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On Wikinomics

Posted on: July 6, 2009

Last Saturday, in our OrCom 152 class, we discussed about Wikinomics—an emerging trend which is described as a mass collaboration for innovation and industrial growth. Wikinomics challenged every existing dogma that boxed traditional businesses—having superior human capital; protecting their intellectual property fiercely; focusing on customers; and thinking globally but acting locally. Now this budding business (though still not prevalent in the Philippines), is gradually changing our lives in ways we never imagined.  I think, the concept of Wikinomics teaches us few of the most important lessons we need to learn in order for us to survive in this fast-changing, sometimes chaotic world:

 “Two (or more) heads are better than one”

Wikinomics introduces us to the concept of peering wherein people create programs and then let other people collaborate in improving such programs. In this kind of business, collective intelligence coming from different kinds of people with different kinds of expertise is the key to its success or growth.

On a personal level, like what I learned in Speech 137 (group dynamics), working in a group has lots of benefits and advantages. Surely, brainstorming would be possible; developing ideas would be in such breeze; and accomplishing stuffs will be easier and faster. Nowadays, in this fast-paced changing world, when everything seems to be chaotic, it helps even just to know that you have other people by your side to help you overcome life’s struggles while also being a big help in their lives as well.  

“When you give yourself, you receive more than you give”

–Antoine de Saint-Exupery

Other lesson that can be extracted from the lesson is the concept of sharing and openness. In Wikinomics, the concept of sharing means being able to master the act of giving other people access to their intellectual property assets while also protecting their crown jewels. Openness, on the other hand, means transparency, flexibility and breaking down trade barriers, among others. These two principles, in the concept of Wikinomics will drive innovation and growth to their organizations and businesses.

On the personal level, I think sharing and openness are few of the very important values we should not forget. Sharing something does not mean actually losing what you have given, for in sharing, somehow, someday, you’ll get something in return. Today, thanks to the different forms of Social Media, sharing and acquiring information is very easy. We get to let other people know what we think and what we know, and get to learn new ideas from other people’s knowledge and points of view. We can benefit to this rapid exchange of ideas because through this we can widen our networks and horizons; we can be enlightened to the different perspectives of people to relevant issues.

 “Be the taller penguin.”

The concept of Wikinomics challenges today’s existing organization to think and act globally without forgetting your roots. In order for organizations/businesses to be and to stay on top, they have to integrate themselves to other organizations in order to build a borderless world. They have to keep up with the competition in order to be on the number 1 list of the consumers. And the best way to do that? To be unique. Different. To conform with the world’s economic demands by pioneering something uniquely yours. Something that will stand out among others.

On the personal level, this teaches me to be the best that i can be without conforming my beliefs and values. In order for us to succeed we have to find our own niche and then be the master of it. This concept of acting globally teaches me the importance of individuality while keeping up with the changes that’s happening around us. When the world forces us to be penguins, be the taller penguin.

“Adapt or perish, now as ever, is nature’s inexorable imperative.”
–H.G. Wells

Lastly, these emerging trends of Social Media made me realize how the world changes so fast and that trying to resist it will do us no good. I think these changes were brought about by our necessities. People are never contented. We always seek for innovations and progress that will make our lives easier. If not for these endless search to improve our way of living, I guess new forms of media would not be born in the first place.

Social Media opens up new avenues for us to impart knowledge, and learn from it as well. Our generation is being a part of this breakthrough (we may even call it a paradigm shift), and i think, more than just accepting the change, we must embrace it and take advantage of the benefits it has to offer.

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15 Responses to "On Wikinomics"

the world is so much about compromises as it is about staying true to yourself.

i once had a reading for my graduate class titled “The Happy, Healthy Human Being Wears Many Masks” and upto now, i still remember the insight from that reading: we can be many selves but still one person. 🙂

true enough, adapting rather than resisting to the changes in the environment is what would help us survive in this fast-changing world. though we still should not lose ourselves in the process–our values and beliefs.

in an attempt to keep up with changes, people seem to have the tendency of losing their selves. changing is not necessarily losing what you have been before. when the world wants us all to be penguins, we can be the taller one. taller, but still a penguin. on a positive level. =)

haha. just what i said to sir barry, yeah. We should not lose ourselves in the process of adapting to the changes. you see, that’s what im most afraid of doing–compromising my values and beliefs just to go with the flow. i don’t like that. haha.

It agree, this idea is necessary just by the way

“Sharing something does not mean actually losing what you have given, for in sharing, somehow, someday, you’ll get something in return.”

–>True enough. Organizations need not to share everything. Of course, they must decide on what to share and not to share.

They simply have to provide the people the picture, the problem, the necessary details.

By sharing to outsiders, people can participate in the problem-solving process. What’s nice about this is that organizations will have a variety of choices to deliberate which is best to operate on.

yes, even though this generation, for organizations, has been an era of collaboration, organizations should still be critical enough in disclosing information about their companies. sometimes, if they would not be cautious enough, competitors could know their weaknesses and use it against your own organization..

I usually don’t post in Blogs but your blog forced me to, amazing work.. beautiful …

thank you. =)

Of course, what a great site and informative posts, I will add backlink – bookmark this site? Regards, Reader.

thanks =)

I keep listening to the news speak about getting free online grant applications so I have been looking around for the best site to get one.

I’m so glad to have found your web page. My pal mentioned it to me before, yet never got around to checking it out until now. I must express, I’m floored. I really enjoyed reading through your posts and will absolutely be back to get more.

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