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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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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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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; 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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Where is The Knowledge Inventory?

January 30, 2010

There is no knowledge inventory of our communities. The is a STUNNING omission for a country whose only hope at climbing out of economic hardship is sequestered within the innovative minds of its people.

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Video: Tangible Knowledge; The Holy Grail of Social Media

January 22, 2010

What if knowledge assets were tangible? What if you owned your knowledge like a company owns a structure or specialized machinery? What if it could be quantified and qualified so that it resembles all other tangible assets? Easy answer…entrepreneurs will trade it, like money.

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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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Video: Currency Must be Backed by Productivity

January 20, 2010

We must all be engaged in the process of Innovation. We must all be engaged in the process of increasing each other’s productivity – in whatever form that may be, that’s the objective. Anything that wastes time needs to go away. It’s that simple.

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Video: Money vs. Productivity

January 19, 2010

This video provide an easy way to find the truth among the high-fiber ambiguity that has become our political morass. Oh Yeah, they want you to be confused because they don’t want you to act any differently.

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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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Is it Social Media or Corporate Media?

December 22, 2009

There are no shortage of intelligent and visionary social media celebrities. They write great books about markets, social media tools, strategies, and on-line reputation for the benefit of the millions of people stuck on any part of the slippery social media learning curve. There is, however, one thing that most of these Guru’s have in common – they consult to and are paid by large corporations.

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Is Wall Street Irrelevant to an Innovation Economy?

December 20, 2009

The most difficult challenge facing the modern creative entrepreneur is the funding of innovation. Likewise, the greatest constraint on an innovation economy is the funding of innovation. Having great new ideas is the easy part; actually building something around those ideas is hard work. As such, the funding all of that hard work is the [...]

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Open Letter to all Deep Web Researchers

December 12, 2009

This Open Letter is directed to all Deep Web researchers, authors, developers and people who have a great interest in what lies beyond the popularity contests playing out on the ‘surface web’. I submit this letter in appreciation for the work that you do I also want to present an important application to your research for which you may not yet be fully aware.

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A Definition for Innovation Economics

November 26, 2009

Innovation economics is an economic doctrine that reformulates the traditional model of economic growth so that knowledge, technology, entrepreneurship, and innovation are positioned at the center of the model rather than seen as independent forces that are largely unaffected by policy.

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When Capitalists Are Really the Socialists

November 7, 2009

When will people come to the realization that a new financial system is needed to represent the new social order? When will people realize that they have in their possession the most important tool ever devised by humanity for the benefit of humanity? When will they shut off the TV and reject the barrage of mediated reality that blinds them with propaganda at every turn?

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Building a Better Entrepreneur; Google 10^100

September 27, 2009

Google 10^100 award voting is Launched. There are two sectors that we believe would have the greatest impact on the greatest amount of people; building a better banking system and funding social entrepreneurs. You can’t have one without the other – if Google funds these two sectors in concert, the outcome would be incredible.

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Will Facebook Currency Intermarry with the US Dollar?

September 15, 2009

Facebook is testing a virtual currency, because it’s cool and they can do it. They are not alone, the gaming industry has been at it for a long time for people who want to be more “productive” in the game space.

There is no mention, however, whether a Facebook currency could be used as a medium of exchange in the event of hyperinflation and the crash of the US dollar. I can find nobody, writing anywhere today, that is willing to cross this proverbial line in the editorial sandbox.

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The New Reverse World Order

September 9, 2009

If someone can track your spending, they can predict your behavior. It is also true that if someone can track your behavior, they predict your spending. The next economic paradigm is simply a higher order of the same. If someone knows your “Knowledge Inventory” they can predict how you will manage changing conditions – that is, how you will innovate. Likewise, tracking how people innovate exposes the development of new knowledge assets (the ‘gold-standard’ of conversational currency).

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Trust as a Social Currency

September 8, 2009

The idea of trust as social currency is appearing in more articles, conferences, and books. This is all highly consistent with the TIP thesis on Innovation Economics which describes the necessity of a vetting mechanism among the knowledge inventory as a means for the emergence of a currency in a market – that is, a conversational currency. People need to trust the currency if they are to trade the currency.

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Does Social Relevancy Matter?

August 18, 2009

The Ingenesist Project Community concerns itself with the value of social reach since this will most certainly impact he relevance of those conversing as well as the relevance of the conversation to some business activity. Obviously, innovation is about having the right team in the right place at the right time.

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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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The Next Great American “Hail Mary” Pass

December 2, 2008

It is imperative that knowledge workers recognize this opportunity. We must have a national conversation about the next great leap and not just dwell on the current quagmire or roll over while the dark ages set in.

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Social Enterprise; Innovation Clusters

October 29, 2008

Innovation clusters are all the rage in regional economic development circles.  Actually, they are “industrial clusters” because several companies in similar industries collocate in the same geographical area.  The industrial cluster then attracts supporting industry and often causes the migration of educated and motivated people to the prospect of jobs.  I suspect the ‘innovation’ moniker [...]

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