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Showing 1-2 of 2 reviews(5 star).show all reviews
on February 6, 2007
Don Tapscott has done it again. He has beheld what we see happening all around us on the Internet and made sense of it from a business perspective. And he's again displayed his rare ability to distill a huge concept into a single word. (Buzzwords are with us for a reason: we need them as shorthand for new and complex ideas.)

Wikinomics is mainly about innovation and how web-based collaboration is driving it. Also, the book speaks to organizational dynamics and how the web is eating away at traditional hierarchies. This book should be a warning to companies that still think instant messaging is a nuisance and a threat to security. That's wrongheaded, according to the authors.

As the founder of the world's first eBay for knowledge, Knexa, I have a keen interest in what Tapscott calls "idea agoras," web-based exchange systems that facilitate the transfer of knowledge and/or intellectual property for financial consideration. Although such business models have been around for several years (Knexa launched in 1999), the space is still in its infancy and will continue to evolve.

Also, as an executive in the mining industry, I was pleased to see the example of Gold Corp used as an example of cutting edge innovation through web-based collaboration. Mining is typically seen as a knowledge economy Neanderthal, the quintessential "old economy" industry. But people in the business know better. It's extremely knowledge centric.

But when it comes to sharing knowledge to gain competitive advantage, the mining business is no different than the rest of the business world, where most would rather take their IP to the grave than "collaborate" with a competitor. But as Wikinomics points out, some companies are realizing that there's opportunity where others fear to tread.

David H Brett, CEO, Knexa, CEO, Cusac Gold Mines Ltd.
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0 of 1 people found the following review helpful
on January 31, 2008
recently read a book called, Wikonomics - how mass colaboration changes everything by Don Tapscott and Anthony Williams. It is a book about the social networking and collaborative sites that are becoming very popular. I found the book highly interesting since I try to follow trends and try to figure out what opportunities are available in which trends.

Wikonomics points out that many times traditional business is afraid of open source projects like Linux and Wikopedia but others see a corneacopia of participation and economy. The thesis behind the book is that the collaborative social networking type sites actually increase business opportunity and do not take away business opportunity.

The book had a number of possible subtitles including:

Edit This Book!
The Dividends of Collective Genius
We the People
Business (The Remix)
The new World of Collaborative Anarchy
Please Register to Participate
The Power of Us
Creating a New page in Business History
Unleashing Our Collective Genuis
This Book is a Stub
Harnessing the Power of Your Peers
(Your Input Needed Here)
Peer-Powered Prfit in Life, Business, and Individual Choice
The Peer Advantage: Myth or Magic?
Peer Producing the Future

The subtitles describe what the phenomenon is.

The book talks about the 4 principles of Wikonomics including being open. This flies in the face of some businesses which often try to keep their secrets to themselves.

Peering: most organizations have a higher archaric set up and the nature of Wikis is they are based on peer.

Sharing: again a conventional western society says, keep it to yourself.

Acting Globally: Wikies are a great way to get global knowledge working together.

It is a good book and a fairly quick read; fairly inspirational; however, I am still not sure what to do with it. Thinking...
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