30 Ocak 2015 Cuma

Place Branding and the Heritage of the Austrian Riviera in Croatia

The Place Branding Challenge


The globally competitive environment in which we live today makes it important for places, no matter their size or composition, to clearly differentiate themselves and to convey why they are relevant and valued options for tourists, investors and residents. Undoubtedly, places have always competed with each other, but today, following economic and cultural globalisation and collective mobility of talents and capital, the competitive environment is increasingly fierce.


Today place branding is more important than ever, and a powerful place brand strategy can mean the difference between stumbling and success, between economic growth and stagnation. Especially for attracting tourism, it is important to target the place branding strategy towards the intended geographical and cultural target markets.


clip_image002 When looking into the future of Istria (and Kvarner) in northern Croatia with the viewpoint of place branding, the Austrian Riviera heritage should be considered. A revival of the ‘’Golden age’’ ambiance can be established through well planned actions, using the heritage of the Littoral as a memory of the space.


Many projects are currently being planned for this region, and some of them are already using these guidelines as their basis. Especially when targeting to attract tourism from Central Europe, this is very important. With this article I want to present the background to the Austrian Riviera and introduce some ideas on how the glamour of the past can be revitalised.


Architecture in Croatia reflects influences of bordering nations. Austrian and Hungarian influence is visible in public spaces and buildings in the north and in the central regions. Large squares named after culture heroes, well-groomed parks, and pedestrian-only zones, are features of these orderly towns and cities. In the Austrian countries at the beginning of 19th century (to which Croatia belonged in that period), building in Classicist Manner prevailed.


Present-day parts of Croatia were located within the boundaries of Austro-Hungarian Empire as a part of these three governing areas when it dissolved:




  • Kingdom of Croatia-Slavonia as a part Translethania (Kingdom of Hungary),



  • Kingdom of Dalmatia and Austrian Littoral both as a part of Cislethania (Empire of Austria)




The Austrian Riviera


The Austrian Riviera (Croatian – Austrijska rivijera) is a description for the coastal strip of former Austrian Littoral, a Habsburg crown land which until 1919 stretched along the north-eastern Adriatic Coast.


Austrian Littoral Province was established as a crown land of the Austrian Empire in 1849. It consisted of three regions: the Istria peninsula, Gorizia and Gradišća, and the city of Trieste. Istria was divided into Croatian districts Krk, Lošinj, Poreč, Pazin, Pula and Volosko and Slovenian Koper.


The Austrian Riviera covered coastal areas south of the port city of Trieste, all the way to the Kvarner region in Croatia. In 1815, after the Napoleonic Wars, the coastal villages became part of the new Austrian Empire and the completion of the South railway (Vienna–Trieste) in 1857 not only helped to further develop trade between the two cities but also brought Viennese upper class society to the mild winters of the Littoral. The railway had substantial influence in developing tourism along the surrounding Adriatic coasts.


clip_image004 Pictured: Hotel Kvarner in Opatija


The most famous coastal resorts from that period in the Croatian area were in Poreč, Rovinj, Opatija, Lovran and Mali Lošinj. Several luxury hotels were built during this era, like Hotel Kvarner in Opatija in 1884, soon after a railway link was established between Vienna and Opatija in 1873.


Eastern shore of Kvarner Gulf was then under administration of Hungarian part of Austria-Hungary with additional resorts developing, like Kraljevica, Crikvenica and Novi Vinodolski.


In 1850, the Croatian island Lošinj became a summer residence of the Habsburg Imperial family. In 1883, the beach resort on Brijuni Islands was set up, and in 1904 the Austrian Riviera Journal was first published in Pula.


This period is sometimes also called ‘’Golden Age of the Austro-Hungarian period’’. The strong aesthetic appeal of the region has attracted visitors and many artists came to recharge their batteries. The relative closeness for the Austro-Hungarian guests, good rail connections to the cities of the Austro-Hungarian area all contributed to success and tourism development. The coast presents a charming landscape and a year-round mild climate, and Istria became a symbol of a time, a place for pleasure, relaxation and inspiration.


The perception of why this period was so prosperous is:




  • Construction of the railway all the way to Opatija, building around accommodation facilities that were invested by the “South railway“ company from Vienna.



  • The synergy of the public and private sector who were working in the same direction.



  • Organized programs for entertainment for the aristocracy in their own special way, hidden from the public eye through private parties. For the average person there was cabaret, sports, tennis, folk festivals etc.



clip_image006 Pictured: Austro-Hungarian dreadnoughts at Pula


Besides from the tourism, the region was also significant for its ports, namely Pula. Under Austrian rule, Pula regained prosperity. Its large natural harbour became Austria’s main naval base and a major shipbuilding centre.


In conclusion, it is apparent that influences of the Austro-Hungarian reign and culture were prominent in parts of Croatia, and some aspects were greatly developed. The position of the Istria peninsula and Kvarner with its mild climate and the possibility to reach it easily from the continental central Europe still make it a very desirable vacation, as well as business destination. The county of Istria and the municipalities on the Austrian Riviera and the Istrian peninsula should take this into account as they enhance their place brands, and crucial in this is to develop the place brands for clearly identified target audiences and through well-thought through channels and activities.


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29 Ocak 2015 Perşembe

How to Make More Consulting Sales: Lesson from a $3.4B Company

I recently spoke with someone a family member that works at a $3.4B company. That’s not market cap. $3.4 Billion in annual sales. Can you guess what our conversation was about? Consultants too often focus on perfection. They want all the stars to line up before taking action. They told me all about how poor […]


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28 Ocak 2015 Çarşamba

Apple delivers record earnings and iPhone sales

Apple record profits Two years ago I wrote an article about Apple, with the core message that the S-curve for Apple was flattening. My point was that Apple had problems to deliver new disruptive innovations, and that the focus after the passing of Steve Jobs seemed to be on incremental enhancements to already existing products.


I am pleased to see that I was wrong in my concerns and that Apple sustains an ability to deliver stellar profits also in the post-Jobs era. Yesterday the technology giant reported the biggest quarterly profit ever made by a public company.


Innovation in delivery and supply chain seems to be the main drivers, as there are no new product category coming out yet, with the iWatch announced but not yet available.


Overall Apple reported a 37% increase in net profits to $18bn (£11.8bn) in its fiscal first quarter, which tops the $15.9bn made by ExxonMobil in the second quarter of 2012, according to Standard and Poor’s. Record sales of iPhones were behind the surge in profits. 46% more iPhones were sold in the 4th quarter 2014 than in the same quarter 2013, driven by the highest number of first-time buyers since the smartphone launched in 2007.





Apple posts $18 billion in profit, the largest in corporate history


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26 Ocak 2015 Pazartesi

Time Management Tips for Consultants – Introducing the Pomodoro Technique

It was mid afternoon, a rainy December day here in Vancouver and I was in my flow. I was working on design ideas and sketches for a new consulting website that our team is working on, and in the background I had a podcast by Jayson Gaignard playing. When I design, I often listen to […]


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22 Ocak 2015 Perşembe

Create Your Consulting Client Magnet

The pool was cold today. At first that’s all I could think about. Then I began to swim lap after lap and as always my mind began to go into deep focus. Your marketing’s purpose isn’t only to attract your ideal clients. It’s also meant to repel clients that aren’t ideal. By the time I […]


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A Rear View Mirror – 2014 in Retrospect

keep-calm-and-go-to-your-mind-palace Dear reader, in the first three weeks of January we have published a look through the rear view mirror on the most popular articles here on The Bearing Wave during the five years since the blog was set up in 2009.


Over the years both employees and guest bloggers have expanded the scope of the blog and today it is more about leading edge ideas related to innovation, than only about the work of the management consultancy.


Today is the final article in this series, as we look back on the past year. 2014 was a year when the blog matured and stabilised with a high number of regular readers from all over the world. Below follows the five most popular articles published in 2014.


1. Comparing Place Excellence in Monaco and Dubai


Dubai marina The most popular article of 2014 was published in December, which tells about how interesting the topic was for our readers. In the article Comparing Place Excellence in Monaco and Dubai, our Research Manager Svetlana Masjutina presented a project where we have analysed the current situation and capabilities of the Principality of Monaco from the point of view of the Place Excellence concept and considering the existing world best practices and sustainable results of its execution in Monaco, and benchmarking those towards the same in the Emirate of Dubai.


Benchmarking, Innovation Radar and Sweet Spot analysis were used as the tools to assess the current capabilities. My colleague Svetlana is very talented in the subtleties of communication and analysis and the full study contains fine points that truly makes it stand out, showing the brand communication in both its open, public layers as in the undertow of modern social media tools such as Twitter and Facebook.


2. The Value of Science Parks


Mjärdevi building On November 5th. Lars-Göran Larsson had the opportunity to attend the international symposium The Value of Science Parks at Mjärdevi Science Park in Linköping. Swedish and international speakers contributed to forming The Linköping declaration together with other attendees. In the declaration six factors that contribute to a successful science park are described. These factors also constitutes the grounds for the values created by the science parks.


The symposium focused on various aspects of the future development of science parks within areas such as investors/venture capital, companies in various stages of development, incubators, project arenas/open innovation, national nodes, international trends in the science park industry, the role of property owners, the relationship to other innovative hot-spots, forms of student collaboration, the importance of policy and university collaboration.


3. Whiskey Innovation Radar


johnnie-walker-black-and-red_thumb2 With Whiskey Innovation Radar, Bearings Research Manager wrote a brilliant, ironic text, in August 2014, on how business innovation is applied to market positioning and communication in the industry of fine Scottish whiskey.


The main point is that innovation can take place in any dimension of a business system and, when innovating, companies must consider all dimensions of its business system (“The 12 Different Ways for Companies to Innovate”, 2006). A closer look at the 12 dimensions of the innovation radar can be found in this article.


4. Hotel Promotion in the Digital Age


The Grand Budapest hotel poster The article Hotel Promotion in the Digital Age was written in the passenger seat of a car during a road trip. Published in July, it became holiday hit. It is about how hotels can and should promote themselves to be seen and booked, in times when websites like Hotels.com tend to absorb the majority of bookings.


The main point of the article is that hotels can create so-called snackable content by converting the media material they already have into small, easy to digest snippets of information, using visuals and short descriptions to convey your message in frequent social media postings to travel shoppers.


5. China embarks on the route of Design as driver for Innovation and Sustainable Growth


china-chemical-plant During the month of May, our Senior Advisor Lars-Göran Larsson was invited by the Dragon Design Foundation in Beijing, People’s Republic of China (PRC), to attend and give a speech at the 2014 World Green Design Forum Summit in Yangzhou.


He then during ten days had the opportunity to take part in and exchange thoughts, ideas and experiences about a variety of views on how we shall be able to cope with the challenges evolving from four of the mega trends and the hyper competitive global markets the world is driven by today. This blog post is his travel report.


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19 Ocak 2015 Pazartesi

3 Reasons Consultants Should Start Blogging Today

Message from Michael Zipursky: I’m excited to have Sam Zipursky, my cousin and business partner share this article with you today. Sam plays an important role at Consulting Success. While much of his work has been ‘behind the scenes’ today that changes. Sam specializes in branding and design. It’s his work you’ve seen come to […]


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15 Ocak 2015 Perşembe

5 Keys to Increase Consulting Fees

“I don’t have the money to hire another employee” said the caller on the other line. I was speaking with a consulting firm owner from Jamaica. Would you prefer to work with more clients making less per project? Or fewer clients paying you more? If you’re like most consultants you opted for the second option. […]


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13 Ocak 2015 Salı

Special Pricing Strategies Training: How to Increase Your Consulting Fees

On January 29th I’m holding a special training on Pricing Strategies and How to Increase Your Consulting Fees. What would 200% or 300% more income allow you to do? For your family, employees, loved ones and for yourself? If you’d like to learn the latest strategies to maximize the value of every project you take […]


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12 Ocak 2015 Pazartesi

Östergötland – prepared to meet the global hyper competition

Östergötland Bearing has since 2009, in many different projects and roles, been involved in local and regional development projects in the Swedish county of Östergötland.


The last 2-3 years our focus has been on supporting the region with expertise and methodology in development and implementation of an enhanced quad-helix based innovation environment and definition and implementation of its knowledge based smart specialisation strategy, aligned to the EU Horizon 2020 strategy.


From 1st. January, 2015 the Östergötland County is reorganised into a fully-fledged region, named Region Östergötland. The former County Council – Östsam, has been integrated into the new body with a broader mandate. In addition to continued responsibility for a good health care and public transportations the new region also resume the task to prioritise and coordinate the efforts of the county’s development and growth. This includes regional development issues relating to business, culture and infrastructure, rural and public transport.


All these missions are now collected in a single organisation – Region Östergötland. East Sweden Business Region (ESBR) is a virtual co-operation platform co-ordinated by Region Östergötland.


East Sweden Business Region, coordinated by


clip_image003


Since Bearing first started to work for the region and several of its local communities a pamphlet of regional and local growth, and place management projects has been delivered. Here follows a few examples:




  • Project management, methodology and process support for a long term vision, mission and strategy development project to realign and raise efficiency and cooperation between the 60+ regional publically financed actors and stake holders involved in creation of regional growth. The result of this project is a new virtual regional cooperation platform called East Sweden Business Region (ESBR) still under implementation and building up. ESBR also constitutes the ground for the region’s abilities to develop, implement and bring into practise the smart specialisation strategy (RIS3) focus areas developed in a parallel process for the last 2 years (see below). Bearings contract for this project is prolonged for continuation also through 2015.



  • Project management, methodology and process support for development of the RIS3 smart specialisation strategy and its implementation in the region. This project closely involves stake holders and contributors like Linköping University, the Scientific Institutes, the Science Parks, Clusters, Trade organisations and the Business life – primarily represented by the larger global corporations. Bearings contract for this project is prolonged for continuation also through 2015.



  • Pre-feasibility study for an integrated development project placing Östergötland in the global fore front as a Digital Destination. This also included adherence to the Digital Agenda.



  • Process support to the management of Visit Östergötland in their cooperation with the visiting industry council.



  • Development of a FDI investment management manual, templates and memorandum. The city of Motala was used as a pilot case but the target group for the methodology is all the 13 local communities in the region.



  • Several place management training seminars. These lunch-to-lunch seminars has been carried out at several occasions around the region involving different types of place managers (political and civil servants) from both regional and local levels.



  • Development of a cluster initiative establishment and performance measurement strategy and model for Linköping community.



  • An aviation cluster strategy workshop for Linköping community and aviation industry stake holders.



  • Development of a cluster strategy promoting business and real estate development to support industry and society development in Linköping. Client: Sankt Kors Fastighets AB, Linköping community commercial real estate and land Development and Management Company.



  • Long term engagement as expert consultants in the regional investment programme “Framtidsföretag”, a support, education and training programme offered by ALMI Företagspartner and Linköping University directed to SME’s with good possibilities and ambitions to grow.



  • Pre-feasibility study Agrar-Biotech. In this project everything from market analysis to actor’s and potential stake holder’s active involvement, market definitions, technical evaluations and business models were scrutinized. A vision, mission and goals for development of a new business sector emanating from the combined agrarian and biotech sectors was developed.



  • Development of a strategy and document for use in internal planning and preparations for a comprehensive program for development of the city of Motala. A critical success factor for Motala in creation of growth and social development in tomorrow’s society is to be able to establish a close and deeply integrated cooperation between the local and regional business life in general, it’s visiting industry, create talent attraction, society involvement and engagement of the public sector.



  • Evaluation of CleanTech Östergötland development project SAMTO, which had defined goals to create both new businesses and clusters. Our task in this project was to evaluate to which extent the project had fulfilled its goals and by that verify that the work models and methodologies that had been created was successful and could be generically used to create “sellable” value chain based systems solutions, both within the environmental industry sector and also for more general complex integrated systems solutions.



As we have now entered into a new year we look very much forward to continue to develop our services and deliver new and challenging assignments to both the new born Region Östergötland, and of course also to our since long established partners, both regional and local.


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What to Do When Your Clients Got You Feeling Depressed

I was walking through Umeda Station. Western Japan’s largest railway hub with more than 2.3 Million passengers daily. It was late afternoon and my wife and I were going to enjoy a great night. During dinner and later at the club my mind kept swinging back and forth between the conversation with my wife and […]


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8 Ocak 2015 Perşembe

4 Easy Tests to Run on Your Consulting Website

Consultant websites aren’t the same as every other website. Especially when it comes to testing… Here’s the fact, most consultants don’t do any testing on their website. And if you’re website isn’t getting any views there’s not much point running tests anyways. But for this article let’s assume that your website is getting some traffic. […]


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7 Ocak 2015 Çarşamba

A Rear View Mirror – The Second Batch

keep-calm-and-go-to-your-mind-palace Dear reader, last week we published a look through the rear view mirror on the five most popular articles here on The Bearing Wave since the blog was set up in 2009. Today it is time to take a close look at the following five articles, the sixth to tenth most popular of all time on this blog.


Over the years both employees and guest bloggers have expanded the scope of the blog and today it is more about leading edge ideas related to innovation, than only about the work of the management consultancy.


Through your feedback and comments, we know we have gained many regular readers and in 2014 we had 58,000 visits to this website.


6. Future of the European Union – Smart specialization


RIS3 The sixth most popular article of all times on this blog is Future of the European Union – Smart specialization. It was written in 2012 about the new strategy for regional innovation system development in the European Union, RIS3 (Regional research and innovation strategies for smart specialisation) which is a clear-cut break with previous EU strategies.


Since we wrote the article, Bearing has been working on several regional smart specialization projects, including responsibility to develop strategies for the East Sweden region, as documented in this article.


7. Lean is about Values–Principles–Methods–Tools


Lean The seventh most popular article, published in June 2012, has been Lean is about Values–Principles–Methods–Tools. It is about one of the dimensions one can work on innovation through, lean manufacturing, lean enterprise, or lean production, often simply called "Lean" .


It is about a production practice that considers the expenditure of resources for any goal other than the creation of value for the end customer to be wasteful, and thus a target for elimination. Lean is very popular in manufacturing and supply chains today, but there is a back side to the coin. With too much lean, too much optimisation, there will be limited time and resources left for crucial work with innovation.


8. Intercultural Challenges–How Can We Work Together?


Intercultural-corporations The eight most popular article, written by one of our most experienced Senior Advisors in January 2013, is Intercultural Challenges–How Can We Work Together? In today´s multicultural world where talents are hired across national borders and the job market for young people go far beyond their home town, it is about how to organise and run multi-cultural organisations.


This is a huge challenge in todays business life. I remember in the 1990s when I was in charge of an organisation with people from 32 nationalities. In many ways, multi-cultural organisations reduces stress and allows for great competence growth, but at the same time the potential for situations of misunderstanding is very high and active training and work with team building are musts.


To be a good intercultural manager you need to be able to interact with other cultures, listen and observe, respect them, learn from them and see how you can create synergy effects. This means that you must create a give and take process with other cultures. You must build trust.


9. The Art of Listening


the art of listening The ninth most popular blog article, published in the beginning of 2014, is The Art of Listening. Entrepreneurs, business leaders and managers often tend to be good at speaking, telling their stories and being able to inspire others. But yet, being a good listener is equally, if not more, important than the speaking skills. Listening is an essential part of communication, and it goes beyond hearing words; it is an active process that requires conscientiousness and practice.


Being a good listener is essential to anyone who has colleagues, deals with customers or runs a business, which means that it is of significant importance for almost everyone in todays business world. Many individuals tend, however, to become numb to the noise that follows us in everyday life. If you agree with these statements, then this article is for you. If you disagree with them, then most likely it is even more so.


10. The Five Characteristics of Successful Innovators


The tenth most popular blog article of all times, published in October 2013, is The Five Characteristics of Successful Innovators. It is about the five key characteristics of successful innovators and it is a must read if you are in any way working with or interested in innovation.


Innovate - Execute banner


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6 Ocak 2015 Salı

How Consultants Added $4.63 Million in New Client Revenue Last Year

2014 was a landmark year for our clients and all of us at Consulting Success. During the previous 12 months consultants in my coaching program won an additional $4.63 Million in new client business. Many consultants doubled their business and several tripled their revenues in a matter of weeks, not years. Here’s just small sampling […]


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5 Ocak 2015 Pazartesi

Development of Pula Kulturring

Pula At the end of last year, Bearing signed a contract to develop the Pula Kulturring project.


Pula is the largest city in the Istria County in Croatia, situated at the southern tip of the Istria peninsula, with a population of approximately 60,000 people.


Like the rest of the region, Pula is known for its mild climate, smooth sea, and unspoiled nature. The city has a long tradition of winemaking, fishing, shipbuilding, and tourism and it has been Istria’s administrative centre since ancient Roman times.


image During 2014 we prepared a pre-feasibility study for an integrated project. Next in the project preparation steps is now to prepare a feasibility study, which that will be a sort of polygon and starting point for Pula application to EU structural funds.


The pre-feasibility study gave us insight into data and the stakeholder interviews and comments led us to conclusion to believe that there is clear potential to develop an integrated project of national importance, focusing on the existing assets of Pula´s unique cultural heritage as means of raising the quality of life and achieving economic growth.


However, to develop such a project will require an extensive integrated preparation phase where emphasis is not only placed on the planning for the integration, restoration and enhancement of Pula’s cultural assets, but also building on the existing place brand development of the city and engaging all sectors of the Quad Helix.


Project preparation steps


The ultimate goal is to develop the economy of Pula and the whole region through both public and private funding, although there will need to be further investigations and the inclusion of detailed planning of integrated projects in order to satisfy the European Union project check list requirements. Our investigations, and the commencement of consensus building through stakeholder consultation has clearly identified strong recognition up to the national level that that an integrated project focusing on the Pula Kulturring is of huge potential for the city, region and country.


image


In order to ensure that the project will be eligible for funding from EU structural funds, it is important to show that the investment and development of the tourist attractions through the restoration and enhancement of the cultural heritage will also catalyse the development of the Pula economy and the surrounding area and will create sustainable employment.


Having carried out the pre-feasibility study we have concluded that developing a project around the Pula Kulturring as a base and seeking to submit a funding application for European Union structural funds is of major importance for the City, the Istria Region and indeed the whole of Croatia. There is a clear potential to create a world-class tourism product.


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Webinar for Certified Management Consultants Association on Specialization and Value Propositions Is Coming

On January 13, 2015 I’ll be providing a one hour online training webinar for the Certified Management Consultants of Canada. Anyone can join. Even if you’re not a CMC or located in Canada. Just go here to register. As a consultant the first step in effectively marketing your services is to get the attention of […]


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3 Ocak 2015 Cumartesi

2015 – Innovation Year in United Arab Emirates

UAE Government meeting In December, the Government of the United Arab Emirates announced 2015 as the Year of Innovation.


The declaration follows the launch of the national innovation strategy in October 2014, which aims to make the Emirates the most innovative country in the world by 2021. The first phase of the strategy includes 30 national initiatives to be completed within three years, to help the UAE reach the top global benchmarks for innovation.


Current annual investment in innovation is worth Dhs14 billion in the UAE, of which Dhs7 billion goes to research and development. But with the new strategy innovation spending will rise significantly in the years to come.


The 30 national initiatives will cover new legislation, innovation incubators, investment in specialised skills, private-sector incentives, international research partnerships, and an innovation drive within the government. Concretely this means a series of projects focused on bringing innovation into seven sectors, namely renewable energy, transport, education, health, technology, water and space.


Abu Dhabi


The drive seems very ambitious but that is nothing new in the United Arab Emirates. The two major cities, the capital Abu Dhabi and the commercial and tourism hub Dubai, are known for their hugely ambitious mega projects. The UAE also have the funds to match the ambitious. Abu Dhabi is by far the richest city in the world with high GDP and GDP per capita and a Sovereign Wealth Fund of approximately $875 billion and the oil reserves are the seventh largest in the world.


Aldar head office building Innovation is driven by people and also when it comes to the population, there are some important facts that may help to enable innovation driven growth. In the UAE´s total population of 9.2 million, 1,4 million are Emirati citizens and 7.8 million are foreign expatriates.


Many of these expatriates are the kind of people who 100 years ago would have emigrated to United States, with creative entrepreneurial minds. This is clear for anyone visiting UAE and meeting people in the business environment. Western expatriates, from Europe, Australia, Northern America and Latin America make up 500,000 people population.


The United Arab Emirates depends on petroleum products in supporting its economy, where oil activities accounted for 49.38% of its total GDP in 2009. The UAE has been spending billions of dollars on infrastructure and construction. Much of the construction work is spectacular and tourist attractions by themselves, like the 110 meter tall headquarters of the construction company Aldar, as seen above. This distinctive building was voted the “Best futuristic Design” in an international architecture conference.


The infra structure and urban environment is now to a large extent built, and therefore, both Abu Dhabi and Dubai have developed visions where in 2030 the country will decrease its economy´s dependency on fossil fuel and the construction boom in order to stabilize the economy. Through the Vision 2030 strategy, a number of new industries have been planned to enter in order to diversify the economy.


Mezquita-Catedral_de_Córdoba Innovation is not new in the Islamic world. Especially during the Islamic Golden Age from the 8th to the 13th centuries. During this period, artists, engineers, scholars, poets, philosophers, geographers and traders in the Islamic world contributed numerous innovations to agriculture, the arts, economics, industry, Islamic law, literature, navigation, philosophy, sciences, sociology, and technology, both by preserving earlier traditions and by adding inventions and innovations of their own.


The Spanish Islamic city of Cordoba, for example, was in the 10th century the most populous city in the world, and under the rule of Caliph Al Hakam II it became a centre for education with many libraries on top of the many medical schools and universities which existed at this time. Such universities contributed towards developments in mathematics and astronomy. During these centuries Córdoba had become the intellectual centre of Europe and the city was the first in the world to have public street lights. I think the early Islamic heritage can be a great inspiration for this new drive for innovation in the 21st century.


Great Mosque of Cordoba


In Abu Dhabi, The Louvre comes to the Gulf as a part of a spectacularly ambitious development on the Saadiyat island. The island, 500 meters off the cost of the main Abu Dhabi island, is developed to host a mixed commercial, residential, and leisure district which is expected to be completed in 2020. The ambition is that Saadiyat Island should become Abu Dhabi’s cultural centre, in collaboration with western partners including Guggenheim Abu Dhabi, the French Museum Agency, and New York University.


The Louvre Abu Dhabi


The white domed roof of the magnificent Louvre Abu Dhabi is made of hunks of interlocking steel, each weighing as much as 70 tonnes. But to the visitor standing below it should feel like a floating canopy, delicate, lacy and light. Jean Nouvel, a Pritzker prize-winning architect from France, is known for his ability to distil the essence of a country and give it physical shape. His design for the new National Museum of Qatar is based on the local desert rose and he is modelling the forthcoming National Art Museum of China on the Chinese symbol for the number one.


The roof of Louvre Abu Dhabi was inspired by the interlaced palm leaves traditionally used as roofing material in the Gulf. Louvre Abu Dhabi took as its model the hugely successful Guggenheim Museum in Bilbao, in northern Spain, which opened in 1997—and extended its scope and ambition.


Burj al Arab But innovation requires not only great ideas and funding to achieve them. To succeed with business innovation, there needs to be an institutional framework that allows for private ownership of firms, rules for capitalisation and investments and not the least good contract laws and possibility for swift and fair court action in case of business problems. The last is not the least important. We know that business in Eastern Europe is slow to develop for this reason, court action in the former Communist states can take many years to resolve.


If we look at statistics, foreign investment is flooding back into the UAE. The malls are full with shoppers and business in the United Arab Emirates is booming once again. The IMF upgraded its forecast for the emirates’ economic growth in 2014 from 3.9% to 4.4%. As memories of the crisis recede, companies are remembering the reasons that make the emirates attractive. The high income of the population is one and geography is another, as the country is conveniently located between Europe and Asia, with two world-class airlines, Emirates and Etihad.


The UAE has done a lot to make life easy for firms, keeping paperwork to a minimum and moving much of it online. It comes 23rd out of 189 economies in the World Bank’s latest ranking for the ease of doing business, which is the highest in a region. It takes only eight days to set up a company, three fewer than the average for the OECD.


The spring of 2014 brought a new law intended to promote smaller firms by giving them greater access to official contracts and loans. Yet businesspeople are disappointed by a draft of a broader companies law, which is expected to be sanctioned soon. The bill fails to solve the two big problems holding back business in the emirates. First is the lack of a proper insolvency regime that makes clear the duties of a firm’s directors and the rights of its creditors if it hits financial trouble. Despite its high overall rating, the UAE comes 101st on this score in the World Bank’s ratings. Such minor matters as being late paying a phone bill may be treated as criminal offences rather than civil matters; businessmen tell tales of colleagues going to the airport only to be told they are banned from travelling.


The second issue the proposed legislation leaves untouched is foreign ownership. International businesses that set up local limited-liability companies, as most do, can own only 49% of them, and thus must find trustworthy local partners. Dubai has created several “free” zones, where full foreign ownership is allowed, but the other emirates have been slow to follow. Analysts reckon that full liberalisation of ownership would attract more businesses.


Investor protection is another worry. The UAE has made progress: its courts tend to recognise the decisions of foreign arbitral tribunals. But enforcing contracts can be tricky, and the new law does not help much. Its biggest potential benefit is its lowering of the percentage that companies must float in an IPO from 55% to 30%. This should encourage more family-owned firms, hitherto worried about losing control, to raise capital to expand.


Further legislation on insolvency and foreign ownership is promised. But when things go well in the Gulf, as they now are, the authorities tend to lose interest in reform. Still, businessmen agree that the UAE’s advantages far outweigh its still undeveloped sides.


The post 2015 – Innovation Year in United Arab Emirates appeared first on Bearing Consulting.






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2 Ocak 2015 Cuma

A Rear View Mirror

keep-calm-and-go-to-your-mind-palace Dear reader, this blog, the Bearing Wave, was set up in 2009 to allow us to write about the methodology and experiences of the management consulting firm Bearing Consulting. As you may know we have been involved in projects across the World since we got started in 2001.


Over the years both employees and guest bloggers have expanded the scope of the blog and today it is more about leading edge ideas related to innovation, than only about the work of the management consultancy.


Through your feedback and comments, we know we have gained many regular readers and in 2014 we had 58,000 visits to this website.


On this first day of a new year, 2015, we thought it might make sense to look back on what has been published on the blog and highlight the most popular articles since 2009.


1. The Lego Innovation Story


The most read blog article of all time is The Lego Innovation Story. It was written in the winter 2013 as an example of successful transformation of a leading company when it faced failure through the hyper competition of modern times.


Innovate – Execute, the modern paradigm for corporate restructuring and implementation of change.


We know that several Universities use this blog as a case study in their teaching and this is most likely the reason for its success.


2. Beyond “Triple Helix” – towards “Quad Helix”


Quad Helix HQ The second most popular blog article is a text about methodology. Beyond “Triple Helix” – towards “Quad Helix” was written by me and Christer Asplund in 2012 as an attempt to document a work model we use for regional development projects.


The article is about how to make a region innovative. To foster economic growth, innovation clusters need to draw on the power of an interrelated “quad” of sectors: public, private, civil, and academic in a new way, instead of working through the traditional Triple Helix model academia, business and government.


3. The S-curve for Apple is flattening


apple-headquarters The third most popular article has been The S-curve for Apple is flattening, which was published in 2013. It is about what it means when the s-curve for a corporations development flattens, and what can be done about it. The topic is, no surprise, Apple Inc.


The bottom line is, a strategy focused mainly on retrenchment during tough economic times, as is so common nowadays after the Great Recession, is a strategy for continued trouble during the times of recovery. And even during a period of recovery, companies can’t become complacent. Crises are a regular fixture of business life, and executives will need to focus on leaping from their existing S-curve pro-actively through developing disruptive innovation, sooner than it becomes a must.


4. The 20 Most Influential Economic Papers


IOD Pall Mall The fourth most popular article is The 20 Most Influential Economic Papers. It was written at the Institute of Directors classic headquarter building on Pall Mall in between meetings on a rainy day in London.


I wrote the text quickly and I never thought it would gain any popularity. The article highlights and provides links to the 20 most popular economics research papers from the last 100 years of the “dismal science”. Featured economists includes Hayek, Modigliani, Miller, Kuznets, Arrow, Friedman, Lucas, Stiglitz and Krugman among others.


5. 22@Barcelona – Quad Helix by the Mediterranean


Barcelona twentytwoat The fifth most popular article of all time is 22@Barcelona – Quad Helix by the Mediterranean. This is the most popular blog article that directly relates to work by Bearing Consulting and it was published in 2012.


The article is about how the city of Barcelona, and the 22@ innovation district in particular, during the recent 15 years has developed into one of the most vibrant and energetic innovation environments in the knowledge economy, and about the people who made it happen.


This list of the top five articles of all times rounds-up todays rear view mirror. Next week we will look at the articles on the sixth to tenth place in popularity.


Bearing World Map 110104


The post A Rear View Mirror appeared first on Bearing Consulting.






from Bearing Consulting http://ift.tt/1AgSjHa

A Rear View Mirror

keep-calm-and-go-to-your-mind-palace Dear reader, this blog, the Bearing Wave, was set up in 2009 to allow us to write about the methodology and experiences of the management consulting firm Bearing Consulting. As you may know we have been involved in projects across the World since we got started in 2001.


Over the years both employees and guest bloggers have expanded the scope of the blog and today it is more about leading edge ideas related to innovation, than only about the work of the management consultancy.


Through your feedback and comments, we know we have gained many regular readers and in 2014 we had 58,000 visits.


On this first day of a new year, 2015, we thought it might make sense to look back on what has been published on the blog and highlight the most popular articles since 2009.


1. The Lego Innovation Story


The most read blog article of all time is The Lego Innovation Story. It was written in the winter 2013 as an example of successful transformation of a leading company when it faced failure through the hyper competition of modern times.


Innovate – Execute, the modern paradigm for corporate restructuring and implementation of change.


We know that several Universities use this blog as a case study in their teaching and this is most likely the reason for its success.


2. Beyond “Triple Helix” – towards “Quad Helix”


Quad Helix HQ The second most popular blog article is a text about methodology. Beyond “Triple Helix” – towards “Quad Helix” was written by me and Christer Asplund in 2012 as an attempt to document a work model we use for regional development projects.


The article is about how to make a region innovative. To foster economic growth, innovation clusters need to draw on the power of an interrelated “quad” of sectors: public, private, civil, and academic in a new way, instead of working through the traditional Triple Helix model academia, business and government.


3. The S-curve for Apple is flattening


apple-headquarters The third most popular article has been The S-curve for Apple is flattening, which was published in 2013. It is about what it means when the s-curve for a corporations development flattens, and what can be done about it. The topic is, no surprise, Apple Inc.


The bottom line is, a strategy focused mainly on retrenchment during tough economic times, as is so common nowadays after the Great Recession, is a strategy for continued trouble during the times of recovery. And even during a period of recovery, companies can’t become complacent. Crises are a regular fixture of business life, and executives will need to focus on leaping from their existing S-curve pro-actively through developing disruptive innovation, sooner than it becomes a must.


4. The 20 Most Influential Economic Papers


IOD Pall Mall The fourth most popular article is The 20 Most Influential Economic Papers. It was written at the Institute of Directors classic headquarter building on Pall Mall in between meetings on a rainy day in London.


I wrote the text quickly and I never thought it would gain any popularity. The article highlights and provides links to the 20 most popular economics research papers from the last 100 years of the “dismal science”. Featured economists includes Hayek, Modigliani, Miller, Kuznets, Arrow, Friedman, Lucas, Stiglitz and Krugman among others.


5. 22@Barcelona – Quad Helix by the Mediterranean


Barcelona twentytwoat The fifth most popular article of all time is 22@Barcelona – Quad Helix by the Mediterranean. This is the most popular blog article that directly relates to work by Bearing Consulting and it was published in 2012.


The article is about how the city of Barcelona, and the 22@ innovation district in particular, during the recent 15 years has developed into one of the most vibrant and energetic innovation environments in the knowledge economy, and about the people who made it happen.


This list of the top five articles of all times rounds-up todays rear view mirror. Next week we will look at the articles on the sixth to tenth place in popularity.


Bearing World Map 110104


The post A Rear View Mirror appeared first on Bearing Consulting.






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1 Ocak 2015 Perşembe

New Marketing Book from 21 Experts (Available Free)

Here’s the deal. A few months ago I was asked to be part of a new book project. Each chapter includes the wisdom and time-tested strategies from consultants and experts around the world. Today I’m happy to announce that “Creating Business Growth” is now available. And you can get it for free! Inside you’ll find […]


New Marketing Book from 21 Experts (Available Free) is a post from: Consulting Success






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