Wikinomics: How Mass Collaboration Changes Everything

I've waited until the very last minute to do my review of Wikinomics.  Why?  Well, because we've already spent a lot of time this month talking about the internet, blogs, and social networks.  Some people might be thinking... "What does this stuff have to do with sales and leadership?"  After reading the book I've realized the answer is two fold... "Everything!" and "Nobody is really sure... yet."  So, I decided to go and look at the numbers.  What kind of reader interest have these articles generated so far?  What I found was staggering and unexpected!  In just three short weeks, "Generating Sales Through Social Networking?" jumped straight to the top of the "most popular" articles ranking on SalesBlogcast.com... sitting just behind the Jill Konrath interviews, "Selling to Big Companies - Part 1" and "Selling to Big Companies - Part 2!"  It's obvious... this has been a hot topic and a great series of conversations throughout the month.

Let's get to the book, Wikinomics: How Mass Collaboration Changes Everything, and focus simply on how the concepts of Wikinomics might affect sales and leadership.  In the spirit of mass collaboration, collective intelligence, and peer-to-peer networking, I want to try something a little different on this post.  Let's make this an ever living article where we can continuously add new ideas and answers as the global collaboration economy takes shape in the years to come. 

The following is a list of notes and ideas that came to mind while reading the book.  Your next step is to add your own comments and ideas.  Unlike a wiki that would allow for ongoing changes to the post itself, we will create a list, or should I say... a log of ideas to review and track it's progression... forever! 

The Four Principles of Wikinomics

1. Openness

Unlimited depth of resources

A force for growth and competitiveness

Being smart

Good timing

For every top producer and thought leader in your organization, there are hundreds that are just as good or better across the globe.  It’s about going outside your corporate boundaries.

The three golden rules that distinguish the internet from any previous communications medium:

a. Nobody owns it

b. Everybody uses it

c. Anybody can add services to it

2. Peering

Mastermind groups, think tanks, and ideagoras creating knowledge and innovation for current and future business

Think about rating systems on sites like Amazon.com.  Customer reviews allow new prospects to get feedback on the quality of the product before making a purchase.

3. Sharing

Tom Peters – FREE STUFF... "Tom Peters is a passionate communicator with many provocative ideas to share. The documents listed here include a number of Tom's most inspiring messages. And they're all absolutely free. Download, print, discuss, dissect, and disseminate to your heart's content. We ask only that you not alter the files, claim them as your own work, or charge for their use."

Marshall Goldsmith… during this training session, he talks about how he shares all of his stuff… Think about how many thousands of dollars he might charge to do this seminar… and it is FREE on YouTube!

Flickr (sharing photos), iTunes (free podcasts), YouTube (videos), Skype (Is internet telephony the future?)

4. Acting Globally

Exciting yet dangerous time to be in business… paradigm shift

Harnessing the power of human capital across borders

An environment of collaboration, freedom, flexibility, self-management, diversity… an environment where people think of themselves as "global citizens" ...self-organizing, peer-to-peer collaboration of their choosing

What kind of leader will it take to lead these changes?

According to the book… "In the new world of Wikinomics, it turns out, that just about anyone can be a leader?"

How to think with a collaborative mind

Where do I see opportunity?  Get heavily involved now... take advantage of your ability to reach out and build a presence without boundaries... establish your foundation for the future… Somebody is going to figure out how you get paid for all your hard work and FREE information.

Reminder:  Your next step is to add your own comments and ideas.  Unlike a wiki that would allow for ongoing changes to the post itself, we will create a list, or should I say... a log of ideas to review and track it's progression... forever!

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  • June 29, 2008 Lars Hilse wrote:
    What Tapscott talks about in his book had been in my head for years. The first web 2.0 project I saw was "WER-WEISS-WAS.DE", a German project which came up in the late 90's.

    From there on I thought about the possibilities which user generated content provided and which tremendous possibilities mass collaboration and social networking contained for the internet of tomorrow and how it would enrich it.

    Good job there pointing people towards the book.

    All the best to you Doyle, and keep on posting.

    Lars Hilse
    Web Strategist | Speaker | Social Networker | Entrepreneur
    http://www.lars-hilse.de/
    direct +49 4835 9513030 | mobile +49 173 5433491 |
    USA +1 206-203-5212 | UK +44 (0)870 9749050 | Germany +49 (0)1801 5557775788 |
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    Lars Hilse is a globally recognized web strategist and (e-)market penetration & customer care specialist.
    He has successfully completed assignments in Europe, North America, The Middle East, and APAC countries.
    http://lars-hilse.de/go/recommended/
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  • June 30, 2008 Melissa Paulik wrote:
    I'm not even sure where to start other than going out and getting the book. But, until I have a chance to read it, let me just add that I think the coolest thing about the web these days is that people are finding more and more ways to earn money by giving away free stuff. Whether it's inspiration or answers you are looking for, a good search engine is the place to start.

    Speaking of the wiki movement, I recently called Wikipedia my "second favorite marketing resource" on my own blog. http://themarketingsurvivalist.blogspot.com/2008/06/my-second-favorite-online-resource-for.html

    All the best!

    Melissa
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  • July 1, 2008 Walker wrote:
    Interesting review of the Wikinomics! I'm currently reading the popular business book as well as other top "collaboration" books.

    The real question/comment I have about the premise is will people actually do what they say in the book? Collaboration is not a natural skillset that, I believe, humans are born with. cooperating is a skill, but not collaboration. The two are very different. Collaboration is a process and must be learned/developed/retained/experienced.
    Most sales and market, heck, all, organizations are so top-down focused even though they talk about supporting collaboration. In other words, I hear a lot about collaboration, but I don't see a lot of "TRUE" practitioners.

    I study collaboration and the company I work for is dedicated to helping companies realize a collaboration strategy through our web-based software. We work in teams with stewards. We also encourage innovation from within and from outside our walls. In my humble and biased opinion, we do collaboration well, because we practice and study it. But we are small company. The bigger more corporate company has a much harder time encouraging collaboration, yet they talk about it so much.

    So will companies practice what they preach? I guess the proof will be in how they "share" and "open" their business processes. I guess we'll SEE if they do through increase sales, product distribution, marketing and innovation.
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