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The conventional asset-allocation method is like sheet music. It is prescribed, it has right answers and wrong answers and it sounds about the same every time. But jamming is different. Jamming is when you make the music. When you improvise and adapt to conditions. When you are creative.

John Kao

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John Kao
Age: 74
Born: 1950
Born: January 1
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More quotes by John Kao

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Jamming - which follows rules but not individual notes - gives you a different result each time, depending upon the players and the conditions in which they find themselves. It is adaptable to changing conditions.
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A pioneering and invaluable work about what it really takes to build innovation capability in society.
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The mark of the developed intellect is that it could accommodate two contradictory ideas at the same time.
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Creativity, my students learn, is as natural a function of the mind as breathing or digestion are natural functions of the body.
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The traditional managerial mind-set is an analytical mind-set. It is about creating accountability and defining responsibilities.
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Creativity is not like the weather: You can do something about it. And you can measure it well enough to determine its effect on sales and profits.
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Instead of command and control, managing the creative process is about facilitating and permitting.
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Managing the creative process means selecting the best people and then letting them do their work. That means nurturing. It also means, from time to time, creating drama - even uncertainty - so that the creative environment has an edge to it, a charge, and does not run out of steam.
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Obviously businesses do not operate like an artists' commune. Business involves deploying finite resources to achieve goals in a competitive environment to make money. That is something creative people understand.
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Organizations are about putting ideas through one or more types of gating procedures. In this way, ideas go from being a whim to becoming a project, from being a skunk works effort to becoming an official, mainstream effort, from being an unfounded program to a funded process, and so on.
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The C.E.O.'s job in a creativity-driven company is to be an impresario, not a manager.
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People must get respect for their new ideas.
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Coca-Cola can get really fresh output because it is getting people who are outside the traditional model and they are combining ideas in very novel ways.
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The manager's job - the impresario's job - is to preside over the company's efforts to jam so the business runs really well.
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Communication is the essential medium of a creative culture: the communal sea in which we all swim. A company that can't communicate is like a jazz band without instruments: Music just isn't going to happen.
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The impresario's job is to pick the right people who can pick the right people. He picks the people who can pick artists and relate to them. People who know what the market craves.
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The imagination is like a muscle: it strengthens through use.
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If you come up with a new product, you can very easily track its contribution to the bottom line. But often the challenge can be both large and subtle.
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