In this podcast I look at how innovation is fundamental to how businesses create value—for our markets, consumers, stakeholders, and shareholders. Innovation is the lifeblood of business, and I take the view that "chance favours the prepared mind" so that innovation occurs strategically to drive profitable growth.

Chance Favours the Prepared Mind: How Innovation and Value Creation are The Lifeblood of Firms

A visionary community leader and co-founder of Civic Square, Immy Kaur, joins us on this episode, to drive home some ground breaking thoughts on systemic transformation in our everyday living.
With deep insights drawn from over a decade of experience, Immy challenges conventional thinking about organizing at scale and highlights the urgent need to reimagine how we live, work, and relate to one another.
Touching on the power of unlearning assumptions about systems and authority, she simplifies it for us stating, "we as people build our systems and processes, and to change them, we don’t need permission."
Known for her ability to connect systemic thinking with tangible, participatory action, Immy Kaur helps us visualize how neighborhoods are a strategic site for change—"big enough and small enough" to demonstrate value creation, while fostering agency in communities.
In this episode, she explores critical themes like the fragility of existing systems, and why outdated economic models require a shift. Drawing from frameworks like Doughnut Economics, she unpacks how local, modular prototypes can demonstrate pathways toward systemic change.
She takes us through rethinking value and metrics beyond financial systems, prototyping of modular solutions to tackle systemic lock-ins and so much more.
Tune in and discover how we can reimagine everything through participatory systems to navigate the complex challenges of our times.


Key Highlights
👉 Neighborhoods are strategic sites for change as they are small enough to demonstrate deep systemic transformation while being large enough to inspire scalable solutions.
👉 Unlearning systems is the first step to fostering collective agency and unlocking new possibilities for civic innovation.
👉 Effective transformation requires balancing systemic redesign, practical action, and radical imagination.
👉 Material scarcity and ecological limits become opportunities for creativity, pushing us to innovate within planetary boundaries.
👉 Organizations and communities must rethink value, moving beyond financial metrics to embrace multi-capital approaches that prioritize social, environmental, and care-based economies.
👉 Genuine change involves shifting agency to communities, empowering them to co-lead their transitions and transformations.
👉 Modular, tangible prototypes can demonstrate what systemic alternatives look like, enabling practical steps toward change while inspiring imagination.


Topics /chapters
(00:00)		The Power of Making and Remaking - intro
(00:49)		Immy Kaur’s introduction
(02:34)		Immy Kaur’s Journey and Building Civic Square
(21:53)		What defines a civic body?
(32:49)		New frameworks, metrics, and institutional forms  for creating value
(47:50)		New Upcoming Collaborations and Institutional Agremeents
(58:03)		Breadcrumbs and Suggestions

Remember that you can always find transcripts and key highlights of the episode on our website: ⁠https://www.boundaryless.io/podcast/kaur-immy⁠

Episode recorded on Nov 12, 2024

Find out more about the show and the research at Boundaryless at ⁠boundaryless.io/resources/podcast⁠

Get in touch with Boundaryless:

Twitter: ⁠twitter.com/boundaryless_⁠
Website: ⁠boundaryless.io/contacts⁠
LinkedIn: ⁠www.linkedin.com/company/boundaryless-pdt-3eo⁠

Music
Music from Liosound / Walter Mobilio. Find his portfolio here: ⁠blss.io/Podcast-Music

#111 - The Power of Making and Remaking with Immy Kaur

Boundaryless helps global customers with Business Strategy and Organization Design for the age of Ecosystems.
We do it by creating openly accessible frameworks and by supporting a community of organizations, institutions, and individuals through workshops, training, and consulting services. 

In this space we host all our audio recordings, including the Boundaryless Conversations podcast, a show focused on exploring the future of large scale organising by leveraging on technology, network effects and shaping narratives. We explore how platforms can help us play with a world in turmoil, change, and transformation: a world that is at the same time more interconnected and interdependent than ever but also more conflictual and rivalrous. 

We used to be online at platformdesigntoolkit.com... now find us on our new website: www.boundaryless.io!

Email: hello@boundaryless.io

Professor of Entrepreneurship and Innovation.
Listed as one of the Top 25 UK Innovation Podcasts by Feedspot: https://blog.feedspot.com/uk_innovation_podcasts/

New tracks tagged #value creation