Wikinomics

I am going into a very heavy travel schedule for the next few weeks.

I recently read a book called, Wikonomics - how mass colaboration changes everything by Don Tapscott and Anthony Williams. It is a book about the social networking and collaborative sites that are becoming very popular. I found the book highly interesting since I try to follow trends and try to figure out what opportunities are available in which trends.

Wikonomics points out that many times traditional business is afraid of open source projects like Linux and Wikopedia but others see a corneacopia of participation and economy. The thesis behind the book is that the collaborative social networking type sites actually increase business opportunity and do not take away business opportunity.

The book had a number of possible subtitles including:

Edit This Book!
The Dividends of Collective Genius
We the People
Business (The Remix)
The new World of Collaborative Anarchy
Please Register to Participate
The Power of Us
Creating a New page in Business History
Unleashing Our Collective Genuis
This Book is a Stub
Harnessing the Power of Your Peers
(Your Input Needed Here)
Peer-Powered Prfit in Life, Business, and Individual Choice
The Peer Advantage: Myth or Magic?
Peer Producing the Future

The subtitles describe what the phenomenon is.

The book talks about the 4 principles of Wikonomics including being open. This flies in the face of some businesses which often try to keep their secrets to themselves.

Peering: most organizations have a higher archaric set up and the nature of Wikis is they are based on peer.

Sharing: again a conventional western society says, keep it to yourself.

Acting Globally: Wikies are a great way to get global knowledge working together.

It is a good book and a fairly quick read; fairly inspirational; however, I am still not sure what to do with it. Thinking...