Business in a Global City: Day 2

Today we have learned that breakthrough ideas are born not only around products & services but also around channels and methods of commercializing your innovative idea. Companies operating in IT industry are usually famous in this aspect, they know how to extract profits from customers in a ‘hidden’ scheme, invent business models where customers pay for something they would not have paid otherwise.

As every business model is being reimagined and reinvented, we need to be solving problems that have no alternatives right now. New Yorkers seems to know about this, as many business models that have been successfully adopted globally are originated in USA. It happened because companies here managed to create an ecosystem for innovation and not only to nurture individual talents within organization, city or country.

In the afternoon we have visited General Atlantic office, an equity investment company that partners with rapidly growing businesses. It was interesting to hear that innovative ideas create organizations but growth can be driven only by building a proper internal infrastructure and professional management team.  

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