/ Strategies for a discontinuous future / Selected work 2004-2009 /



2007 Markets, Networks, & Communities
2008 The Macropocalypse & Edge Competencies
2009 The Great Compression, Smart Growth & Constructive Capitalism





Grab this swicki from eurekster.com



Monday, October 02, 2006
 

Edge Patterns: Closed to Open


Netflix decides to pioneer open innovation in media by offering a $1 mil prize for improving it's recommendation engine.

To do so, crucially, it's opening access to it's enormous dataset - it is shifting viscerally from closed to open.

A deep lesson is being taught by Netflix: in a post-network economy where value creation outside the boundaries of the firm is exploding, staying closed will, more and more often, be a dominated strategy.

Put this move in context: how different is it from what Innocentive does for cosmetics/pharma/etc? Not different at all. The point is that new economic patterns are sweeping across the economy like a tsunami, reshaping value chains, and redefining dominant strategies.

Shifting from closed to open is the most basic of these new patterns.

-- umair // 2:48 PM //


Comments:
Post a Comment
search




Public

Recent & upcoming sessions:

Supernova 2007 (video)

NMKForum



new




input

due diligence
ventureblog
a vc
techblurbs
tj's weblog
venture chronicles
terranova
the big picture
gigaom
venchar
bill burnham
babak nivi
n-c thoughts
paidcontent
techdirt
slashdot
london gsb
mefi
boingboing
blort
hardwax
betalounge

ing
morgan
chicago fed
dallas fed
ny fed
imf
world bank
nouriel roubini

portfolio
contact

mail.
uhaque (dot) mba2003 (at) london (dot) edu

skype.
umair.haque

atom feed

technorati profile

blog archives