Tuesday, October 03, 2006
Scale at the Edge
A very interesting (if very wrong) post on scale economies crowding out artisans in SecondLife. Recommended.
Don't forget - our weekly get-together for all things 2.0/media/new media/innovation in general is tomorrow from 7-9pm at Coco Momo, 79 Marylebone High St (at the corner of Paddington St and Marylebone High St - map).
All are welcome, tell your friends, shout it from the rooftops, etc.
I'd like to start having specific topics of discussion every week, to structure these around.
So please feel free to suggest something topical, fresh, interesting, that's been bugging you, etc...
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.
Sunday, October 01, 2006
I'm a little confused.
Is this is Valley marketing guys (sorry, have to be blunt) doing a bit of an artless bubblegen rip-off, or just a coincidence?
NB - No, I'm not going to do the Mike Arrington/Tim O'Reilly copyright shuffle. That's counterproductive (not to mention incredibly lame because it's umm fairly hypocritical).