Group items tagged

some of the principles of the Internet culture are actually becoming critical in creating successful organizations

the Internet culture is setting the foundation for a different way of generating economic and social value.

set of values that I believe are relevant for all organization wishing to reinvent their model to be more successful, attract talent and be more sustainable.

Resilience

more chances to successfully face complexity, speed and unpredictability

Bouncing back is more valuable than being tough.

establish a circle of trust

resources from your network, from outside, rather than stocking them.

Compasses (instead of maps)

through clear principles and transparency.

Pull (instead of push)/ Smart crowd (instead of experts)

post-sale structure

Portfolios (instead of planning)/ Practice (instead of theory)

Prototype, and leverage the ecosystem to fail fast (or scale rapidly).

testing less than perfect products into a receptive and responsive ecosystem

Systems (instead of objects)

the social components, and the interdependence of people, groups and objects.

a new set of currency that will merge the intrinsic value with the extrinsic social components associated with it.

groups of people can produce a better outcome than single individuals.

planning everything excludes the unexpected

keeping the eyes open

Encourage rebellion (instead of compliance)/Constant learning (instead of education)

asking questions and not accepting the traditional answers as given

structurally encouraged to question in order to guarantee future development and innovation

Canadians have reached top tier global performance in reading, mathematics, problem solving and science, and Canada has rising numbers of graduates with doctoral degrees in science and engineering.

This valuable resource of highly qualified and skilled individuals needs to be better leveraged.

The ease and ability of the academic community to collaborate, including through research networks, is also well-recognized.

to develop technologies, products and services that add value and create high-paying jobs.

Canada has an impressive record when it comes to research and the quality of its knowledge base.

Still, the innovative performance of Canada's firms and the productivity growth continue to lag behind competing nations.

The government is also committed to moving forward with a new approach to promoting business innovation—one that emphasizes active business-led initiatives and focuses resources on better fostering the growth of innovative firms.

Achieving this requires the concerted effort of all players in the innovation system—to ensure each does what one does best and to leverage one another's strengths.

the government has invested more to support science, technology and innovative companies than ever before

Canada must become more innovative

providing a new framework to guide federal ST&I investments and priorities. That is why the Government of Canada stated its intention to release an updated ST&I Strategy in the October 2013 Speech from the Throne.

seeking the views of stakeholders from all sectors of the ST&I system—including universities, colleges and polytechnics, the business community, and Canadians

written submissions from all Canadians on the policy issues and questions presented in this paper.

The government remains focused on creating jobs, growth and long-term prosperity for Canadians

encouraging partnerships with industry, attracting highly skilled researchers, continuing investments in discovery-driven research, strengthening Canada's knowledge base, supporting research infrastructure and providing incentives to private sector innovation.

has transformed the National Research Council, doubled its investment

supported research collaborations through the federal granting councils

created the new Venture Capital Action Plan

helping to promote greater commercialization of research and development

Our country continues to lead the G7 in spending on R&D

Canada has a world-class post-secondary education system that embraces and successfully leverages collaboration with the private sector, particularly through research networks

destination for some of the world's brightest minds

global race

businesses that embrace innovation-based strategies

post-secondary and research institutions that attract and nurture highly qualified and skilled talent

researchers who push the frontiers of knowledge

governments that provide the support

low taxes, strong support for new businesses, a soundly regulated banking system, and ready availability of financial services

reducing red tape

expanding training partnerships and improving access to venture capital.

Collaboration is key to mobilizing innovation

invest in partnerships between businesses and colleges and universities

Economic Action Plans (EAP) 2012 and 2013

provide incentive for innovative activity in firms, improved access to venture capital, augmented and more coordinated direct support to firms, and deeper partnerships and connections between the public and private sectors.

At the heart of Movenbank is a concept call CRED.

The difference today is our ability to capture data from across an array of digital services. With every trade we make, comment we leave, person we "friend", spammer we flag or badge we earn, we leave a trail of how well we can or can't be trusted.

An aggregated online reputation having a real-world value holds enormous potential

peer-to-peer marketplaces, where a high degree of trust is required between strangers; and where a traditional approach based on disjointed information sources is currently inefficient, such as recruiting.

opportunity to reinvent the way people found jobs through online reputation

"It's not about your credit, but your credibility," King says.

But this wealth of data raises an important question -- who owns our reputation? Shouldn't our hard-earned online status be portable? If you're a SuperHost on Airbnb, shouldn't you be able to use that reputation to, say, get a loan, or start selling on Etsy?

"People are currently underusing their networks and reputation," King says. "I want to help people to understand and build their influence and reputation, and think of it as capital they can put to good use."

Social scientists have long been trying to quantify the value of reputation.

Using functional magnetic resonance imaging, the researchers monitored brain activity

"The implication of our study is that different types of reward are coded by the same currency system." In other words, our brains neurologically compute personal reputation to be as valuable as money.

Personal reputation has been a means of making socioeconomic decisions for thousands of years. The difference today is that network technologies are digitally enabling the trust we used to experience face-to-face -- meaning that interactions and exchanges are taking place between total strangers.

Trust and reputation become acutely important in peer-to-peer marketplaces such as WhipCar and Airbnb, where members are taking a risk renting out their cars or their homes.

When you are trading peer-to-peer, you can't count on traditional credit scores. A different measurement is needed. Reputation fills this gap because it's the ultimate output of how much a community trusts you.

Welcome to the reputation economy, where your online history becomes more powerful than your credit history.

Presently, reputation data doesn't transfer between verticals.

A wave of startups, including Connect.Me, TrustCloud, TrustRank, Legit and WhyTrusted, are trying to solve this problem by designing systems that correlate reputation data. By building a system based on "reputation API" -- a combination of a user's activity, ratings and reviews across sites -- Legit is working to build a service that gives users a score from zero to 100. In trying to create a universal metric for a person's trustworthiness, they are trying to "become the credit system of the sharing economy", says Jeremy Barton, the 27-year-old San Francisco-based cofounder of Legit.

His company, and other reputation ventures, face some big challenges if they are to become, effectively, the PayPal of trust. The most obvious is coming up with algorithms that can't be easily gamed or polluted by trolls. And then there's the critical hurdle of convincing online marketplaces not just to open up their reputation vaults, but create a standardised format for how they frame and collect reputation data. "We think companies will share reputation data for the same reasons banks give credit data to credit bureaux," says Rob Boyle, Legit cofounder and CTO. "It is beneficial for one company to give up their slice of reputation data if in return they get access to the bigger picture: aggregated data from other companies."

PeerIndex, Kred and Klout,

are measuring social influence, not reputation. "Influence measures your ability to drag someone into action,"

"Reputation is an indicator of whether a person is good or bad and, ultimately, are they trustworthy?"

Early influence and reputation aggregators will undoubtedly learn by trial and error -- but they will also face the significant challenge of pioneering the use of reputation data in a responsible way. And there's a challenge beyond that: reputation is largely contextual, so it's tricky to transport it to other situations.

Many of the ventures starting to make strides in the reputation economy are measuring different dimensions of reputation.

reputation is a measure of knowledge

a measure of trust

a measure of propensity to pay

measure of influence

Reputation capital is not about combining a selection of different measures into a single number -- people are too nuanced and complex to be distilled into single digits or binary ratings.

It's the culmination of many layers of reputation you build in different places that genuinely reflect who you are as a person and figuring out exactly how that carries value in a variety of contexts.

The most basic level is verification of your true identity

reliability and helpfulness

do what we say we are going to do

respect another person's property

trusted to pay on time

we will be able to perform a Google- or Facebook-like search and see a picture of a person's behaviour in many different contexts, over a length of time. Slivers of data that have until now lived in secluded isolation online will be available in one place. Answers on Quora, reviews on TripAdvisor, comments on Amazon, feedback on Airbnb, videos posted on YouTube, social groups joined, or presentations on SlideShare; as well as a history and real-time stream of who has trusted you, when, where and why. The whole package will come together in your personal reputation dashboard, painting a comprehensive, definitive picture of your intentions, capabilities and values.

idea of global reputation

By the end of the decade, a good online reputation could be the most valuable currency in your possession.

For all the happiness and sharing, real money is involved here. In July GitHub received $100 million from the venture capital firm Andreessen Horowitz. This early in most software companies’ lives, $20 million would be a fortune.

GitHub’s popularity has also made it an important way for companies to recruit engineers, because some of the best people in the business are showing their work or dissecting the work of others inside some of the public pull requests.

Mr. Preston-Werner thinks the way open source requires a high degree of trust and collaboration among relative equals (plus a few high-level managers who define the scope of a job and make final decisions) can be extended more broadly, even into government.

“For now this is about code, but we can make the burden of decision-making into an opportunity,” he said. “It would be useful if you could capture the process of decision-making, and see who suggested the decisions that created a law or a bill.”

Can this really be extended across a large, complex organization, however?

As complex as an open-source project may be, it is also based on a single, well-defined outcome, and an engineering task that is generally free of concepts like fairness and justice, about which people can debate endlessly.

Google once prided itself on few managers and fast action, but has found that getting big can also involve lots more meetings.

Still, these fast-rising successes may be on to something more than simply universalizing the means of their own good fortune. An early guru of the Information Age, Peter Drucker, wrote often in the latter part of his career of the need for managers to define tasks, and for workers to seek fulfillment before profits.

Anchor the message by positioning against a leader

Offbeat humor and great comedic timing keeps the viewer engaged in this video