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Course 571005- Wikinomics
  Final Exam
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571005v - Wikinomics

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Technology & Operations
12 CPE Credit Hours

Final Exam
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Read 'Chapter 1: Wikinomics' & answer the following question(s):
1. The new art and science of wikinomics is based on which new ideas?
2. Goldcorp changed its exploration approach inspired by Linux outsourcing venture
3. A self-organized collaborations process of a new mode of innovation and value creation is called
4. Web 2.0 is
5. What do we call this new economy where firms coexist and cocreate in loosely coupled networks?
Read 'Chapter 2: The Perfect Storm' & answer the following question(s):
6. The New Web is fundamentally different in both its architecture and applications. It is compared to a
7. The Old Web is compared to a
8. Google leads in its PageRank technology basing on which idea?
9. The Perfect Storm is brought about by the convergence of which factors?
10. How does Web 2.0 differ from the old web?
11. Which generation is called these, "baby-boom echo," the Net Generation?
12. The new Net Generation has these N-Gen norms,
13. Coase's law which explained the development of the gigantic corporation also explains why they are being replace by which new entity?
14. In many peer production communities, productive activities are
Read 'Chapter 3: The Peer Pioneers' & answer the following question(s):
15. Wikipedia is an example of peer production, a new way of producing goods and services that harnesses the power of mass collaboration.
16. Who invented the concept of wiki?
17. Who is the founder of Wikipedia? The largest encyclopedia in the world.
18. Embracing open source means embracing new mental models and new ways of conceptualizing value creation. TF
19. A strategic approach to design, development and distribution enabled IBM to speed innovation and off-load cost .
20. How do we define peer production in terms of its advantages?
21. Peer production will continue to grow in importance because,
22. The greatest risk to peer production is
Read 'Chapter 4: Ideagoras' & answer the following question(s):
23. What web site is a perfect example of Ideagoras
24. How are R&D departments of global corporations affected by Ideagoras
25. Innocentive is a company that
26. Companies can tap emerging global marketplaces to find uniquely qualified minds and discover and develop new products and services faster and much more efficiently that they have in the past. We call these marketplaces
27. Modern day ideagoras such as Innocentive serve a more specific purpose:
28. In the creative design process, firms should adhere to the principle that markets allow for an increasingly specialized division of labor.
Read 'Chapter 5: The Prosumers' & answer the following question(s):
29. Creative Commons provides licenses that allow you to protect your copyright ownership while allowing others to make derivative works, stipulating whether you only want to allow non-commercial or commercial use, among many other options. TF
30. A company-centric view of cocreation is summarized as :
31. In the consumer centric paradigm, customers want a genuine role in designing products of the future. Its just that they will do it on their own terms, in their own networks, and for their own ends.
Read 'Chapter 6: The New Alexandrians' & answer the following question(s):
32. Digitization means information can be shared, cross-referenced, and repurposed like never before. Knowledge can build more quickly within networks of firms and institutions that cross seamlessly over disciplinary boundaries.
33. The New Alexandrians
34. Keys to success in the knowledge-based economy are
35. Precompetitive knowledge commons is
36. In internet language, API is short for
37. Best uses of public data are often made by organizations in the non-profit sector that are free of political considerations that hamstring government agencies. Governments should move faster to create new platforms for participation and public knowledge.
Read 'Chapter 7: Platforms for Participation' & answer the following question(s):
38. Amazon is a pioneer in what are known as "affiliate programs" that it uses to drive traffic and sales through an immense network of external partners. Amazon has two principal types of affiliates : Amazon associates and
Read 'Chapter 8: The Global Plant Floor' & answer the following question(s):
39. "Productive friction", as termed by John Hagel and John Seely Brown, is
40. Just in time manufacturing techniques are
41. Design coordination is
42. Companies that build openly to build as big and as fast as possible are ultimately in the best position to figure out where the real economic value is.
43. "Productive friction", as termed by John Hagel and John Seely Brown, is the new learning that takes place as knowledge and tasks are shared across enterprise borders.
44. Highly collaborative approaches to manufacturing are not without risks because
Read 'Chapter 9: The Wiki Workplace' & answer the following question(s):
45. Five typical workplace functions are : teaming, time allocation, decision making, resource allocation, and communication.
46. Teaming is with the right tools and enough transparency, a large and diverse group of people self selecting to add value can complete even the most complex tasks with only a minimum of central control.
47. A classic example of time allocation
48. Decision making is a company strategy of acquiring collective intelligence through prediction markets that enable them to arrive at a decision based on the collected data
49. The idea on Resource Allocation is :
Read 'Chapter 10: Collaborative Minds' & answer the following question(s):
50. Engaging in elaborative communities means
51. Firefox community is a meritocratic hierarchy. They are a self governing community system that feeds the curiosity, passion, status seeking ego, and sociability of its "ambassadors", who as nonpaid members of the Mozilla community can approve new developments, speak to the press, and host parties in behalf of Mozilla
52. Institutions need gatekeepers : people - generally highly credentialed people - who are entrusted by society to preserve the core traditions, values and standards of practice that the institutions embody. Examples of gatekeepers are
Read 'Chapter 11: Enterprise 2.0' & answer the following question(s):
53. Mass collaboration _______ when the tools for creation and consumption are widely distributed and the goods in question are non-rival ( i.e. my consumption of the good does not deplete the supply available for you to consume).
54. The choice facing firms is not whether to engage and collaborate with peer production communities but determining
55. In 2007, Novartis released all of its raw data in the internet for free on which human disease
56. Enterprise 2.0 is a new kind of business entity, one that opens its doors to the world; coinnovates with everyone, especially customers; shares resources that were previously close guarded; harnesses the power of mass collaboration ; and behaves not as a multinational but as something new: a truly global firm.
57. Danny Hillis, who founded Thinking Machines and invented parallel computing, says there are two ways to build complex things:
58. Who created the housing maps using Google map and rentals listing from Craigslist?
59. Mozilla is the producer of _____ web browser , an open source pioneer and a leader in applying the principles of wikinomics to produce development and marketing.
60. The term " peer production" was coined by Yale professor
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