Describes Lake Nona, 7,000 acres of residential and research clusters in central Florida, and its process and culture of innovation, and Lake Nona Institute, an organization for planning and management of this new eco-friendly community. The focus is on institutional cooperation and management decisions for Lake Nona in "Medical City" component. Five years after the beginning of the development, the site boasts a research cluster that managed to attract scientific talent and residential interests, and put in place a joint management structure is designed to encourage innovation, trust and communication. When the president of the Institute asked to decide who the next tenant to Medical City to be, he believes that this process will allow them to grow better in the future. Focused on:. 1) the nature of cooperation in the development of new businesses, and 2) management issues mediation between hierarchical organization processes and consensus-driven structure, 3) the product development process of the developers in the emerging industry of "Hide
by Amy C. Edmondson, Sydney Ribot, Tiona Žužul Source: Harvard Business School 17 pages. Publication Date: October 18, 2012. Prod. #: 613022-PDF-ENG
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