December 28, 2006
Today, encyclopedias, jetliners, operating systems, mutual funds, and many other items are being created by teams numbering in the thousands or even millions. While some leaders fear the heaving growth of these massive online communities, Wikinomics proves this fear is folly. Smart firms can harness collective capability and genius to spur innovation, growth, and success.
A brilliant guide to one of the most profound changes of our time, Wikinomics challenges are most deeply rooted assumptions about business and will prove indispensable to anyone who wants to understand competitiveness in the twenty-first century.
Based on a $9 million research project led by bestselling author Don Tapscott, Wikinomics shows how masses of people can participate in the economy like never before. They are creating TV news stories, sequencing the human genome, remixing their favourite music, designing software, finding cures for diseases, editing school texts, inventing new cosmetics, and even building motorcycles. You’ll read about:
- Rob McEwan, the Goldcorp., Inc. CEO, who used open-source tactics and an online competition to save his company and breathe new life into an old-fashioned industry.
- Flickr, Second Life, YouTube, and other thriving online communities that transcend social networking to pioneer a new form of collaborative production.
- Mature companies like Procter & Gamble that cultivate nimble, trust-based relationships with external collaborators to form vibrant business ecosystems.
An important look into the future, Wikinomics will be your road map for doing business in the twenty-first century.
Don Tapscott’s chief executive of New Paradigm, a think tank and strategy consulting company he founded in 1992. He is the author of ten books, including the bestsellers Paradigm Shift, The Digital Economy, Growing Up Digital, The Naked Corporation, and Digital Capital. He teaches at the Rotman School of Management at the University of Toronto.
Anthony D. Williams is a research director at New Paradigm. He holds a master’s of research from the London School of Economics, where he is been teaching over the last year. He leads New Paradigm’s work in the areas of innovation and intellectual property.