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The Shift to Social Capitalism

January 8, 2009

As computer enabled society marches toward social capitalism as a result of overburdened financial institutions, a new generation of social media applications will form to emulate those institutions.  Social capital, creative capital, and intellectual capital will increasingly behave like tangible assets. As an example, this article compares the concept of the financial credit score with [...]

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That Pesky Little problem With Market Capitalism

December 11, 2008

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 [...]

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Social Media; the Integrator of the Innovation Economy

November 24, 2008

Where are the gray suited diplomats holding each others forearms against a world map backdrop vowing to correct the world’s innovation system?  Where are the politicians joining across party lines about how to inject 700 billion dollars to fix the nation’s innovation system?  When will the Federal Reserve Chairman find the flaw in our national [...]

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Social Media; A Public Innovation System

November 21, 2008

In order to restructure our financial system; we first need to restructure our innovation system.  ALL of the top ten reasons for business failure are due to a lack of knowledge, not a lack of money. Top 10 reasons why businesses fail: 1.    Lack of an adequate, viable business plan 2.    Insufficient sales to sustain [...]

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The Balance Sheet for Knowledge Assets

November 6, 2008

Innovation economics has a way of forcing us to look at the mirror image of conventional wisdom.  This article will look at knowledge assets as they might appear on an accounting balance sheet.  You may be surprised at what happens at the bottom line. Wall Street will often reward a company that has a large [...]

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Social Enterprise; Rating Systems

October 31, 2008

There is an ongoing discussion about the rating system for articles posted to a business oriented social network site that I belong to.  While am not part of the discussion, my one and only post to that site had been rated very low despite the fact that I am recognized internationally in the subject matter [...]

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Social Networks and the Multiplier Effect on Innovation

September 18, 2008

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

September 18, 2008

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, [...]

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The Percentile Search Engine

September 17, 2008

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 [...]

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The Knowledge Inventory; Part 2

September 17, 2008

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 [...]

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The Knowledge Inventory; Part 1

September 17, 2008

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 [...]

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