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vetting

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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The Value of Social Currency

July 9, 2009

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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Social Media Staffing: $3 Trillion Opportunity

July 1, 2009

Suppose that 50 Million professionals employed in the United States with average salary is 70,000 per year. Suppose that they change jobs 3 times in their career and that the cost of placement is 30% of salary, or $21,000 dollars per placement. This equals 3 Trillion Dollars in Churn costs

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Is the Corporate Structure Obsolete?

June 24, 2009

In short, we have seen social media replace or duplicate almost every structural element of the traditional corporation outside of the construct of corporations. Can social media provide a corporate structure in and among itself?

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The Trojan Horse; A Classic Social Fraud

January 12, 2009

Periods of change in any market open the doors for abuse as control systems often lag behind the waves.  This is especially true for social capitalism where the social contract is changing rapidly and the enforcement mechanisms are largely non-existent. All markets must have effective vetting mechanisms in order for the market to be viable.  [...]

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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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Social Enterprise; The Vetting Mechanism; #1

October 26, 2008

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

September 18, 2008

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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