Hutch Carpenter's Library tagged → View Popular
Twitter Serves Up Ideas From Its Users - NYTimes.com
And some big, nontechnology companies are embracing user-generated innovation. Ford Motor noticed that people were modifying Sync, its voice-activated system for playing music and getting directions. Ford has invited university students to come up with new features for the in-car system.
Lego started a site called Design byME, where fans can use Lego design software to create their own models. Lego then sells the designs, effectively offloading the design cost to fans.
Twitter, though, may rely on user-generated innovation more than any other company.
Hayek, The Use of Knowledge in Society | Library of Economics and Liberty
The peculiar character of the problem of a rational economic order is determined precisely by the fact that the knowledge of the circumstances of which we must make use never exists in concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess. The economic problem of society is thus not merely a problem of how to allocate "given" resources—if "given" is taken to mean given to a single mind which deliberately solves the problem set by these "data." It is rather a problem of how to secure the best use of resources known to any of the members of society, for ends whose relative importance only these individuals know. Or, to put it briefly, it is a problem of the utilization of knowledge which is not given to anyone in its totality.
Mobs Rule! : Andrew McAfee’s Blog
On the Internet they’ve been shown to deliver more accurate predictions about political elections and movie revenues than other techniques like polls and statistical forecasting methods. Pioneering efforts to use them within companies show that they’re also highly accurate when deployed behind the firewall (see, for example, the case I wrote with Karim Lakhani and Peter Coles about Google’s internal prediction market and this paper written by Google’s Bo Cowgill and his colleagues).
Corporate Prediction Market Success is Elusive « Toronto Prediction Market Blog
A new study of prediction markets in the corporate world was released, recently. It’s called Forecasting Consumer Products Using Prediction Markets, by Kai Trepte and Rajaram Narayanaswamy. Lo and behold, the prediction markets failed to provide any significant improvement in accuracy over that of the traditional corporate forecasting process.
Online Extra: Whirlpool's Future Won't Fade
Without innovation and differentiation, the fundamental basis for competition was just price. There's nothing wrong with that. But our view was for us to truly execute a differentiated, value-creating strategy, we needed to do something dramatically different. From day 1, we took the approach that innovation was not the privilege of a few; it was a right of the masses. The only way innovation would work is if everybody was in, so to speak.
Unboxed - Crowdsourcing Works, When It’s Focused - NYTimes.com
Open-innovation models are adopted to overcome the constraints of corporate hierarchies. But successful projects are typically hybrids of ideas flowing from a decentralized crowd and a hierarchy winnowing and making decisions.
Innovating Innovation: The Best Ideas Can Come From Anywhere | Brave New Marketing | Fast Company
3M told a great innovation story at the ARF annual conference about a new product that started with a complaint call into customer care. The representative did his own research online, came up with a solution, filmed a video that he put on YouTube and re-contacted the customer to see if that is what he was looking for. 3M reaps the rewards of creating a culture where innovation can come from anyone and anywhere and giving employees a little breathing room to explore.
The Crowd Has Its Say: Hutch Carpenter (@bhc3) - BusinessWeek
BusinessWeek asked the crowd for opinions on...crowdsourcing. This is my response, published to the BusinessWeek website.
@helenwalters posted the request for opinions on Twitter.
Most-Popular Lists Breed More Popularity - WSJ.com
Frequently, popularity rankings speak less to the merits of what's being observed and more to the fact that crowds are observing it. In other words, peer pressure. "If you see a crowd around a building, you pop over and see what everyone is looking at," says Jimmy Leach, editorial director for digital at the Independent newspaper in the U.K.
scottberkun.com » Where do your ideas die? (With a bad illustration)
The reason there is little change is that idea inputs were never the problem. The bottleneck was further upstream. Crowdsourcing, brainstorming, mindmapping, and the dozens of other techniques people obsess about help create early idea volume, but do little to help the curators, the people who winnow down the hundreds of ideas down to dozens, and dozens down to a handful.
The dogmas of the quiet past - Cognitive Edge
In this first post I want to outline three key principles that need to inform both the theory and practice of governance in organisations: (1) Distributed cognition. (2) Finely granulated objects. (3) Disintermediation.
Library clips :: Crowdsource as a way to create a community :: March :: 2009
Our forum is basic so we don’t have the features that come with crowdsource designed tools like IdeaJam, Brightidea (used by Cisco), Salesforce have their own site, IdeaScale, UserVoice, Suggestion Box, CrowdSound (widget), Fevote
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