Blog Assignment #7 (Due: Mar 23 11:59 pm): Read a chapter in the e-book entitled 10 radical strategies for the new economy. Post a blog to discuss how the topic is related to knowledge management.

                                               Chapter 5: Feed The Web First

     After reading chapter five on feed the web first it relates to knowledge management. Knowledge management comprises a range of strategies and practices used in an organization to identify, create, represent, distribute, and enable adoption of insights and experiences. In this chapter it mentioned a great way to maximize the value of the net itself soon before the number one strategy for a firm. For instance, game companies will devote as much energy to promoting the platform—the tangle of users, game developers, and hardware manufacturers—as they do to their games. Another thing to do is seek the highest common denominator. Because of the laws of plentitude and increasing returns, the most valuable innovations are not the ones with the highest performance, but the ones with the highest performance on the widest basis—the "highest per widest." Any interesting point was to not invest in Esperanto. This means that you should avoid any scheme that requires the purchase of brand new protocols when usable ones are widely adopted. Something that caught my eyes in this chapter was dealing with inventing a novel standard for an existing network is quixotic. Interfection is when firms master one network and then use its embedded standards to exploit an established network in need of improvement. It seems that you see this almost anywhere you go. An example would be video game consoles. It seemed that Nintendo use to dominate in the later 90's era, but once the 20th century came you started to see new and improved consoles. The Xbox(by Microsoft)  and PlayStation(by Sony) are dominating the competition over the Nintendo industry. Xbox and PlayStation found ways to exploit the Nintendo flaws and create a better console.

Blog Assignment 6: Discuss the implication(s) of the notion of flat world for knowledge-based companies.

                                                       The World Is Flat

  Friedman's book The World is Flat is a necessary reality check to bring these factors into perspective and offer, if not answers to every problem, the drive to uncover working solutions. Friedman considers the banning of outsourcing, an action called for by many, to protect our country’s workers and the effect such an action would have on globalization. He concludes that erecting borders and walls would be detrimental to our goals and that Americans must instead be prepared to compete on a global playing field. This is an excellent statement. It seems that so many companies are outsourcing their work to foreign countries to pay them less money to produce their product. Also, offshoring using the Chinese manufacturing sector as a prime example, has forced other developing countries to try to keep up with their low cost solutions, resulting in better quality and cheaper products being produced worldwide.We look into commoditization in a wide range of industries, where everything is the same and supply is plentiful. Clients are flooded with options and everyone becomes the same. Each company is driven to be more creative and innovative, or risk falling between the cracks. Every company out there is trying to have the best knowledge-based industry. They are driven more nowadays then the past to strive to have the best creative and innovative products out there.