January 2012
8 posts
3 tags
December 2011
5 posts
2 tags
Macrowikinomics | Frozen Oil
The idea of mass collaboration and transparency is eloquently articulated in Macrowikinomics by way of the “frozen oil” anecdote. The Oil Spill Recovery Institute (OSRI), “tasked by Congress with the responsibility of cleaning up the Exxon Valdez oil spill off the coast of Alaska,” had been trying to figure out how to remove frozen oil from the seafloor. They launched a...
2 tags
Macrowikinomics | Value Added Production
One specific (though hardly complete) way of explaining the Wikinomic paradigm is to describe the process of value added production. This is the idea that aggregation (“mashups”) and open information don’t necessarily lead to socialism but rather to an ever increasing value in products or services from those competing in the free market from a better starting point. Because...
“As the iconoclastic founder of the Virgin Group, Sir Richard Branson pioneered a...”
– Article & Video Here