Saturday, October 30, 2010

The four principles of wikinomics: openness, peering, sharing and acting global

The word and prefix wiki means quick or fast. It has roots in the Hawaiian language or even deeper in Austronesian [1]. The term wikinomics is derived from the words wiki and economics. Don Tapscott and Anthony D. Williams introduced this word with their book in 2006 (now available as a paperback [2,3]), using this word as its title. They explain the concept of wikinomics and illustrate that wikinomics is something that is happening, ongoing and changing the business world based on the principles of openness, peering, sharing and global playfulness. The World Wide Web and its underlying software tools, including the LAMP stack, are the main drivers of wikinomics.

In the world of wikinomics, collaborative innovation is accelerating and deepening across borders and walls of traditional business networks. The open-kimono approach to creating internet platforms, knowledge and products advances around the globe like sushi bars. Wikinomists are quickly getting creative with words too: there is a wiki web site called Wikonomy [4].

Will there eventually be a Nobel Prize for Wikinomics?

[1] Ward Cunningham: Etymology of Wiki (letter to Mr. Ward, 2003).
[2] Don Tapscott and Anthony D. Williams: WikinomicsHow Mass Collaboration Changes Everything. Portfolio/Penguin Books Ltd, London, Paperback edition 2010.
[3] Wikinomics blog inspired by [2]:

[4] Wikinomy.

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