Don Tapscott and Anthony D. Williams present the sequel to their groundbreaking and bestselling Wikinomics, with new ideas and applications for mass collaboration.
“New force “mass collaboration” and argued that it was reaching a tipping point where social networking was becoming a new mode of social production that would forever change the way products and services are designed, manufactured, and marketed on a global basis.”
““Today’s health care institutions are like the old media: centralized, one way, immutable and controlled by the people who created and delivered it. Patients are passive recipients.””
“In the new world of wikinomics, the lines between sectors and institutions are blurring.”
“Mass collaboration provides an attractive alternative to the hierarchical, command-and-control management systems that are failing many of our key institutions.”
“As with today’s Internet, the printing press caused calamity, confusion, and disruption in many aspects of society.”
““That is what real revolutions are like. The old stuff gets broken faster than the new stuff is put in its place.””
“So, smart firms treat intellectual property like a mutual fund—they manage a balanced portfolio of IP assets; some protected and some shared.”
““Proudly found elsewhere””
“”We participate, therefore we are.””
“Joseph Schumpeter, the great economic theorist, maintained that businesses must either embrace new technologies by giving up old methods and products or cede the market share to those who will.”
“The hardest challenge for anyone who wants to transform their institution for the networked age is to deepen and broaden the culture of collaboration.”
Printing gave humanity the written word. The Web makes everyone a publisher. Printing enabled the distribution of knowledge. The Web provides a platform for networking human minds. Printing allowed people to know. The Web enables people to collaborate and to learn collectively.Highlighted by 39 Kindle customers
Ushahidi highlights a profound contrast between a set of deeply troubled and stalled institutions that revolve around industrial age thinking and hierarchical organizational designs versus a new set of bottom-up institutions that are being built on principles such as openness, collaboration, and the sharing of data and intellectual property.Highlighted by 37 Kindle customers
Social networking is becoming social production, where self-organizing groups of peers can design and produce everything from software to motorcycles.Highlighted by 33 Kindle customers
Organizations can succeed and even thrive in this new environment by embracing the five principles of wikinomics: collaboration, openness, sharing, integrity, and interdependence.Highlighted by 31 Kindle customers
wikinomics, defined as the art and science of mass collaboration in business, becomes macrowikinomics: the application of wikinomics and its core principles to society and all of its institutions.Highlighted by 27 Kindle customers
“That is what real revolutions are like. The old stuff gets broken faster than the new stuff is put in its place.”Highlighted by 23 Kindle customers
These three values—honesty, consideration, and accountability—together with transparency are the foundation of trust and integrity.Highlighted by 22 Kindle customers
“today’s health care institutions are like the old media: centralized, one way, immutable and controlled by the people who created and delivered it. Patients are passive recipients.” In the new model, patients become more like partners—they self-organize, contribute to the total sum of knowledge, share information, support each other, and become active in managing their own health.Highlighted by 20 Kindle customers
The common thread in the examples above is the growing realization that the collective knowledge, capability, and resources embodied within broad horizontal networks of participants can accomplish much more than one organization or one individual can acting alone.Highlighted by 19 Kindle customers
If openness is about the communication of pertinent information to stakeholders of firms, governments, and other organizations, sharing is about the releasing or handing over of assets—by placing them in “the commons” for others to use or by sharing them with interested users under agreements that may generate license revenue.Highlighted by 17 Kindle customers
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