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Shuan Pai

Reaganomics, by William A. Niskanen: The Concise Encyclopedia of Economics | Library of... - 0 views

www.econlib.org/...Reaganomics.html

shared by Shuan Pai on 09 Nov 10 - Cached
  • Reaganomics" was the most serious attempt to change the course of U.S. economic policy of any administration since the New Deal.
  • These major policy changes, in turn, were expected to increase saving and investment, increase economic growth, balance the budget, restore healthy financial markets, and reduce inflation and interest rates.
Brandon McCloskey

Crowdsourcing: Turning customers into creative directors - 1 views

www.bbc.co.uk/...business-11437839

crowdsourcing digiciv economy

shared by Brandon McCloskey on 08 Nov 10 - No Cached
  • "What we think is good for the consumer doesn't matter - it's what the consumer thinks is good that matters."
  • When you link the consumer to the manufacturer there are huge areas of opportunity
  • It's the internet, of course, that makes crowdsourcing possible - on a global scale.
  • ...6 more annotations...
  • But there are pitfalls. "The biggest caveat is the issue of curation. It's great you opening the gates up to everybody - but all of a sudden you're going to get a lot more stuff."
  • "We later learned that it was this revolutionary business model. I think the reason it's so pure like that is the reason it's worked so well as a crowdsourcing company."
  • "I think that the way companies are seeing crowdsourcing is a lot different from the way we see it. They are looking at it as this new business model, as a way to outsource your work to an anonymous crowd of people. We're more about giving people something productive to do with their passions."
  • it's not so much the software that makes the company, it's the community
  • "It's an affordable way to be ahead. You're able to see what your customers are thinking and what they're dreaming of, and you're able to measure that against what you're doing."
  • His concern is that by "mining" the crowd in this way, the wealth that results from the work done remains concentrated in the hands of the people who put out the call - ultimately endangering jobs and the economy. Mr Lanier also believes that crowdsourcing threatens creativity.
  • Brandon McCloskey on 08 Nov 10
     
    Examples of successful crowdsourcing
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