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.....

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