economic Forum, that 40% of people, office workers, feel that their jobs will become irrelevant in the next five years.That's a huge number. And so, the way I thought about looking at it is it's really not that 40% of jobs will be irrelevant, but 40% of the way you do your job right now will become irrelevant in five years. Meaning, so in, in 10 years, we're probably not going to do the jobs that we do now, the same way we do them. Right. It'll evolve. And I think AI is at the, is the undercurrent kind of shifting that. Brian Ardinger: Obviously the pandemic and, and COVID and the move to work at home has currently changed that. And I think if you would've had that question posed, you know, three years ago, how much your work would've changed. You know, most people are now very comfortable on zoom and, and all this kind of stuff. And all of that is accelerated and changed the way we work. I hear what you're saying when it comes to that, and I can see it even evolving faster over the years to come.Doug Shapiro: I agree. I think the pace will increase. So, you know, how does an environment respond to that sort of pace? Agility is, is that the key of that, you know. Investing less in physical structures that are anchored and permanent. But more in tools and structures that have the ability to keep pace with change. So, we're seeing that. We're seeing this sort of phrase soft architecture kind of emerge where people are investing in forms of separation and space creation that are more mobile and easier to manipulate. Really even from a day-to-day standpoint. So that's one way space is, is evolving. I feel like our biggest challenge is how do we get as good at creative work as we've become at knowledge work? That's the big, big shift I'm thinking about. Because I feel like our whole office system, our culture, it was based on efficiency, recording, passing, storing information. Using logic to make decisions like that was what the office culture was built on. And that is key to being great at knowledge work being great at creative work is a whole different animal and requires, I mean, it's really a sea change we're looking at. Brian Ardinger: It's interesting you phrase it that way because it very much maps to why corporates are typically not very good at innovation. You know, they've developed systems and that in place for exploitation. You know, they figured out a business model that works. They optimize for it. They hire for it. They do all that. And innovation is very much the opposite.Very much like you said, the creative side of things where you're in ...
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Aug 16, 2022 • 14min

Inside Innovation & Focused Execution: Replay with Voltage Control's Douglas Ferguson

In this episode, Brian Ardinger talks with Douglas Ferguson, founder of Voltage Control, a company focused on design sprints and getting new products to market. Douglas tries to look at the product as a whole unit and is convinced that ideas are worthless. It’s more about focused execution. Douglas brings an operators viewpoint, as he moves into consulting and thinking about Innovation from a broader perspective.  Brian and Douglas discuss some of the problems companies face, when building from within, including the desire to standardize. Companies try to jam everything together and avoid focusing on customers’ needs. For example, AT&T buys other company's services and then takes them to market. With this strategy, AT&T will never be able to provide a superb service, because they are so far from the consumer.  When companies try to innovate, often the problem is putting a lot of resource constraints on projects. Douglas uses a framework called Eco Cycles to view the innovation processes. Projects move from birth to maturity to creative destruction to rebirth. In between, there is a rigidity trap and poverty trap. Many big company projects get stuck in that poverty trap. Douglas also highlights an interesting article from Josh Baer @CapitalFactory called the Texas manifesto. In the article, it explains that Austin will never be a Silicon Valley, but that to succeed Texas needs to connect their four major cities. With that aim, Josh and others load up a bus with VCs, startups, and mentors and travel to a Texas city each month. Check it out.Austin is starting to see organizations mature and more second and third-time entrepreneurs taking more swings at bat. However, startups doing big bold things and raising large amounts of capital are still getting sucked out to Silicon Valley. To contact Douglas and read about Voltage Control check out Voltagecontrol.com  For more content like this, check out Brian's interview with Teresa Torres at Product Talk (REPLAY OF INTERVIEW - Oct, 2018)FREE INNOVATION NEWSLETTER & TOOLSGet the latest episodes of the Inside Outside Innovation podcast, in addition to thought leadership in the form of blogs, innovation resources, videos, and invitations to exclusive events. SUBSCRIBE HEREYou can also search every Inside Outside Innovation Podcast by Topic and Company.  For more innovations resources, check out IO's Innovation Article Database, Innovation Tools Database, Innovation Book Database, and Innovation Video Database.  Also don't miss IO2022 - Innovation Accelerated in Sept, 2022.
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Aug 9, 2022 • 21min

Workplace Culture & Navigating the Future of Work with Maddie Grant, Cofounder of Propel

On this week's episode of Inside Outside Innovation, we sit down with Maddie Grant, Cofounder of Propel. Maddie and I talk about the changing dynamics of workplace culture and what companies need to be doing to navigate the new future of work. Let's get started. Inside Outside Innovation is the podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Maddy Grant. Co-founder of PropelBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today, we have Maddie Grant. She is the Co-founder of Propel, which focuses on helping organizations prosper through cultural change. Welcome to the show Maddie. Maddie Grant: Thank you so much for having me.Brian Ardinger: I'm excited to have you on the show. There's a lot going on when it comes to workplace culture and the future of work. For those in our audience who may not have run into your work yet, you're also in addition to working at Propel, you're an author of several books, including Humanize, When Millennials Take Over, and I think your most recent book is The Non-Obvious Guide to Employee Engagement. You know, this whole concept of work culture, work culture is being disrupted. You know, we hear about the great resignation or the great reassessment or the great return to work. Whatever the next great thing seems to be out there. You know, what are the biggest challenges and changes that you're seeing when it comes to the world of work? Maddie Grant: What's interesting is I've been kind of researching culture change in the workplace for quite a long time. For a couple of decades. So long before the pandemic, the workplace was changing in terms of needing to be more digital. You know, advent of social media changed a lot of stuff about managing and leading in the workplace, not just, you know, marketing and communicating with your customers.So, it all started with basically the digital age. And my particular interest is actually on organizations that need to transition from the old way to the new way. Right. So, I'm not so much about startups who could basically create their own culture from the get-go. What I'm interested in is how do you take like a hundred-year-old museum and change, you know, and get them like up to the digital age. And then the pandemic happened. Right? So, a lot of the things that I was exploring in my books and my research basically happened really quickly overnight. And the big disruptor beyond of course the pandemic itself was to me, the idea that all of a sudden there was a really good reason to change how we work. Right. Right. Because if you didn't, people might lose their lives, literally. So in that respect, you're going to go remote. Like, even if you said that you couldn't or only, you know, very special VIP people could take like one half afternoon off of work on a Friday. Well, all of a sudden everybody's working from home and oh, guess what? It's actually working pretty well. It's actually, you know, people are doing their jobs and they're, they're managing, you know, what they need to manage. And they've got kids, dogs, all the rest of it at home. So, there's all these new external factors coming into it. But the work is still getting done.Brian Ardinger: So, talk a little bit about we're in a weird space now, because for lack of a better term, a lot of the pandemic's talk has, has gone by the wayside and people are returning to work. And you're seeing this push again to trying to go back to the old normal. What are you seeing when it comes to that push and pull and, and that desire to go back to the way things were and what's working, or what's not working when it comes to that?Maddie Grant: What we're seeing is that the people who want things to go back to the way they were, are almost always senior level people. So those are the people who got to where they are in the old system. And those are the ones who are very, very keen to go back to how it was. But like my partner Jamie Nadder likes to say the toothpaste is out of the tube now. So, there's some things that just cannot go back.So for example, saying that people can't do their work, can't achieve their goals or their project targets or whatever from home, you can't say that anymore because there's so much data that people were completely able to do that, you know, for the past two years. However, what I think is really interesting is there is actually value to coming back to the workplace. But that value, you know, everybody talks about, you know, the water cooler conversations and, and building relationships.And, you know, seeing people in person is better than online. You know, all of these kinds of things. But they're not defining why those things are important. Like why do we care about water cooler conversations? And in fact, water cooler conversations are actually not an equitable way of building relationships or coming up with random ideas that turn into that next multimillion dollar revenue source, because not everybody has access to the water cooler, right? Some people are not supposed to get up out of their desks for X number of hours. So that's just one example, but I think some of the most interesting work that we're doing right now is actually around the hybrid workplace. And so we wrote this eBook that was basically the four culture decisions that you need to consider when returning to the workplace.And the four are Customizing the Employee Experience. Like how much are you willing to customize? Second one is What is the Value of the Workplace, the physical workplace. Third one is Defining Collaboration and the fourth one is Supervision and Accountability. Like, so you know, that people have been able to achieve their work from home. So how does that change, how you supervise and hold them accountable in the future? And these four things are all very interrelated. But the idea is that really smart organizations will take this opportunity to rethink actually what's important about bringing people together. And they will redesign their workplace, for that purpose. And it could be multiple purposes. But you might have a group of people inside your organization who really need the workplace for quiet time. So, it's actually not about collaborating. It's about having time away from the dog and the three-year-old. For other people, it's about collaborating, but in larger brainstorming teams. So, you know, collaborating with people outside of your department. So not your regular work with your team but getting together with others that you don't normally get together with. Sometimes it might be actually very social. Like what if the workplace was now like the big cafeteria where people came in literally to eat and have coffee, and that's where you start to, you know, run into people randomly, that kind of thing.For all of those things, the reason it works or doesn't work is that you've defined that that is the reason you want people to be interacting in person. You know, so just having that thought...
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Aug 2, 2022 • 24min

Intersection of Arts and Innovation with Clive Chang, Lincoln Center's Chief Advancement and Innovation Officer

On this week's episode of Inside Outside Innovation, we sit down with Clive Chang, Chief Advancement and Innovation Officer at Lincoln Center. Clive and I talk about the intersection of arts and innovation and how people in organizations can embrace new ideas, experiments, and new audiences to create new opportunities and experiences. Let's get started. Inside Outside Innovation is the podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Clive Chang, Chief Advancement and Innovation Officer at Lincoln CenterBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Clive Chang. Clive is the Chief Advancement and Innovation Officer at Lincoln Center, which is the world's largest and best-known cultural venue in the world. Housing things like the Metropolitan Opera, New York Philharmonic, New York City Ballet, American ballet Theater, and the list goes on and on and on. So, Clive thank you for coming on the show. Clive Chang: Thanks so much for having me great to be here. Brian Ardinger: Well, I'm so excited to have you on this show because the arts and innovation are not a topic that's often covered. And you've got such an interesting background and, and role when it comes to this space. From my understanding your background, you're a musician, you're a composer, you're a businessperson. You used to work at Disney, and now you lead Lincoln Center's innovation efforts. How did you get interested in this innovation space and helping companies and organizations innovate better? Clive Chang: Thanks for asking. You know, I am a classically trained musician. I come from a long history of being an artist. And I also come from sort of a multitude of different forces and influences in my life. One of them being strict Asian parents, who forbade me from studying music in college for fear that it would never lead me to a fruitful career. And so, I was also rooted in very practical sort of traditions growing up.And really serendipitously found this intersection of business and art through pursuing studies in both fields. I will say also that as I was in my formative years and college and shortly thereafter, I was also seeing a lot of arts institutions financially flailing, right? Orchestras going bankrupt, et cetera. So that really piqued my interest. And I saw this opportunity that somebody who was trained from the ground up both on the creative side and on the business side could really fill for the world. And that was really helping creative and artistic organizations thrive. And I sort of found that niche quite early on and fueled my further training onward to really pursue that.And innovation, I think really is something opportunistic that I ran into. Right. And you don't get very many nonprofit art CEOs that say outwardly that innovation is their top priority. Right. And so, coming across Henry Timms, his appointment and his not only external commitment to innovation, but also his track record of having done it in the sector prior to coming to Lincoln Center was just too good to be true. And so, I very happily came on and have been really enjoying working with him to really reimagine some things in the sector. Brian Ardinger: It is pretty interesting when you think about artists and creatives, you automatically think of them as innovative type of spirits. Where, you know, they're constantly doing new and interesting kind of things, but oftentimes that doesn't seem to apply to the organizations themselves.Most arts organizations have been around for, you know, years or even centuries with similar business models and similar ways of displaying the arts and that. Why is it so important for institutions to level up today and think more about innovation as a core competency? Clive Chang: Yeah, you are so right. It's almost astounding that organizations that house so many brilliant creative outside of the box talents fail to really make full use of them in an institutional and organizational context.I would consider organizations like Lincoln Center legacy institutions. And while Lincoln Center is only about 60 years old, a lot of the art that's presented on this campus is centuries old, right? Very much rooted in tradition. And I think that's probably one keyword that ends up being a bit of a fallback or a crutch, that many arts organizations use, especially ones that present classical art.I always joke that the performing arts are one of the very, very few things in the world that we still as humans experience in the exact same way as we did like 200 years ago. Right. How many things in the world, can you say that about? When you think about it, we still file into a specific venue on a specific date. At a specific time. We sit for two hours, three hours, four hours. I mean, in the case of opera, it could be, you know, eight, 8 million hours. We passively watch other humans perform. We clap. We exit. The only difference today is we turn off our cell phones. Right? Because we have cell phones. So, another force I think that makes it important for us to really lean into the idea of innovating is that we're cyclical.The typical performing arts company operates in this sort of annual seasonal cycle, right? So, you have a typical fall season. You have a spring season. In our case at Lincoln Center, we have a robust summer season, where we take advantage of warm weather and we take advantage of one of our greatest assets, which is outdoor space. Which not everyone in Manhattan has obviously.So, being able to really take advantage of that, but the problem with the tradition and the annual cycles put together is that if we don't execute with the intention of breaking out of the tradition in the cycles, it just leads to same old, same old, same old, right. And that's the kind of, I think unintended inertia that really takes hold in legacy organizations, especially in the performing arts field like ours, if we don't actively push back against it and continuously challenge it. Right.Brian Ardinger: One of the interesting things that may have happened, obviously over the last couple years with the pandemic, it's forced a lot of these organizations to rethink not only in the arts, but everywhere. But so, talk a little bit about how the pandemic and made Lincoln Center adapt or think differently about what they do.Clive Chang: Right. Sometimes it does take an inciting incident, right? Or like this moment of crisis, like COVID 19 to rattle us and create that urgency to really approach things differently. In our case, I would actually frame it as to encourage us to accelerate the change. And I say that because Henry Timms, who took the reins in 2019, the year before the pandemic, you know, was very clear about innovation and institutional change as key priorities when he set his vision coming in. But you're right. What drew me back to Lincoln Center, I rejoined. I was here a decade ago and came back a month into the lockdown. And like, it's kind of an odd time to...
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Jul 26, 2022 • 25min

Innovation Models and Creative Problem Solving: IO2020 Replay with Karen Holst, Author of Start Within

In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska, thought it'd be nice to pull some of the best interviews and sessions from our IO2020 Virtual Event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found IO2022.com. And now back to the show. Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Karen Holst, Author of Start WithinBrian Ardinger: Karen Holst is the Author of Start Within. Karen and I met a couple months ago. Probably in mid pandemic. She had me on her show. She has a LinkedIn show that she hosts and you're always bringing on some amazing guests. I had a great opportunity to talk to her and talk about what's going on in innovation and entrepreneurship, and this intersection between corporate and startups and such. I'll turn it over to Karen to talk a little bit more. Karen Holst: Great. Thank you. I am coming in from New Zealand. I originally was in San Francisco and then moved to Montreal for a couple years and still had San Francisco based work. So, I never really changed my profile in LinkedIn. It was very confusing. I had these, this double life going on, where I was spending half my year in California and half in Montreal. And then had the opportunity to come to Auckland and, and it’s been an adventure, especially given the, the time that we're in right now.So, thank you for joining and I appreciate everyone sharing why they're joining here today. And I, I will tell you what I get excited about when it comes to innovation. It is unlocking people and doing this work and oftentimes that can be myself when I feel blocked up or maybe a little over my head in what I'm trying to do. Or it might be the team members and the people I'm consulting and bringing along and doing this work. So that's what I'm here to talk about today. Quick introduction on myself. My background, I had started a company after acquisition. I joined the California Department of Education and had this moment of what does it mean to innovate in a large organization, a state agency, no matter. And that being very different and that leading to writing the book. I joined IDEO and I also teach through LinkedIn learning. So that's the quick and dirty on me. I want to share a quick story on the importance of being bold and what it means to innovate and be the person that's igniting that in others. And this goes back to my ed tech startup. I was a co-founder in my early twenties and definitely feeling a little over my head.We were going after another round of funding. And I really needed to catalyze teams to think differently and start solving new challenges. And I had reached out to a woman that I, I didn't know, but she was someone I really respected in the corporate world and had grown businesses. She was gracious enough to give me 15 minutes of her time.And I sat down with her in a video call and said, explain where I was coming from and wanting to, you know, ignite passion and innovation in others. And what advice did she have for me in leading those teams? And she shared out of the gate, she said, don't bake goods and bring them into the office. You'll be seen as the mother caretaker, you know, the baker instead of the leader. And I was floored by that response. One, I'm not a baker. I would not put anyone into the, the task of trying to eat something that I make. I, I can do maybe a simple cake with a mix and cookies. But that is not something I would pride and force on my colleagues.But what I took out of that comment was, you know, assimilate. Fit in. And I looked around and I had, you know, an all-male board from our investment. And we were still looking to diversify our team and hadn't quite landed on how to do that. And so, I did slip a bit in my, what I think was my superpowers and being myself.And that is one of the takeaways is, you know, being yourself and acknowledging your strengths is a big part of this work and innovating. And also doing that with others when you're leading others. So, to be yourself with the caveat of, but better. And I think what all of this leads to is whether you're the optimistic yaysayer and that's me, or the kind of cross your arm, realistic, you know, pointing and poking holes at problems. All of those are great perspectives to have. It's trying to find that balance. And it's in yourself, it's in the teams that you lead. It's how your organization culture is built. All very important. And what it boils down to is being hard on the ideas and soft on people. So not focusing in on, you know, the person that's sharing the idea or talking about it, but really about the, the thing that's being said.And I really want to go deeper in that today. We have such a short amount of time. I'm going to go quickly. Please feel free to ask questions throughout. I can't see them. So, Brian, if you can let me know of any come in, I can slow down. I'll just kick off with, Start Within framework. And that's the book that I co-authored.And then we'll talk about the assumptions and mindsets about, around this work and go into two exercises that come from the book that you can use in your own work. Or you can take the teams. And then finish up with questions, of course. Where the book came from was again, when I had gone from my startup, I was hired within the California Department of Education to be entrepreneurial, but what that means within a larger state agency is very different. We obviously had lots of government funds and policies to work through and to be responsible around. But also needed to move quickly. It was all about bringing technology into the classroom. So that has to move quickly, but also responsibly.And it's also bringing in different ways of thinking. I was looking around for tools to do that. And there's so much amazing work out there on the culture of innovation and what leaders can do. But when you're a doer and you're tactically doing this work, I felt that there was an opportunity for Start Within in writing something about how to launch ideas within a big organization.So that's where it was born. It was focusing in on these doers. And I, I think so much about innovation is around this word that can feel very exclusive. But the people that are doing this work they're innovators. They're close to the problems that are plaguing the company, the customers, the employees. They see the problems and want to fix them.So, they're not just sitting back and saying, that's a problem for someone else. They're ready to take, you know, action. And they want to make things happen. In addition to that, the challenges, the tension is between getting them from that idea to actually seeing it through. That the organization that they work within there's often bias towards doing things the same. Even when we say we want to do, you know, innovate and do things differently, we just have this inclination to go back to, you know, status quo.There's also this amount of work outside of, you know, this idea. It's our day job, but we are hired to do...
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Jul 19, 2022 • 26min

Using Uncertainty to Drive Innovation in World-Class Restaurant R&D Teams: IO2020 Replay with Vaughn Tan, Author of The Uncertainty Mindset

In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Inside Outside Innovation is podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Vaughn Tan, Author of The Uncertainty MindsetSusan Stibal: Today Vaughn Tan will share learnings from internationally renowned cutting-edge restaurant, R and D teams on how to prepare for uncertainty and respond to it with grace and innovation. Vaughn is a London based strategy consultant, author, and professor. Vaughn's book, The Uncertainty Mindset, is about how uncertainty can be used to drive innovation and adaptability. Vaughn is also an Assistant Professor of Strategy and Entrepreneurship at University College London, School of Management. So Vaughn, I'll turn it over to you. Vaughn Tan: Thanks very much for having me and thanks also for everyone who's here. Thanks for joining me today. I just want to say a few things about myself, just as context.I was born and raised in Singapore, but these days, as Susan said, I'm a strategy professor at UCL school of management. I teach courses in how design thinking can update and. Conventional approaches to strategy and management. So I used to live in London, but at this very moment in Corona time, I'm physically located in a very rural part of France in a mountainous and volcanic region called the of van.And this is basically my apology in advance. If there are any internet connectivity problems that develop along the way. So, in any case, my focus as a consultant or researcher, and as an author is I try and understand how to design organizations that are more innovative. And more resilient to uncertainty.And these organizations include businesses, nonprofits, teams, communities. I'm particularly interested as I think the book's title and what I've just said may suggest in the role that uncertainty plays in making businesses better at doing innovation work. And I think that's maybe a little bit counterintuitive. And I'm going to unpack that a little bit more in the rest of this talk.I got here by quite a circuitous path. Quite literally a decade ago, late in 2010, I found myself in a basement kitchen of a restaurant in Washington, DC. And I was just dodging kitchen porters while watching a team of R and D chefs come up with a menu of new dishes for a restaurant. And the owner and the head chef of that restaurant group is the Spanish chef Jose Andres, who you may know because of his philanthropic disaster relief activities.There's an arrow pointing at Jose, right there. This is Jose's philanthropic side project, you know, which eventually turned into a huge one. If you're in the US, I think he's quite famous there. People know about him. It's called World Central Kitchen. And what they do is they create field kitchens for emergency food relief during natural and, and other disasters.The thing that many people don't know is that World Central Kitchen is able to spin up these field kitchens to produce hundreds of thousands of meals a day very quickly because, it's how they organized. Right. So they use a very unusual way of thinking about how to design their teams, to be able to go from a very small, permanent team, to a large operation in any particular disaster setting that they choose to go into because of how they're organized. And how they're organized is actually about what I call The Uncertainty Mindset. Because Jose's way of thinking about how his teams get organized for his for-profit organization. Think food group is actually the same way that he infused into what World Central Kitchen does, So, I'm going to come back to this in a little bit. I wanted to say also a little bit about how I came to study culinary innovation. It was all by accident. I did my PhD at Harvard Business School. And when I went in, I was interested in understanding how to organize innovation teams. And this focus for me was because of my experiences before starting the PhD. I'd just come from working at Google in California. And while I was there, I worked on some really unusual teams doing quite interesting innovation work.We were basically trying to develop parameters for new problems to solve. So, the first team I was on at Google back in 2005 at the very dawn of ad tech, as we know it today was trying to create an automated ad unit targeting engine. It didn't work then, although some of the machine learning foundations have been baked into the rest of Google AdWords and Ad Sense. But I was also on the launch team for street view, which is one of the rare hardware business units at Google while working at earth and maps. And I also worked on Google's Space flight program, which was actually in partnership with the XPRISE foundation, where we tried to put a Lunar Lander on the moon, an unmanned Lander. And I also worked on structured data. I worked with the Pure Research Group on a new structured data storage and management product, which while it was still externally available was called Fusion Tables. And it's now used exclusively internally to run the data layers for earth and map. I sort of burned out a little bit at Google and I left just before the 2008 global financial crisis to make furniture. I went to work at a wood studio in an art foundation in Colorado. And the strange thing is when I got there, I found again, something that felt a lot, like all the really interesting teams I worked with at Google.It was an interesting network of people who came together to try and develop new techniques for working with materials. I guess the thread that connected all those bits of my former life before academia was that I was exposed to this wide range of teams and businesses that were all pretty good at coming up with new problems to solve and solving them well.And so, when I decided to do a PhD about organization, my main question was something I think you all are interested in too, right? How do you organize companies and teams, so that they're good at coming up with new ideas so that they're innovative companies. So, it was pretty early in my doctoral research and I was casting around for a research project to like really work on, to write a dissertation about.And if you know anything about Singaporeans, you know, that we're really interested in food. So, this is one of my favorite dishes from Singapore. It's called Bak Chor Mee which basically means pork mince noodle. And it is a kind of innovation in itself. Like every stall that makes this, usually the people who make this dish only make one thing. And everyone develops their own kind of interesting take on what this dish should be.And the ones who are really good have made it very distinctive. But anyway, we're very interested in food. And so, Jose who I didn't know at the time was giving a lecture at Harv...
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Jul 12, 2022 • 23min

No Code Concepts, Tools, and Plans: IO2020 Replay with Doc Williams, Brand Factory Founder & Build With Me Maker

In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Brian Ardinger: Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage in experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Doc Williams, Brand Developer, Founder of Brand Factory and Maker of Build With MeSusan Stibal: Doc Williams is here to show you how to best utilize this new field of building without code and what concepts, tools, and plans you need to begin creating. Doc Williams is a brand developer, founder of Brand Factory and maker of Build With Me. Doc is also an entrepreneur who has worked with everyone from ESPN to App Sumo. So, Doc, I will let you take it away. Thanks for coming. And I can't wait to hear your presentation. Doc Williams: Well, thank you so much for having me. I really do appreciate it. I'm so excited. Saw the other presenters earlier today. I'm just so excited to be here. So, I'm gonna get right into it because I'm excited about No Code. I'm gonna be talking about how I can help you. And I have a small presentation, but again, this is about how I can help you. And if you're new to No Code, if you do not know what it is or you've heard the term and you're not so familiar, we gotcha. Don't worry. We got you in this Presentation and we're going to go through this a little bit. We're going to go through this. Okay.This discussion today, we're going to be talking about an Introduction to No Code. Okay. And again, I don't want to talk about myself that much. So, I'm going to go through this very quickly. Just wanted to tell you a little bit about myself. So again, I run a six-figure consulting business and strategy. I also help startups integrate tech, so everything from telling their story to actually building that tech stack. So, I've worked from copywriter front end dev. I've been a CTO a few times. A CIO, blah, blah, blah, blah. All that kind of stuff. So more importantly, I just get to work with some great people. That's what I like doing. So, we're going to have to stop looking at my picture as I'm looking off into the sunset for a moment. We're going to be talking about the world is changing really quick. And Brian was talking about this in the intro to the Summit, and I cannot agree with that more. Right now, we see a huge shift of technology and what's going on in the world. 83.5% of small businesses experienced a negative effect with the COVID pandemic. 72% of the world startups saw that their revenue fell and 56% of the US workforce holds a job that is compatible at least partially with remote work. So, there's a lot of things happening all at the same time. And people are scrambling to come up with new ideas or to test new ideas, lean out their business, and you can be doing all of that by using the power of No Code. And so, we're going to be talking about why you need to be ready for this new age and using No Code as an innovation. So, the first question is before we even get started and how you can be using no code, it's important to understand what No Code is. So, what is it? Let's go with a definition real quick. No Code is a development platform that allows programmers and non-programmers to create apps and programs, using visual tools instead of traditional computer programming languages.Oh, that was a lot. So, the TLDR, what is it? Building visually. So, a lot of times some people are already using no code tools and they did not know that but basically allows you to do things that usually took what programmers were doing, writing code. So here are a few no code services. Now there's a whole other discussion. If you want to know the difference between no code and low code. But here are a few no code services that I use almost daily. So, there's Bubble, Air Table, IFTTT, Elementor, Zapier, Hopin, Repurpose.io. Okay. Those are a lot of different tools. Now what we're going to be talking about, this is the Intro to No Code. So instead of delving into very specific platforms, we can talk about it in the Q and A, and that's not a problem, but instead of just talking about all of these different services, what's really important is looking at areas to disrupt the industry and how it can help you figure out what you want to get done in your business. So, in the chat, please let me know.Yep. Has anyone tried Amazon's HoneyCode? Yes. I did a whole breakdown video on that about three weeks ago as well. Yes. We're going to be talking about a lot of these things. If you're thinking about like seeing the handle, not the tool. Tons of times, if you only think about the tool you're going to see, like, only if it's a hammer, you're just going to see about how you can hit nails. Right? If you've got a Catana, it's the same thing. You're just going to be slicing things up. So, instead of thinking about just the platform, think about the handle. What are you trying to accomplish? And then we can go into the right kind of platform. Now also too, just to let you know, I have a YouTube show called Build With Me.And so, I build three different businesses with one No Code tool every single Wednesday night. And also, I do tech reviews for App Sumo. So right now, I'm up to 453 tech reviews for them. And then, for the show we've done like a hundred episodes. So, we just passed 300 businesses with No Code tools. So, let's get right into it.If you are trying to use no code and you're trying to speed up your design process, no code can be perfect for this. Designing complex websites and applications, it takes a lot of time, but with no code, you can do this really quickly. So again, if you are having a problem and I want it in the chat, if you're dealing with a design problem, you need to mockup things very quickly. We got you. What about another one. Automation. Perhaps you're doing a lot of manual tasks. For example, one of our, one of the clients that we were working with, they were working with a big manufacturer, and they were manually still filling in invoices and filling in all of these different things. Well, we had a No Code tool that automatically you set up the boundaries of reading different boxes. So, when people scan their order and instead of retyping it, taking all that manual work, it just looks at the numbers, looks at the letters, and then it just automatically does everything for you. So, and it already puts it into the system. So again, what tasks are you looking to solve as well?The other one too, is architecture. So, system frameworks. If you're thinking about email marketing, SOPs, lead generation, complex, the complex tasks, we can talk about architecting a way for you to be able to solve those problems as well. That is the three main ways. And really the reason we went through the three ways, and we looked at it this...
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Jun 28, 2022 • 26min

Designing Resilient Remote Teams: IO2020 Replay with Steph Smith, Trends.co / The Hustle / Hubspot

In honor of our upcoming IO2022 Innovation Accelerated Summit, which is happening September 19th and 20th in Lincoln Nebraska. Thought it'd be nice to pull some of the best interviews and sessions from our IO2020 virtual event. So, over the next few weeks, check out some of our amazing speakers and grab a ticket for the upcoming event. We'd love to see you there. Tickets and more information can be found at io2022.com. And now back to the show. Inside Outside Innovation is a podcast to help new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Interview Transcript with Steph Smith, Trends.co / The Hustle / HubspotBrian Ardinger: We are excited to have Steph Smith here with the Hustle and Trends to talk about one of these amazing new trends that we're seeing. It's the whole move to remote work. Steph is the Head of Trends and Product Manager at the Hustle, which is a great newsletter, if you don't subscribe to that. Trends is their exclusive group. And I I've got to say it's, it's one of the best groups out there to talk about new things that are happening out there, new business leaders, things along those lines. She's got a new book out called Standing Out in 2020. Doing Content Right. And I know she's been doing a series of sessions on that. It's an eBook. You can check it out at stephsmith.io. She's been blogging for a ton of time. And she's also been in this world of remote work. Been a digital nomad for a while. So, with that, I'm going to just turn over to Steph. And we'll talk the trend of remote working. Steph Smith: Sweet. Thanks so much. That was a great intro, Brian. Today, I'm going to be talking about something that I care a lot about. I saw some other people in the chat mention that they've been working remotely for a long time. Two, I'm going to be talking about thinking past the office and designing what I call resilient, remote teams. And I do this in a little bit of a different way than I think most presentations on this topic are, which give you a lot of super, super concrete, like you must do this. I like to think of this more so as how do we think about what has changed? What does that mean? And what can we learn from this? So, I use three books and I'll get into that in a second to actually convey some of these points. But just quickly, I don't want to talk about myself very much. Brian gave me a great intro. All you need to know is that I have been working remotely for the last four or five years now. And I did that originally at a company called Top Tell, which was one of those kind of remote first companies built from the ground up to be remote. Now I work at a company called The Hustle and I've done some remote training for different companies. And in general, have been nomadding around for the last couple years as I work remotely. So that's enough about me. Let's talk about where we are in this world. As I mentioned before COVID there was a series of companies I'd say only a couple dozen of scale that were built up to be remote. From the ground up, they said, you know what, we're never going to have any offices. Or if we do, we're going to be remote first. Companies like Zapier Basecamp, Web Flow. All these companies were built from the ground up to facilitate positive remote working environment. Now, as we all know, you saw this kind of trend, the slow trickle of people that were searching for remote work overtime. This is Google trends from 2004 to present. Then as we all know, 2020. crazy year. We see this big spike and we're all remote, whether we want to be or not. And this includes huge companies like Google, Cora, Coinbase. Shopify that at least are either going to be remote for several, several years or in some cases like Shopify have just claimed that they are now remote first from here forward. The question then becomes with all of these companies with now millions, if not billions of people that are kind of thrown into this new environment, what happens. What happens to these organizations that weren't built from the ground up? Like Zapier, Base Camp, or Buffer. Some of the questions that I have here, allude to what I'll be talking about in this presentation. So how does remote work or the shift influence how people interact with one another? How does it influence the social fabric or culture of the company? How does this change how potentially leaders should or can operate at these organizations?And in general, this all brings me back to the title of this presentation. How do we build resilient teams? And resiliency in this case means teams that thrive in the environment that they're put in, right. It doesn't feel like they're kind of pushing against walls. It doesn't feel like there's friction to achieve certain things.It feels like they're put in an environment where they're put in a place to succeed by nature, by the nature of the environment that they're in. So, as I said, this presentation is really based on three books that I've read and, and I think are excellent. It's Give and Take, Algorithms to Live By and The Four Tendencies.And I like using books like this to really frame these conversations because these books are actually not based on remote work at all. They're based on human psychology. They're based on how people interact in given situations or environments. And then I just layer on a question. Is this still true with remote work or how does this change as people go from an in-person environment to remote. And so, we'll talk specifically about how giving and taking behavior may change with remote work. We'll talk about how we can design systems. So, using something From Algorithms to Live By, Game Theory. How do we incentivize people to actually act in their best interest? Because they don't always do that on their own. And how do we in general make remote work sustainable. And then I'll talk about the potential archetype of remote worker using this four tendencies framework. To preface the three books and the three things that we'll talk about, I want to jump back to summarize where we are.So, we as a society had a majority of people working in offices. And now we have a majority of people working remotely. And I like to kind of facetiously say that when you work in an office, you work in a box. And that box is predefined for you. And even though it's a little facetious in terms of the analogy, a lot of that is true in the sense that you have a lot of things, whether it's, you know, where you're physically working, how you're working exactly, when you're working. A lot of that is super predefined for you. And for some people that's actually better. Some people that's worse. I'm not trying to ascertain whether one is better or worse, but the idea is that before you had a lot of things mapped out for you, right? And now when you're working remotely, the way, the analogy that I like to give is that box is kind of like stripped clean.So, you get rid of the walls, you get rid of exactly when, how you work. And now a lot of people are left to figure out how t...
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Jun 14, 2022 • 20min

Investing in Emerging Markets, Startup and Corporate Innovation & Market Dynamics with Courtney Powell, COO and Managing Partner at 500 Global

On this week's episode of Inside Outside Innovation, we sit down with Courtney Powell, COO and Managing Partner at 500 Global. Courtney and I talk about investing in emerging markets, the differences between startup and corporate innovation, and the current market dynamics that startups and corporate should be paying attention to.Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started. Interview Transcript with Courtney Powell, COO and Managing Partner at 500 GlobalBrian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today we have Courtney Powell. She is COO and Managing Partner of 500 Global. Welcome to the show. Courtney Powell: Thank you so much for having me. Excited to be here Brian. Brian Ardinger: In a certain way, it's coming back to our original roots of the Inside Outside podcast. Where the original podcast episodes were an inside look at startups outside the valley. And we thought, hey, what better way to have a conversation around that then inviting you to talk about what's going on at 500 Global. Because for those who may not be familiar with 500 Global's $2.7 billion under assets and management. You've invested in probably 2,000 to 3,000 startups around the world. And 45 Unicorns have come out of that, in nine different countries. So, you've definitely been on the forefront of looking at what entrepreneurship is outside the valley. Can you talk about your journey into this innovation space from entrepreneur to corporate innovator to venture capital? Courtney Powell: You kind of mentioned a little bit about 500's history in terms of starting in the Valley, but then pretty quickly deciding to invest worldwide. So, I actually came to know 500 pretty early into my own entrepreneurial journey.So, in 2010, I was based in Austin, Texas. And I had already actually been a part of a really early startup that had done well. But I joined when I was 19. So, one of the first employees with the two other gentlemen who started it. I kind of watched firsthand as that company went from literally being, I remember it so clearly in my mind, it was like a yellow legal pad that they were describing the technology on that they wanted to do. The company was called Boundless Network and they were trying to create automated group buying software for corporations who wanted to buy pens and koozies. And drive down the cost by having this kind of group buy system. So I saw really up close what it was like to go from this legal pad to raise what I think amounted to, you know, more than $50 million ultimately.And the company then got acquired down the road by Zazzle's. I saw this journey and right away knew that this was my calling. I wanted to start companies. And so about five years after I started working at Boundless in 2010, I launched my own company, which at the time was really early in marketing automation consulting.So, I was doing Salesforce implementation, also marketing automation consulting. That taught me a lot about what it was like to run my own company and particular consulting firm, which you know, has a lot of challenges. A few years into that, I was struck with an idea for my first tech startup. And that was around helping consumers when they had problems with big companies like Time Warner Cable, or Airlines, or, you know, Telecoms or all these other companies.So long story short, I started the company in Austin. And in Austin, the venture network at that time was very small. It's still relatively small, but very, very small then. And I remember feeling like, okay, I don't really know how to get plugged in to the network here. I am a female, a young mother trying to raise capital. I'm the only woman in the room and, you know, in 99% of the cases. And somebody told me about 500. So, 500 had just started, you know, they were a year, I guess, into existence. And I made my way to the Valley. Applied to the accelerator. Got into one of their early accelerators. And that was really my first introduction to the world of Silicon Valley. And having received investment from 500. After that, I then ran that company for a few years before shutting it down. And then got into building consumer real estate tech.And I eventually became CEO of another company called Agent Pronto. Which is still up and running. Ultimately it got acquired by Fidelity. And then after my time at Agent Pronto, I joined Keller Williams. And I joined Keller Williams, not as a real estate agent or at the brokerage level, but at the parent company level. Where I focused not just on building out consumer tech initially, but eventually got into corporate dev.And began helping them to diligence companies, look at investment opportunities, and long story short decided that, you know, I wanted to move it to venture someday and see the other side of the table and eventually made my way to 500. Brian Ardinger: Excellent. I want to dive into 500 and what you're doing now. And can you talk a little bit about the strategy that 500 has employed to uncover high value opportunities in under-invested markets?Courtney Powell: Yeah. So, you know, as I mentioned, it was really two things that 500, I like to say, got right. One was this idea of diversification. You know, especially when 500 started in 2010, the idea of investing in a 100, 200, 300, 400 companies a year was very, very new and controversial. Diversification was really important.And then as I mentioned, also investing outside of the Valley. Even when 500 was looking for example, to move the office from Mountain View to San Francisco in 2013, that was still odd. Let alone the idea of, you know, investing today in over 80 countries. That really just came from the belief that we knew that there was talent everywhere. And really, it was just a matter of being able to pair that talent and those opportunities with capital. And I would also say the practices that maybe were commonplace in Silicon Valley, that in other countries and other regions, weren't yet as mature as what we were used to in the Valley. So that combination of both the investment practices. The friendliness toward founders. The standardized terms. You know, the combination of really wanting to not just provide capital, but also make sure that we were bringing founder friendliness, standardized terms, to these other regions and just trying to, you know, meet these founders who were creating incredible ideas and definitely had the skillset to be able to take things forward. That was really the spark and the ethos that has built 500 into what it is today. Brian Ardinger: It's interesting. You talked about some of the positive benefits that the Valley brings as far as when it comes to venture, and that. Can you talk to maybe some of the bad habits that venture capital in Silicon Valley, you try to avoid when going into different markets?I think about some of the things of over-indexing, for example, as you have to be a Stanford grad or things a...
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Jun 7, 2022 • 18min

Understanding Market Opportunity in the Longevity Economy with Susan Golden, Author of Stage (Not Age)

On this week's Inside Outside Innovation, we sit down with Susan Golden, Author of the new book Stage (Not Age). Susan and I talk about the $22 trillion market opportunity in the emerging longevity economy from education to workforce to healthcare and housing. Let's get started. Inside Outside Innovation is the podcast to help the new innovators navigate what's next. Each week, we'll give you a front row seat into what it takes to learn, grow, and thrive in today's world of accelerating change and uncertainty. Join us as we explore, engage, and experiment with the best and the brightest innovators, entrepreneurs, and pioneering businesses. It's time to get started.Brian Ardinger: Welcome to another episode of Inside Outside Innovation. I'm your host, Brian Ardinger. And as always, we have another amazing guest. Today, we have Susan Golden, author of Stage (Not Age): How to Understand and Serve People Over 60, The Fastest Growing, Most Dynamic Market in the World. Welcome to the show, Susan. Susan Golden: Thank you so much for having me.Brian Ardinger: To give a little background. You've got a lot of experience in this particular space. You teach at the Stanford Graduate School of Business. You're a Mentor at Techstars Future of Longevity Accelerator. And a thought partner with Pivotal Ventures on their Caregiving Innovation Initiatives. I think the first question I'd like to ask is what drew you to this topic and exploring this $22 trillion market opportunity called the longevity economy.Susan Golden: Great question. I have a background in public health and then went into venture capital in life sciences and health services. And I actually took a career break, which is part of what the book is about. That many people are going be taking career breaks if they're living 100 year lives. And went back to school. And Stanford had just started a new program called the Distinguished Careers Institute, for people anywhere from their fifties to their eighties, come back and rethink what they want to do with the next chapters of their life. Because they're living much longer. And nobody should be thinking about retirement in their sixties because they have another 30 or 40 years to go.And I learned about longevity at Stanford. There's a wonderful center on longevity that is thinking about how do you plan for the 100 year life. And it's very dynamic and it's not just about the typical impression that most people have, that all older adults are elderly, declining, frail need a whole variety of services.Some will, and most of us will need something at some point in the end of our lives. But most people are going to be living very vibrant lives well into their eighties. And this has created a whole new economy that most people just don't know about. And particularly investors and innovators don't know about it.Traditionally, if I asked my venture capital friends, why aren't you investing in this? They would say, oh, this is about senior housing and fall prevention and medication management. And that's a piece of it, but there is now, as you said, a $22 trillion worldwide market right here in the United States.Right now, it's estimated to be about $8.6 trillion. As over 10,000 people are turning 65 every day and they're going to be living long lives. And over a third to a half of children being born today can expect to live to their 100s. And this longevity economy now includes all their spending, the stimulating new jobs that are being created for their products and services.And companies are beginning to rethink their longevity strategy. Not just for products and services, and how could they have a multi-generational. But also, how to have a workforce that's multi-generational. And how to take advantage of that. And most people don't realize that people over 50 have most of the wealth. They're responsible for 56% of consumer spending and 83% of wealth in the United States. So this is a gigantic market opportunity, gigantic innovation opportunity, and a great need to support healthy aging as our population is going to grow in this category. Brian Ardinger: So, with the fact that it is growing and there's this massive opportunity, what are the biggest misconceptions out there? Why do you think more people aren't exploring this at this point?Susan Golden: I don't think they fully understand the vibrancy that most older adults are in. And that they're in multiple stages. And they tend to lump all older adults in one category. All people 65 and older, or whatever demarcation one takes 70, 75 when there's great diversity in aging. And I think we should be thinking about ageless people. But more and what I argue for in the book about stage, some companies have done this well. They recognize what stage of life somebody is in. So, they may be in a re-purposing stage or transitioning out of one career to another. They may want continuous learning and educational opportunities as I, and all my colleagues who've done the DCI program at Stanford were in. To refocus what we want to do next and what are our life priorities. But there's other traditional consumer facing industries that people haven't thought how to reinvent them for people with longer lives and how to support their health span. And this includes housing alternatives and home modifications, fashion and accessories, education as we mentioned, entertainment, travel, you can think of that just virtually every consumer opportunity that is going to have a burgeoning longevity customer that needs to be understood. And so, understanding what stage somebody is in, will give you a much broader perspective about their needs. There may be a caregiving stage even. Brian Ardinger: In the book you talk about, you have five kinds of key stages. Can you walk through what those stages are? And what's important about them. Susan Golden: So, I came up with the concept of 18 life stages that could be divided into five quarters of life. And I know that's funky math. But people traditionally think about life in three stages, which is your education, your working stage, and then your retirement stage. And now I think we have to think much more broadly.So, I think about the first stage of life as sort of your growth stage. And when you're launching and you're first and beginning to experiment. And in your second quarter, you have different stages where you're doing continuous learning. You're developing some financial security. You might be caregiving, parenting, optimizing health. And then the third and fourth stages I think are what might be considered new. Which is, I call them the Renaissance Stage where you're reinventing what you're doing. You're repurposing, you're relaunching. You may be transitioning, may have a portfolio of things that you're doing as I do. You might be an entrepreneur or an “olderpreneur” as people often say. And then the later stages are maybe where some people think about more about their legacy planning for end of life. But people are living to 100. So, I put in a fifth quarter because we just don't know what that whole new paradigm is going to look like. And how people are going to be using those extra years. Brian Ardinger: Well, a lot of it has been driven by other parts of th...

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