Wikinomics Presentation

Innovation Management and Entrepreneurship

Assignment #2: Wikinomics Summary Presentation

Chapter Summary

Slide #2

• How mass collaboration affect society and companies

o Even though mass collaboration isn’t a panacea, when people organize in masses to create goods, services, and entertainment they create new challenges as well as opportunities

• Openness

o One of the four powerful ideas of Wikinomics, that point to results as growing, adding new entries, covering new niches, and always reviewing and updating facts.

• Peering

o Peering is a new form of horizontal organization that rivals the hierarchical firm in its capacity to create information-based products and services. Also, one of the four ideas of Wikinomics

• Sharing

o Sharing is a logic that can be applied in virtually every industry. Sharing of intellectual property, computing power, bandwidth, content and scientific knowledge is often the best way to build vibrant business in order to accelerate growth and innovation.

• Acting Globally

o The fourth idea of Wikinomics stating that by acting globally and not only thinking globally, you gain access to new markets, ideas, and technologies

Slide #3

• The new WEB

o The new WEB(Web 2.0) is the evolution of internet as we know it, where people are able to participate actively on a massive playground of information

• The Demographic Watershed

o Represents the future of our society. They are the persons that grow up in the digital age, and that makes them a force of collaboration

• Riding the Perfect Storm

o Now is the time where the environmental conditions (political, technological. Etc.) permit to harness the virtual world of knowledge, media, and entertainment, in order to adapt them to new strategies and business models that companies are using to innovate and rewrite the rules of competition

Slide #4

• What is Peer...