The knowledge market is the mother of all imperfect information markets. Social media is a single iteration away from greatly improving information in all knowledge markets.
Geographic Compatibility:
In the early 1990’s, traffic in Los Angeles was so horrendous, it could take hours to travel a dozen miles. Commuting was a nightmare and the last thing anyone wanted to do was sit in more traffic. As a single professional, every time I met a prospective lady friend, I had that elemental question [...]
The epiphany:
Something very interesting happened when Facebook changed their terms of service. People who use the Facebook platform (for free) organized themselves using the (free) platform to threaten the core validity of the same (free) platform. This could not happen in any other industry.
Saving face?
Ownership is largely characterized by the ability of one party [...]
If social media can have such a profound effect in the REACTIVE role, what would be the underlying dynamic if applied in the PROACTIVE role ? The great new social media business models of the future will be in the areas of “The Last Mile of social media” and “Social Vetting mechanisms”.
Finance and Innovation in the US is engaged in the dangerous dance of tail wagging dog. Innovation is as Wall Street does; not the other way around. This is wrong, this is very wrong.
The Ingenesist Project is to induce a crowd sourced innovation economy by integrating Social Media with three web applications. It’s all about to become extremely exciting.
The secret to finding a business case for social media can be found in “The Last Mile”. It would seem that innovators and entrepreneurs would be strafing each other to fill this vastly under served market and lucrative market segment.
As a test, try the following: every time you hear someone use the word “money”, simply insert the word “productivity”.
Résumé: A French word for separating the brain from the body
The global imperative is for the United States to become an innovation economy now. This is an entirely different animal than the Industrial revolution; I have long argued that the résumé system is by far the most archaic knowledge management “currency” of trade in use today.