Latest news with #Budden
Business Upturn
29-04-2025
- Business
- Business Upturn
Beyond Silicon Valley: How Tapping Into Innovation Ecosystems Drives Organizational Competitive Advantage
Cambridge, MA, April 29, 2025 (GLOBE NEWSWIRE) — Leaders in large organizations face continuous pressure to innovate, but few possess all the internal resources needed to keep up with rapid advances in innovation, science, and technology. But when looking beyond their own organizations, most face a bewildering landscape of external resources. In their new book, Accelerating Innovation: Competitive Advantage through Ecosystem Engagement , Senior Lecturer Phil Budden and Associate Dean of Innovation and Professor of Entrepreneurship Fiona Murray offer leaders, whether from private, public, or nonprofit sectors, a practical guide to this external landscape and a framework for strategic engagement with specialized global 'innovation ecosystems' — those geographic hubs across the globe where researchers, entrepreneurs and investors congregate. Tapping into these strategically, they stress, allows organizations to find novel ideas, resources, and talent to build a competitive edge. The Ecosystem Playbook: What, Who, and How Innovation ecosystems can be found across the globe;for example, Singapore (smart cities), London (fintech), Copenhagen (quantum computing) and Perth (advanced mining sector) among others. Engaging with an innovation ecosystem doesn't require a corporate relocation or even a significant investment of resources (often, a few employees on the ground are plenty). However, it does require patience, strategy, and a willingness to build from the ground up. 'It's not about innovation tourism,' Budden said. 'You can't just buy a few orange chairs, declare yourself an innovation hub, and wait for people to turn up.' Accelerating Innovation guides leaders through three critical questions to answer before engaging: What does the organization need from the ecosystem? Who are the right stakeholders (entrepreneurs, universities, risk capital providers) to engage? How should the organization structure its engagement? 'From our research, many leaders of large organizations often focus on how they're going to engage — through a hackathon, or an acceleration program,' Budden noted. Instead, Budden recommended starting with the first principles to identify what they're looking to get from an ecosystem. 'This is likely to lead to better results for the large organization, and is also going to avoid wasting the time of other busy stakeholders in the ecosystem,' he said. The Long View: Why Ecosystem Engagement Requires Patience With a solid strategy in place, organizations can start building ecosystem relationships. 'Senior leaders need to empower their innovation teams by giving them the time to go out into the ecosystem and see how it works. They need to work out what it is that their organization can bring to the ecosystem, not only what it needs from it,' Budden said. 'This is really about human relationships, and it takes time to build that trust, This long-term perspective often clashes with short-term pressures, Budden said. 'The key message for leaders is that this process doesn't work to the traditional rhythm of quarterly earnings or annual tax filings; the ecosystem is organic. Leaders need to have courage to set this for a few years into the future, because otherwise the markets will drive them to short termism. That's what drove Kodak into bankruptcy.' Despite the rise of remote work and increasing geopolitical uncertainty, Budden and Murray asserted that place-based ecosystems remain vital. 'In our research, we think that 'place' still matters for innovation ecosystems,' Murray said. 'And in this era of greater geopolitical uncertainty, we think that place matters even more. Leaders of large organizations need to be especially thoughtful about how they engage ecosystems outside of their bases, because they have no monopoly on innovation.' Budden believes strategic ecosystem engagement is not an option, but a necessity for organizations that want to remain competitive. 'Innovation is more than a buzzword,' he said. 'It's a real-world phenomenon that is going to separate out the fates of individual careers, of different companies, and the communities and countries in which they operate. So innovation really matters, and it's worth investing time to understand how to navigate through it.' Accelerating Innovation: Competitive Advantage through Ecosystem Engagement is now available from MIT Press. To learn more about the book's concepts and approach, watch a recent webinar with Budden and Murray. For leaders who want to train their teams on these concepts, MIT Sloan Executive Education offers an on-demand online sprint course, 'Accelerating Innovation through Ecosystems.' Attachment Accelerating Innovation: Competitive Advantage Through Ecosystem Management Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. Business Upturn takes no editorial responsibility for the same.
Associated Press
29-04-2025
- Business
- Associated Press
Beyond Silicon Valley: How Tapping Into Innovation Ecosystems Drives Organizational Competitive Advantage
Cambridge, MA, April 29, 2025 (GLOBE NEWSWIRE) -- Leaders in large organizations face continuous pressure to innovate, but few possess all the internal resources needed to keep up with rapid advances in innovation, science, and technology. But when looking beyond their own organizations, most face a bewildering landscape of external resources. In their new book, Accelerating Innovation: Competitive Advantage through Ecosystem Engagement, Senior Lecturer Phil Budden and Associate Dean of Innovation and Professor of Entrepreneurship Fiona Murray offer leaders, whether from private, public, or nonprofit sectors, a practical guide to this external landscape and a framework for strategic engagement with specialized global 'innovation ecosystems' — those geographic hubs across the globe where researchers, entrepreneurs and investors congregate. Tapping into these strategically, they stress, allows organizations to find novel ideas, resources, and talent to build a competitive edge. The Ecosystem Playbook: What, Who, and How Innovation ecosystems can be found across the globe;for example, Singapore (smart cities), London (fintech), Copenhagen (quantum computing) and Perth (advanced mining sector) among others. Engaging with an innovation ecosystem doesn't require a corporate relocation or even a significant investment of resources (often, a few employees on the ground are plenty). However, it does require patience, strategy, and a willingness to build from the ground up. 'It's not about innovation tourism,' Budden said. 'You can't just buy a few orange chairs, declare yourself an innovation hub, and wait for people to turn up.' Accelerating Innovation guides leaders through three critical questions to answer before engaging: What does the organization need from the ecosystem? Who are the right stakeholders (entrepreneurs, universities, risk capital providers) to engage? How should the organization structure its engagement? 'From our research, many leaders of large organizations often focus on how they're going to engage — through a hackathon, or an acceleration program,' Budden noted. Instead, Budden recommended starting with the first principles to identify what they're looking to get from an ecosystem. 'This is likely to lead to better results for the large organization, and is also going to avoid wasting the time of other busy stakeholders in the ecosystem,' he said. The Long View: Why Ecosystem Engagement Requires Patience With a solid strategy in place, organizations can start building ecosystem relationships. 'Senior leaders need to empower their innovation teams by giving them the time to go out into the ecosystem and see how it works. They need to work out what it is that their organization can bring to the ecosystem, not only what it needs from it,' Budden said. 'This is really about human relationships, and it takes time to build that trust, This long-term perspective often clashes with short-term pressures, Budden said. 'The key message for leaders is that this process doesn't work to the traditional rhythm of quarterly earnings or annual tax filings; the ecosystem is organic. Leaders need to have courage to set this for a few years into the future, because otherwise the markets will drive them to short termism. That's what drove Kodak into bankruptcy.' Despite the rise of remote work and increasing geopolitical uncertainty, Budden and Murray asserted that place-based ecosystems remain vital. 'In our research, we think that 'place' still matters for innovation ecosystems,' Murray said. 'And in this era of greater geopolitical uncertainty, we think that place matters even more. Leaders of large organizations need to be especially thoughtful about how they engage ecosystems outside of their bases, because they have no monopoly on innovation.' Budden believes strategic ecosystem engagement is not an option, but a necessity for organizations that want to remain competitive. 'Innovation is more than a buzzword,' he said. 'It's a real-world phenomenon that is going to separate out the fates of individual careers, of different companies, and the communities and countries in which they operate. So innovation really matters, and it's worth investing time to understand how to navigate through it.' Accelerating Innovation: Competitive Advantage through Ecosystem Engagement is now available from MIT Press. To learn more about the book's concepts and approach, watch a recent webinar with Budden and Murray. For leaders who want to train their teams on these concepts, MIT Sloan Executive Education offers an on-demand online sprint course, " Accelerating Innovation through Ecosystems.' Attachment Matthew Aliberti MIT Sloan School of Management 7815583436 [email protected]
Telegraph
24-04-2025
- Automotive
- Telegraph
The French classic car that's become a British obsession
Seventy years ago this October, Citroën caused jaws to drop when it unveiled its radical DS at the Paris motor show. With its sleek aerodynamic shape, the DS didn't only make every other car on the road look old-fashioned; it featured technology that instantly made its competitors appear obsolete. Legend has it the French firm took 12,000 orders on the first day of that Paris motor salon and the DS went on to be loved by presidents, pop stars and anyone in between. Beneath that sleek bodyshell, the DS had an all-new hydropneumatic suspension giving it a smoother ride than any other car on the road. It drove like nothing else too thanks to a clutchless semi-automatic gearchange, bespoke radial ply tyres from Michelin, disc brakes and power steering via a space-age single spoke wheel. By the time production stopped in 1975, almost one and a half million DS models had been built. In the decades since, the DS (déesse means goddess in French) has been duly deified and declared one of the most influential cars of the 20th century and its appeal continues unabated. Here, two long-standing fans explain the allure of the DS. Fans in the UK Any car fan growing up in the 1960s or 70s will likely be intrigued by the DS. That was certainly the case for Ian Budden from Buckinghamshire. The 64-year-old told us: 'I remember seeing them when we went on family holidays to France in the 1970s. It was primarily the looks that appealed.' Ross Paterson, a 43-year-old doctor from London, was similarly smitten. 'They were quite old cars in the 1980s but they caught my eye. I remember one holiday in the Loire we stumbled upon this abandoned Citroën dealership where there was a collection inside. That blew my mind and sparked an interest.' Over the last 14 years, Paterson has owned six of them. But it's his current model, a 1967 DS 21 Pallas with the semi-automatic gearchange, that he describes as the 'holy grail'. He explained: 'They changed the headlights in 1967 from round to rectangular. The purists prefer the round lights. 'That year they also changed from red hydraulic fluid to green [which made that innovative hydropneumatic system much more reliable]. So cars like mine with round lights and green fluid are highly sought after because they made them for less than a year before switching to rectangular headlights.' With its dark metallic blue paintwork and tan leather interior, this is Paterson's favourite from the six he has owned: 'Everything about it is what I'd have specified if I was buying it new.' The allure of the DS lingered for Budden too and in 2023 he bought his left-hand drive, fuel-injected 1971 DS 21 Pallas. Originally sold to an owner in Antibes in the south of France, the car went via Canada to Shetland where he bought it. Demonstrating the wonder that still surrounds the DS, Budden says he can't drive down the road without people staring at the car. Centre of attention 'We took it on holiday to France last year and people were waving and giving us the thumbs up wherever we went,' he said. 'People seem to have a real affinity with the DS. They would come up to me when I was filling up with fuel just wanting to talk about it. I even met a guy who had worked at the factory making them.' With its multiple technical innovations – Ian's car features swivelling headlamps that turn with the front wheels to 'see' round corners – the DS isn't a simple car to work on. 'Standard maintenance is fine but there's a lot stuffed under the bonnet; it's full of pipework. I installed a temperature gauge in the dashboard and taking the dials out, the wiring looked, shall we say… quirky,' Budden revealed. Budden's car is unusual in that it hasn't undergone any restoration, apart from a respray 20 years ago. 'The interior is completely original, it's a bit of a time warp,' he revealed. Paterson meanwhile had his DS completely restored over seven years. 'It had been restored by the previous owner, then left outside unloved and was completely rotten when I got it. I've had almost every panel renovated or replaced. But I didn't want to create a new car so I've tried to retain some of the patina in the dashboard.' Although famous for being years ahead of its time, the DS is also well known for its mechanical gremlins. But neither of our owners says they've had too many problems. 'So far, it's been very reliable. When we took it to France, we covered 3,000km [1,875 miles] without any trouble,' Budden said. Paterson added: 'I bought my first DS from Lyon in France and drove it all the way back to London with no problem. And this car hasn't given me any trouble either. It glides around bends; it's more like sailing than driving, with front seats like big leather armchairs.' Buying advice from men in the know Both owners warned anyone interested in becoming a DS owner to do their research. 'There's plenty that can go wrong on them,' Budden explained. 'I was only looking for a few weeks but I wanted one that didn't need any work doing to it, which narrowed down the field quite a lot.' Paterson added: 'I'd say buy the best you can afford and get one that's been restored and had all the recommissioning issues sorted. Unless you really know what you're doing, it's not viable to restore one yourself. There are a few good garages around that work on them.' With prices now ranging from anywhere between £12,000 to £40,000 depending on condition, the DS isn't a cheap classic car to buy. But it attracts a loyal following and looks as striking today as it did 70 years ago. * You can see a selection of DS models at the Classic Car Boot Sale this weekend. Held around London's Kings Cross, the event promises a combination of fashion, classic cars, music and cultural flair. One of the features is Citroën at 70 – a display celebrating seven decades of design innovation from the French manufacturer. The Classic Car Boot Sale is on April 26-27. Tickets are £7 in advance and £8 on the door with under 12s free.
Yahoo
22-04-2025
- Entertainment
- Yahoo
50 Cent Speaks To Joe Budden At Knicks Game, Cracks Joke About Their Feud
During what was already a tense night for New York Knicks fans, an unexpected courtside moment between two of hip-hop's most outspoken figures turned even more heads. 50 Cent and Joe Budden crossed paths during what appeared to be a chance encounter while attending the second game of the Knicks' first-round playoff series against the Detroit Pistons, with the pair spotted having a seemingly serious exchange with one another. At one point during the game, Fif, who was sitting courtside next to fellow Knicks diehard, rapper Fat Joe, was seen chatting with Budden, who was sitting in the row behind him. According to Fif, who posted a photo of himself and Budden supposedly taken after the exchange on social media, the conversation was apparently about previous comments Budden made regarding his mental state. He also inferred that Joe had either apologized or retracted his declaration that the G-Unit mogul 'needed therapy' following his controversial remarks in the wake of Irv Gotti's passing earlier this year. 'I ran into Joe at the game he said I don't need Therapy No More!' 50 wrote in the caption, a quote that, along with the accompanying confused emoji, expressed his apparent befuddlement over Budden's alleged change of heart. Earlier this year, Budden publicly stated that the G-Unit mogul 'needed therapy' following 50 Cent's controversial remarks in the wake of Irv Gotti's passing, an assertion that the Get Rich or Die Tryin' rapper didnt' take too kindly to. The Murder Inc. Records co-founder, a longtime adversary of 50, died earlier in the year, and 50's reaction sparked heated discussion across the internet. Budden, on his podcast, commented that the rapper's response was telling, prompting speculation of lingering unresolved issues. The Knicks, despite the star-studded crowd, fell short against the Detroit Pistons, losing Game 2 in a close 100-94 effort in front of a disappointed home audience. As for 50 and Budden, the true nature of their brief courtside chat remains ambiguous—but in classic 50 Cent fashion, the moment quickly became part of a larger narrative only he could craft. See 50 Cent's Instagram post below. More from DeMar DeRozan Throws Hands After Being Accosted By Drake Fan At Sushi Restaurant Steve Nash Admits He "Wanted To Be Black" Growing Up, Praises Hip-Hop Culture 50 Cent "Ain't Jackin" Courtney A. Kemp's Alleged 'Power' Inspired Netflix Series
Express Tribune
07-04-2025
- Entertainment
- Express Tribune
Joe Budden calls Sexyy Red's 'Hoochie Coochie' a 'degenerate' track marketed to black audiences
Joe Budden is back in the headlines — and this time, he's setting his sights on Sexyy Red and Bruno Mars. The veteran rapper-turned-podcast host slammed the duo's recent collaboration, calling it a calculated attempt to package stereotypes for Black listeners. In a recent episode of The Joe Budden Podcast, Budden didn't mince words when discussing the song 'Fat Juicy & Wet,' a provocative track that's stirred buzz across streaming platforms. While many fans mistakenly tied Budden's critique to a rumored track called 'Hoochie Coochie,' the media personality made it clear that his issue lies in how the collaboration is being presented. 'This is force-fed, degenerate content dressed up for commercial gain,' Budden said. He criticized the track as 'whitewashed' and accused the artists of exploiting hypersexualized imagery to sell records. 'It feels more like a marketing formula than real music,' he continued, adding that Bruno Mars' involvement felt like 'a costume' rather than artistic growth. Known for his no-holds-barred takes, Budden didn't stop at the song itself. He questioned the sincerity behind the high-profile endorsements Sexyy Red has received in recent months — especially from artists like Drake. 'Are these co-signs about mentorship or money?' Budden asked, suggesting the support for Red might be more transactional than it appears. 'It blurs the line between authentic collaboration and industry promo.' Budden's remarks have sparked a heated debate online, reigniting familiar tensions around authenticity, representation, and the commercialization of Black culture. Fans and critics alike have chimed in, with some defending the artists' creative choices, while others echoed Budden's concern about the direction mainstream hip-hop is taking. Joe Budden criticizes Sexyy Red's new single 'Hoochie Coochie' and implies that female rap is currently dead without Doechii and Glorilla. 👀 'Can someone fight Doechii back please, Glo is still here I'm not talking about Glo, C'mon Ice Spice' ———-Also states that Sexyy Red… — popbrains (@popbrains) April 7, 2025 Though his views are polarizing, Budden's critique taps into a broader conversation about who gets to define the culture — and who profits from it. 'In a landscape increasingly dominated by image and metrics,' he said, 'asking hard questions about intent isn't just important — it's essential.'
