We can measure the time in minutes, we can measure distance in miles, and we can measure mass in grams – so how do we measure Innovation? Am I missing something or is this possibly the most stunning omission in the history of civilization? Who is keeping score? Where’s the referee? This is serious business, [...]
The Internet is a lot like a commercial airplane – it is very useful in transporting us to distant lands but the real work must happen on the ground. The organization of society at both ends of an Internet destination must be developed if real wealth is to be created. Social Media needs to develop [...]
The trick is for society to organize itself in a slightly different way – this is where Social Media needs to position itself with the next generation of applications. If so, the business model for social media will become hugely important to an innovation economy – too important to fail.
This article continues a discussion of a valuation technique for social media
The opportunity for America reminds me of the elephant that is convinced since birth that the slender rope tying him to the fence post is stronger than he. When the elephant grows up, he still believes the rope is stronger even though the elephant now has gained the strength to pull the whole building down. [...]
Technological change must always precede economic growth. We are going about the process of market capitalism as if economic growth can precede technological change. Somewhere along the line we have gotten the cart in front of the mule.
It seems that this situation can be fairly easily corrected – after all, it’s the same cart and [...]
Hey Kids, It’s 3D:
The objective of this article is to discuss the Great Convergence of computer enabled society. Social media must not be allowed to converge to a single apex – rather, it must converge to 3 distinct and tangible dimensions.
The factors of production for the industrial economy are land, labor, and capital. If you [...]
There is no shortage of money in the world but there is plenty of risk. Most business failures are due to knowledge deficits such as the inexperienced management team, a poor assessment of market conditions, underestimating the amount of money needed, underestimating a competitor, loss of a key employee, poor understanding of the technology, etc. [...]
Many years ago, economists from the industrial revolution identified three variables (productive inputs) for building industries; Land, Labor, and Capital. The rate of output was related to how these inputs were combined. If any of these factors of production were missing, the other two had little or no utility for production. The concept of Land, [...]
We have established that Innovation and wealth creation are profoundly related and that one cannot be sustained without the other. A huge problem is becoming apparent because Money lives in a complex, global and highly integrated system where billions of dollars can circle the globe daily at the speed of light. Meanwhile, innovation does not [...]
The Game
The knowledge economy will be outsourced to low cost countries. There is little rational analysis that suggests otherwise. Information, knowledge and innovation are profoundly connected – lose one and you lose the other two … and so goes our innovation potential. The very technology invented and developed by American knowledge workers is the exact [...]
The Perfect Storm:
We are at an historic time in human history; one that may never repeat itself again. The current financial crisis may provide just enough disruption for a completely new economic paradigm to emerge; the Innovation Economy. We cannot squander this moment arguing over common logon for our Twitter and Facebook profiles; a far [...]
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