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DEFINITION: Wikinomics is a term that describes the effects of extensive collaboration and user-participation on the marketplace and corporate world. Don Tapscott and Anthony D. Williams popularized the term in their book, Wikinomics: How Mass Collaboration Changes Everything, published in December 2006. The word itself is constructed from wiki (a server program that allows users to collaborate on a Web site)  … 
Definition continues below.
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WIKI DEFINITION (continued): …  and economics. According to Tapscott and Williams, these four principles are the central concepts of wikinomics in the enterprise:Openness, which includes not only open standards and content but also financial transparency and an open attitude towards external ideas and resourcesPeering, which replaces hierarchical models with a more collaborative forum. Tapscott and Williams cite the development of Linux as the "quintessential example of peering."Sharing, which is a less proprietary approach to (among other things) products, intellectual property, bandwidth, scientific knowledgeActing … 
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