Report from Budapest

by Jörgen Eriksson on September 18, 2011

I have spent three very productive days with colleagues in Bearing Consulting, on a conference in the classic European city of Budapest. We gathered here to collect our thoughts and discuss our current projects and development within several fields, the most exiting being the new work we are involved in related to innovation management.

The core thoughts in innovation and the impact it can achieve came from a classic economist, Joseph Schumpeter. I remember the 1980s when I studied at Stockholm School of Economics and read Schumpeter for the first time. His ideas were interesting and fresh, despite being close to 100 years old, although at that time I could not relate to them in everyday reality.

Since then, I have seen innovation completely change worklife (personal computers, e-mail, communication) and personal life (the way we organise our lives, travel, communicate). What is fascinating is that the change is not only for us priviledged living in western developed economies, it is also for people in developing countries where the mobile phone seems to have become the number one personal accessory.

The current challenge is how to apply the concept of innovation management on process assessment and development in organisations, to adopt a framework for measuring and implementing innovation in a format which is comparable between organisations. 

During our conference we have reached quite far in finding a consensus for how we as consultants can work with this with our clients.

I often feel we live in exciting times. Today here at Budapest airport I feel this way.



About Jörgen Eriksson :

Jörgen Eriksson is the founder of Bearing and is the Chairman of the firm since it was created. He has successfully expanded Bearing into covering projects on four continents. He is also Adjunct Professor of Innovation Management at the International University of Monaco and at Universitat Politècnica de Catalunya in Barcelona and he is an active member of the Founders Alliance organisation.

Working with consulting engagements across Bearings practices, he has over the past fifteen years participated in and supervised a large number of client projects, from innovation system development and place development and branding, to merger and acquisition assignments and leading edge research and business development activities for key clients.

His new book, Branding for Hooligans, will be published in 2015. It is about how innovation and branding are key survival factors in our modern times of hyper competitive markets.

Prior to Bearing, he was Director of Europe, Middle East, and Africa for Trema Treasury Management, a technology and consulting services provider, supplying financial software solutions for the global financial industry, Clients included The European Central Bank, Citibank, SEB, South African reserve Bank, Deutsche Bank, Abu Dhabi Investment Authority (ADIA), as well as many other large financial institutions and Fortune 500 companies.

Early in his career Eriksson was educated at the Stockholm School of Economics, where he studied economics, financial economics and philosophy. He then worked in Scandinavian investment banks and also for the Swedish Institute of National Defense Research.

You can contact Jörgen on e-mail, connect on LinkedIn onörgen-eriksson/0/38/8a0/ and follow him on twitter on joreri508.

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