A study of the principles of wikinomics

In this blog I examine issues pertaining to entrepreneurship with a growth and success ideology. Monday, July 9, Wikinomics — How Mass Collaboration Changes Everything In the last few years, traditional collaboration—in a meeting room, a conference call, even a convention center—has been superseded by electronic collaborations on an astronomical scale. Today, encyclopedias, jetliners, operating systems, mutual funds, and many other items are being created by teams numbering in the thousands or even millions. While some leaders fear the fast growth of these massive online communities or fail to understand the power of mass collaboration, those entrepreneurs and managers that leverage the power of the internet for information sharing and innovation are reaping huge benefits.

A study of the principles of wikinomics

Open in a separate window Wikinomics is a new force or movement that is bringing people together on the net to create a giant brain mass collaboration. Linux has no employees, stock options, or corporate campuses. Wikipedia is another example of Wikinomics. Wikipedia is a free online encyclopedia that was founded in and allows anyone to edit.

A study published in Nature 1 found that when comparing Encyclopedia Britannica and Wikipedia, the exercise revealed numerous errors in both encyclopedias. Among 42 entries tested, the difference in accuracy was not particularly great: Wikipedia is a collaboratively created encyclopedia, owned by no one and authored by tens of thousands of enthusiasts.

The Internet is evolving into a global, living, computer that anyone can program. The new Web system now not only links more than a billion people directly, it is also reaching out to the physical world, connecting inert objects such as cars and also delivering new services such as free long-distance video telephone calls Skype and even enabling remote surgeries.

All theses changes, in turn, set the stage for groups of self-organized individuals to participate more actively in identifying their needs and meeting them. Additionally, the pace of change and evolving demands of customers are such that firms can no longer depend only on internal capabilities to meet external needs.

The principles of Wikinomics Wikinomics is based on 4 powerful new ideas: Openness is associated with other terms such as transparency, freedom, expansiveness, engagement, and access.

Rapid scientific and technological advances are among the key reasons for the emergence of openness in several businesses. In order to remain at the forefront, these companies must increasingly open their doors to the global talent pool outside their walls.

Traditionally, hierarchies of one form or another have served as the primary engine of wealth creation and have provided a model for institutions such as the church, the military, the government, most companies and even many dog trainers.

Peering is a new form of horizontal organization as opposed to hierarchical organization and Linux is an excellent example of peering. The development of the software continues to integrate inputs from thousands of volunteer programmers.

Sharing is also contrary to the conventional wisdom that says that one should control and protect resources and innovations, especially intellectual property, through the use of patents, copyright, and trademarks.

However this conventional wisdom shuts out the real opportunities for customer-driven innovation and creativity that could lead to new business models and industries.

The logic of sharing potentially applies in virtually every industry and so, why not within our Association. Any input from members would of course be greatly appreciated.

I would like to conclude this last presidential message by copying part of a written message that I dedicated to the first year student veterinarians of the WCVM in September Veterinary medicine is continuously evolving and growing, thus offering more and more opportunities for each and every one of us.

Some areas of practice may not yet exist and perhaps you will be pioneers in developing these new fields.

Welcome to the best profession in the world! I am of course very biased… Thank you to all the veterinarians in Canada for the privilege of being your president for —! Footnotes Use of this article is limited to a single copy for personal study. Anyone interested in obtaining reprints should contact the CVMA office gro.Jul 09,  · Greg Fisher I am a lecturer and PhD Student at the University of Washington in Seattle.

I study high growth entrepreneurial businesses. I also lecturer at the Gordon Institute of Business Science in Johannesburg, South Africa in the areas of entrepreneurship and innovation. Goldcorp, A Case Study Of Massive Collaboration. Goldcorp is a Canadian mining company. Increasingly the company suffered from fewer resources in its mines and an uncertain idea of where to look for new gold mines to explore.

Four Basic Principles of Wikinomics. Wikinomics: How Mass Collaboration Changes Everything (ISBN ) is a book by Don Tapscott and Anthony D. Williams, first published in December It explores how some companies in the early 21st century have used mass collaboration and open-source technology, such as wikis, to be schwenkreis.com: Don Tapscott, Anthony D.

A study of the principles of wikinomics

Williams. Wikinomics illuminates the truth we are seeing in markets around the globe. The more you share, the more you win. Wikinomics sheds light on the many faces of business collaboration and presents a powerful new strategy for business leaders in a world where customers, employees, and low-cost producers are seizing control.

Principles & Case Study Bertrand David 1, René Chalon, Chuantao Yin2 1University of Lyon, CNRS, study and propose appropriate approaches for collaboration & cooperation.

An integrated system is designed to organize all Wikinomics Several books [7, 8, 9] by D. Tapscott and co-authors. THE IMPACTS OF WIKINOMICS ON OPEN STUDY BASED ON SMES IN TAIWAN Deng-Neng Chen National Pingtung University of Science and Technology, [email protected] Pei-Fang Kao principles for the operation of .

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