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EBay

Social Media as a Vetting Mechanism

by Dan Robles

Where the vetting mechanism fails, the system fails. This has happened in countless instances from the current financial crisis to nearly every product, market, environmental calamity, or political failure in recorded history – the referees who were supposed to keep their eye on the ball, did not. Likewise, where a vetting mechanism is effective, the system is efficient.

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The Value of Social Currency

by Dan Robles

Roughly 10% of the US gross Domestic Product can be attributed directly to the process of evaluating or examining transactions. The ability to foresee the result of specific knowledge assets deployed to specific business conditions is the Holy Grail of entrepreneurs.

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The Next Economic Paradigm; Part 4: Institutions

by Dan Robles

In this module, we will discuss the institutions in social media that could keep an Innovation Economy, free, fair, and equitable.

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Social Enterprise; Rating Systems

by Dan Robles

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 Enterprise; The Vetting Mechanism; #1

by Dan Robles

I read many articles with rants like “all this social network stuff is cool – but show us the money”.  Innovation Economics offers a way to see new markets and new businesses that are currently hidden by “the old way” of doing things.   This article is part of a series called ‘Business Plans of [...]

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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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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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