This December, sun is out for probably a week, the sky is so clear, deep, blue. This so not Seattle for December. At sunset, snow-peaked mount Rainer is magnificant. Last night, I saw valleys and peaks on the full moon shining through crisp night sky, it is an amazing sight. It seems we already have… [Read more…]
December 10, 2009
Comparing the study of digital media economics, with another subject like engineering, what has become clear to me is that in media industry, anything is but clear. That makes it more challenging and exciting at the same time. And hopefully I can summarize the views from a few different perspectives in a few simple words:… [Read more…]
December 7, 2009
Larry Downes, The Laws of Disruption: Harnessing the New Forces that Govern Life and Business in the Digital Age, Basic Books, 2009 In “The Laws of Disruption”, Larry Downes describes the disruptive impact of technology innovation and how the revolution in communications and commerce in the digital age is outpacing existing social, economic, and legal… [Read more…]
November 26, 2009
In the past few weeks, we have learned a lot about dramatic changes that have been taking place in the age of digital media. From the free model to peer production, we seen wealth of information created, as a result of the liberating power of the Internet. But often we question whether the expansion of… [Read more…]
November 19, 2009
Our small group (Vera, Pei-Chieh, Michelle) had an interesting discussion last night. We started by asking, if “free” is the better model, then how is it economically sustainable in the long run? In other words, if the Microsoft’s of the world will ultimately lose to free peer production, where would all the paying jobs go?… [Read more…]
November 8, 2009
The Wealth of Networks: How Social Production Transforms Markets and Freedom. Yochai Benkler. Yale University Press, 2006. In “The Wealth of Networks”, Yochai Benkler examines how the Internet and digital technology is changing society. Benkler describes new types of collaboration as “social production.” In his view, non-market innovation is reshaping markets, while at the same… [Read more…]
November 5, 2009
Do you know Gillette’s razor heads are the most shoplifted product in the UK? It was so bad, not only the package is protected by electronic tag, some stores also installs monitoring system that automatically activates when the product is removed from the shelf. A pack of eight razors costs £18.53, that’s almost $30! A… [Read more…]
October 30, 2009
When I first graduated from engineering, I was fortunate to work for a telecom giant. It was the number 4 equipment manufacturer in the world, and the president told us the goal was to be number 3 next year (which we did). As new hires, we had training, great opportunities, and a lot of fun.… [Read more…]
October 26, 2009
In “Free, The Future of a Radical Price” (Hyperion, 2009), Chris Anderson describes the new digital age as a world of “abundance”. He argues that businesses can profit more by giving things away than they can by charging for them – Free becomes a business strategy. Anderson has had an accomplished career. With a degree… [Read more…]
October 22, 2009
We all agree that change is taking place in digital media. What surprised me the most is how our fear for loss sometimes overshadows joy for new opportunities. Looking at the model again: Facilitation Cost / Aggregate Value Facilitation method is being revolutionized, facilitation cost is going down, way down. So any business and career… [Read more…]
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December 31, 2009
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