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the innovative LEDGER
An e-Newsletter from The Innovative Edge™ Inc.

  Vol. 5, No. 7, July 2005
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The Creative Power of the (Not So) Many
By Jeff Govendo

I just looked up the word “dinosaur” in the encyclopedia. I did this because, having just learned about Wikipedia, the on-line encyclopedia, I wanted to re-enact what I did when my dad brought home our very first family encyclopedia when I was six years old. Unlike the old World Book, which had about three pages on the subject, this one had hyperlinks to specific subheadings and related sites that would probably take me the better part of a day to go through.

Wikipedia is a free, online resource with over 600,000 entries in English (there are also versions in nearly every other language), and growing daily. What is unique about this resource is that the articles are the products of visitors to the site; they are added to and edited by the readers themselves, with supposedly sufficient oversight to prevent “crank” entries or blatant misinformation. Whether reader-edited reference material proves viable in the long run or is simply a passing cyberfad, only time will tell.

I read about Wikipedia in a recent Business Week cover story about the explosion of mass collaboration and information-sharing that is taking place on the Internet, in the context of retail markets (e.g., eBay, Amazon), politics (the Drudge Report and thousands of other blogs), technology (Linux, Skype phone service), entertainment (Apple iTunes), product innovation (InnoCentive, which encourages product ideas for corporate clients from legions of independent “inventors”), and countless others. These collaboration sites are creating the cyberspace equivalent of town meeting places, where people would gather to share information, build on each other’s ideas, and no doubt disagree and argue a lot.

Perhaps it’s not surprising that in a world where conflict, preoccupation over security, and political polarization have pulled so many people apart, the desire to come together has never been stronger. The Internet is providing a brand new way to address an age-old need, albeit from a “safe distance.”

But what if you’re not a giant, online marketplace like eBay, or not willing to spend most of your waking hours facilitating discussions on a blog? What if, instead, you’re a small manufacturer or retailer with a modest-size workforce and budget, and still want the benefits of creative thinking and excellent collaboration in order to remain competitive? How can you even begin to approximate the range of ideas and suggestions seen in these online enterprises?

Well, it would be hard for anyone to compete with the combined brainpower of several million contributors. On the other hand, in your business you have something they don’t: nobody out there knows your line of work as well as your own people. The expertise is right there. All you have to do is couple that deep knowledge and wisdom with their innate creativity, and your company’s capacity to innovate will be inexhaustible.

In the next issue of this newsletter (August), we’ll focus on some specific things you can do to fully harness the creative power of your workforce and customers.

And you won’t have to spend a day looking it up in Wikipedia.

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Names We Like

We're always on the lookout for creative product or business names!.

  • View Finders (stock photography supplier) - a name that may eventually lose its meaning as smaller digital cameras are made without... viewfinders!
  • Tickers (watch retailer) - I suppose we could say the same about this name. When is the last time you heard a ticking wristwatch?
  • Second Thoughts (used book retailer) - compared with so many new books on CD, these are real page turners!
  • Messagenius (electronic messaging devices) - this is a tough one. We like the melding of two words that "spell into" each other...but how do you pronounce it?

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    Innovation Quotation

"You can't depend on your judgment when your imagination is out of focus."
- Mark Twain


Copyright © 2005 The Innovative Edge, Inc.