- “Wikinomics” combines the term “wiki” (from the Hawaiian word for “quick”) with
“economics,” but even more than speed, Wikinomics refers to a new way of interacting
that is appropriate for and made possible by the digital age. It is built on software that
enables collaboration.
- Wikinomics is based on four principles: “openness, peering, sharing and acting globally.”Wikinomics is based on four principles: “openness, peering, sharing and acting globally.”
- Traditional consumers are relatively passive. They consume what others produce.
“Prosumers,” by contrast, co-create products in tandem with providers.development. - In ancient Greece, people met in the agora (marketplace), where the great philosophers
taught. The online world has spawned something similar: the “ideagora,” a virtual
“marketplace of ideas.” Using an ideagora is like “having an eBay for innovation.”
