Businesses, New and Old, Are Finding Wealth with the “Wiki Business Model”

The collective contribution of crowds can do more than produce good forecasts. This realization is driving the rise of a new and powerful business model that just might provide opportunities for you. Keep listening.

The word “wiki” means “fast” in Hawaiian. According to The New York Times,¹ the first person to apply it to the Internet was Ward Cunningham, who developed a software program called WikiWikiWeb in 1994. Cunningham wanted to allow computer programmers to swap ideas for writing.....