PwC iPlace – Six Factors Behind Our Success

It is becoming increasingly important to accelerate innovation by discovering, developing, and implementing ideas that increase the speed of delivering new products and services. Here at PwC, and as in other organizations, people are bubbling over with ideas and creative ways to deliver more value to clients. There is a great opportunity with the use of social media to tap into the collective knowledge of people. We wanted to take advantage of this opportunity and created a way for our people to share, collaborate, and expand on ideas. As Thomas Edison once said – “There’s a way to do it better—find it.” And find it we did.

Just one year ago, we launched our firm’s first online idea management platform, PwC iPlace, and provided a way for our people to share ideas and find inspiration in an open and interactive online forum. As they say, “if you build it they will come”, and boy…did the ideas come. In just one year – the response has been tremendous as we’ve generated over 2,000 ideas, 10,000 comments, and 40,000 votes.

So why did we have such great success in the first year? Here are six key factors we think are why…


Michele McConomy  |  US Innovation Office Manager, PwC

It is becoming increasingly important to accelerate innovation by discovering, developing, and implementing ideas that increase the speed of delivering new products and services.  Here at PwC, and as in other organizations, people are bubbling over with ideas and creative ways to deliver more value to clients.  There is a great opportunity with the use of social media to tap into the collective knowledge of people.   We wanted to take advantage of this opportunity and created a way for our people to share, collaborate, and expand on ideas.  As Thomas Edison once said – “There’s a way to do it better—find it.”  And find it we did.

Just one year ago, we launched our firm’s first online idea management platform, PwC iPlace, and provided a way for our people to share ideas and find inspiration in an open and interactive online forum.  As they say, “if you build it they will come”, and boy…did the ideas come.  In just one year – the response has been tremendous as we’ve generated over 2,000 ideas, 10,000 comments, and 40,000 votes.

So why did we have such great success in the first year?  Here are six key factors we think are why… Leer más “PwC iPlace – Six Factors Behind Our Success”

Fast Changing Consumer Behavior Forcing New Business Models

According to PricewaterhouseCoopers’ Global Entertainment and Media Outlook: 2010-2014, global entertainment and media spending is expected to rise from $1.3 trillion to $1.7 trillion by 2014, growing at a compound annual growth rate of 5.0%. The US E&M market is expected to grow at 3.8% CAGR reaching $517 billion in 2014, from $428 billion in 2009. Fast changing consumer behavior is expected to be the catalyst of the entertainment and media industry change over the next five years,

Ken Sharkey, US leader, entertainment, media & communications practice, PricewaterhouseCoopers, notes that “… the digital pace of change has proven to be even quicker than anticipated with consumers embracing new media… and digital downloads at often-unexpected speeds… the continued fragmentation of the E&M sector will fuel greater experimentation by both established industry giants and niche players… “


According to PricewaterhouseCoopers Global Entertainment and Media Outlook: 2010-2014, global entertainment and media spending is expected to rise from $1.3 trillion to $1.7 trillion by 2014, growing at a compound annual growth rate of 5.0%.  The US E&M market is expected to grow at 3.8% CAGR reaching $517 billion in 2014, from $428 billion in 2009. Fast changing consumer behavior is expected to be the catalyst of the entertainment and media industry change over the next five years,

Ken Sharkey, US leader, entertainment, media & communications practice, PricewaterhouseCoopers, notes that “… the digital pace of change has proven to be even quicker than anticipated with consumers embracing new media… and digital downloads at often-unexpected speeds… the continued fragmentation of the E&M sector will fuel greater experimentation by both established industry giants and niche players… ” Leer más “Fast Changing Consumer Behavior Forcing New Business Models”