From the monthly archives:

September 2008

The Knowledge Inventory; Part 4

by Dan Robles

Now, the machine readable resume is complete using numbers, symbols, and probabilities; we can quantify and qualify knowledge in the exact same format as a financial instrument. Now the knowledge looks like money. This individual is obviously a:
{20:95%,12:80%};[302+330]70%:(607+17)80%+[500/519]90%
Specialist in Social Interaction, communities of practice, and economics at the 70th percentile related to educational research at [...]

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A Few Predictions for the Innovation Economy

by Dan Robles

Social Network will become the corporate structure of the future. They will spit out start-ups at an astonishing rate.

The “resume system” will be banished forever possibly earning the title of the cruelest human invention since the lobotomy.

The University System will be challenged – the relevance of the college degree will be questioned in an [...]

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The Capitalization of Knowledge – Innovation Bonds

by Dan Robles

With a computer readable knowledge inventory, local communities of practice, a percentile search engine algorithm, and the virtuous circle of finance, then future innovation cash flows can be predicted much more accurately and with far lower risk than with, say, the venture capitalists acting alone.

Were risk is predictable, cash flows are predictable and the portfolio [...]

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The Capitalization of Knowledge – The Virtuous Circle

by Dan Robles

We have set up a new game for entrepreneurs to play called Innovation Economics. We have defined a currency and an inventory where knowledge is visible outside the construct of the corporation – and resident in social networks. We have also described a way for entrepreneurs to visualize the knowledge asset and the supply and [...]

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Intellectual Property in the Innovation Economy

by Dan Robles

Today there is a big scare that bad people will run off with your intellectual property and make a ton of money with it. Another problem is that the Patent system is so slow and so expensive that the vast majority of innovators simply do not have access to patent protection – many people just [...]

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Social Networks and the Multiplier Effect on Innovation

by Dan Robles

If we combine the parallel transaction with the series transaction we have what now looks like a neural network. In practice, we know that strong networks of people freely exchanging ideas make organizations better, smarter, and more efficient. Networks are where knowledge and wisdom is literally stored. A network is fault tolerant, if one person [...]

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The Innovation Bank

by Dan Robles

So now, what are the entrepreneurs going to do with this percentile search engine?

Entrepreneurs wander the earth looking for valuable things that are being used at a low level of productivity and they move those assets to a higher level of productivity and then pocket the difference, called profit.
Think pet rock, condo conversions, sand, corn, [...]

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The Percentile Search Engine

by Dan Robles

The Percentile Search Engine is a way of using a computer to make predictions about all types of combinations of knowledge Assets.
Conceptually, the percentile search engine is where all of the equations that we use to analyze financial assets are now applied to knowledge assets. The main characteristic is that the Percentile Search Engine returns [...]

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The Credit Score Analogy; Part 2

by Dan Robles

Now we look for a similar situation for Knowledge Markets.
In the cuurent times, the hiring manager is the person to know if you want to get a job. The manager would read your resume and compare it with “bell curve” in their brain about what has worked or not worked in their past. This was [...]

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The Credit Score Analogy; Part 1

by Dan Robles

We have defined the currency, the factors of production, and the inventory of the Innovation Economy; we destroyed the old resume system and turned it into a computer language that makes knowledge appear like money in the eyes of the entrepreneur.
Now, we need a system that keeps the game free and fair. For example; EBay [...]

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The Knowledge Inventory; Part 3

by Dan Robles

In American society there is a persistent ideology of winners and losers; there can only be one winner and the rest are losers. We rank things in a very linear way; 1st, 2nd, 3rd, etc. Sports analogies dominate many business expressions; low ball, hail mary pass, ball’s in your court, etc. Our culture is [...]

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The Knowledge Inventory; Part 2

by Dan Robles

Suppose we used the Dewey Decimal System to write a resume. A person could be described as a series of numbers instead of words and computers can search the numbers as they do key words today.
For example: 302, 307, 330, 607, 17, 500, 519
This person has experience in social interactions, communities, economics, educational research, [...]

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The Knowledge Inventory; Part 1

by Dan Robles

We identified the 5 essential elements of a market economy. Then, we discussed the currency of the Innovation Economy; people trade information and turn it into knowledge and new ideas using factors of production; Intellectual Capital Creative Capital and Social Capital. Now we’ll discuss the inventory strategy for knowledge assets.

Most companies have an inventory of [...]

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Economics of Innovation

by Dan Robles

Every time humans invent better ways of doing things, the economy gets a little bigger. This is a simple idea. The cave dwellers discovered that they did not have to travel as much hunting and gathering if they could sharpen a rock enough to chop a tree down for firewood or for spearing animals.  That [...]

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