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innovation

Culture: When Engagement Is Not Optional

March 26, 2010

Today we see Social Media duplicating many of the functions of earlier society by storing community wisdom, applying social vetting, and deploying social currencies.

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Foursquare Economics

March 18, 2010

The Next Economic Paradigm is arriving and the first entries include Foursquare. Few people understand the significance of this new class of social media applications. Foursquare contains many (but not yet all) of the components of the Innovation Economy that we have been discussing for several years at Ingenesist.com, Conversationalcurreny.com, and Relationship-economics.com.

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The Social Caterpillar Award Goes To Home Depot

March 18, 2010

Corporations may be getting social “online” but how are they doing offline? Anti-social behavior on the ground is the genesis of our not-so-coveted Social Caterpillar Award.

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It’s About Asking The Right Questions

March 17, 2010

My new favorite speaker is Dr. Nick Bontis. He is smart, funny, dynamic and he has the intellectual horsepower to back it up. I found his work while trolling academic journals for intellectual capital and the allocation of knowledge assets. Cool, huh.

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The Invisible Surplus

March 16, 2010

I don’t care what the “definitions” by the Experts, the Patent System, Production Systems, Money, corporate bonds, marketing, advertising, or all the rest of that stuff. In the next economic paradigm, knowledge is an asset, knowledge is the only asset that matters because the transformation of knowledge into solutions will become the next currency. If not human knowledge, then what else?

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Everyone, Inc.

March 11, 2010

In fact, the cards are stacked in favor of the corporation over the employee; unless, of course, you are both. We teach our kids to be good employees, not to become good corporations. How do we expect social priorities to compete with Wall Street Priorities?

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Factor of Production #2; Creative Capital

March 10, 2010

The financial system that we live in today is allocated to us all through chunks of Land, Labor, and Capital. It should be fairly obvious that there are some issues with land (real estate bubble), Labor (high unemployment/out sourcing), and Capital (financial system meltdown).

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They’re Finally Saying Something New About Social Media

March 8, 2010

Now, all of a sudden, a new idea is emerging…it’s barely an audible chirp, but it will become a tectonic rumble before long: Social Media is beginning to take on the characteristics of Financial Instruments.

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When Social Media Becomes a Science

March 5, 2010

Jay Deragon posted a series of articles recently on his Relationship Economy blog which I found especially exciting. As usual, Jay is bringing forward some very important ideas related to social media components and outcomes, but what really sets this new mindset apart is the fact that Jay is asking the same questions that have been plaguing scientists for 100 years.

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Building Better Problems

February 22, 2010

The solution to any problem is entirely dependent on how the problem is defined. Likewise, redefining the problem, exposes huge opportunities for new solutions.

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What is the Secret Sauce of Innovation?

February 16, 2010

Most studies on Innovation study the to 99th percentile human in the hope of discovering the “secret sauce” of wealth creation. One such study identifies 5 discovery skills and conclude that the top innovators are also in the top percentile for all these skills. What a surprise that the top university would conclude that they – and people like them – were the secret sauce of all wealth creation.

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Social Currency And The Innovation Bank

February 13, 2010

If we consider the structure of conversations and compare that to both the structure of social networks AND the structure of our financial system, we see a huge opportunity to develop an alternate financial system that can capitalize and securitize knowledge assets in social media.

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The New Definition of Innovation

February 12, 2010

The existing definition of innovation is insufficient for use as a way to identify innovation in the present. There is no way to build an innovation economy upon a flawed definition and unpredictable value of innovative activity.

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A Community of Knowledge Assets

February 11, 2010

Our culture organizes itself around winners and losers. Corporations reflect this competitive nature to the core of their Capitalist doctrine. Sports analogies abound across the enterprise straight through to the HR department always on the lookout for the most amount of superstar for the least amount of money.

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Social Media as a Vetting Mechanism

February 9, 2010

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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Video: The Calculus of Global Outsourcing

February 8, 2010

Modern Globalization is a system – it must be analyzed like a system. Data, Information, knowledge, and Innovation are profoundly related in a system. If you take away one of the components, the others become worthless.

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Video; Will Social Capitalism Replace the Corporation?

February 6, 2010

There is very little about a corporation that cannot be duplicated in social media. This calls into question the nature of social media vs. the nature of corporations. Here we uncover a third pillar to the US economic recovery; Social Capitalism.

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Video: Dollar Vs. Rallod; A Mirror Image Economy

February 4, 2010

Therefore, debt and innovation are blood brothers or mirror images of the other – they are both “currencies” (means of storing value) backed by future productivity. We can build a new economy around this concept which effectively weeds out the bad parts and keeps the good parts of the institutions and infrastructure that are already in place.

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Video: Intellectual Property in the Social Media Cloud

February 3, 2010

Or maybe the last thing that Wall Street wants is for Engineers, Architects, designers, and creative people to get “royalties” on their work. That is What Wall Street does, they collect the royalties of the creative people in America….until now. Social media is a social contract, IP is our currency.

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Video; You Can’t Make a Bet Without Odds

February 2, 2010

The simple truth is that humans have not evolved to the point where they will organize themselves as knowledge assets in a financial system – they still need to use a proxy for their productivity controlled by a master, a corporation, an idealism. It’s called money, politics, and fear.

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Video: Taxonomy for Community Knowledge Inventory

February 1, 2010

ny taxonomy that is used to classify information is a candidate for the classification of knowledge. This is because knowledge is related to information in a differential equation that also includes data and innovation (another blog post).

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Video: The Last Mile of Social Media

January 21, 2010

The following video describes how the components of the next economic paradigm must act locally, but share globally. For anyone wondering what to do next or where the great opportunities are, think about building out the Last mile of Social Media.

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The Monetization Mystery

January 14, 2010

Show me how everyone is related and I’ll show you a new economic paradigm. Here is how they are not related:

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