SM: Talk about your competitive landscape. Are there hundreds of companies like yours out there right now?
DM: There used to be about 350 companies. I have not looked recently, but the way things have been consolidating I would expect around 175. >>>
Here is a summary of the posts from this past week, in case you missed them. >>>
We have discussed the role of the creator versus the role of the speculator. Let’s also discuss what are the outcomes of compensating creators over speculators. I would submit, speculators tend to have a less than compelling vision about what to do with wealth, whereas creators often have equally creative ideas about how to continue to create more value. While speculators gravitate toward excess and hedonism, creators gravitate toward further creativity. >>>
By Guest Author Clara Shih
Excerpt from Chapter 3, “Social Capital from Networking Online”
One important way the online social graph is manifesting itself in the sociology of business is in facilitating the accumulation of social capital… Early research already shows that bringing networks online makes people more capable and efficient at accumulating, managing, and exercising social capital. Consciously or unconsciously, people are using sites like Facebook and LinkedIn as tools for maximizing their social capital from relationships. >>>
One of the flaws in Capitalism 1.0 is that fairness has often been compromised, justice has often not even been considered. In 2.0, we have to pay attention to justice much more minutely! >>>
SM: What is the employment makeup of a typical team for one of your jobs?
DM: For residential it will take a team of four 2-3 days to do.
SM: What are the roles of those four people?
DM: There is typically a lead who is an electrician. >>>
In the Creator vs. Speculator debate, there is also the need to deal with the issue of when speculation becomes a way of value destruction as opposed to value creation.
One of the problems that we have with Wall Street compensation is that traders make money both as the market goes up and as the market goes down. And often, a tremendous amount of market manipulation is going on in the process, destroying many people’s honest, hard work. >>>
[For the next two weekends I’m featuring excerpts from a new book about using Facebook and Twitter for business: ‘The Facebook Era: Tapping Online Social Networks to Build Better Products, Reach New Audiences, and Sell More Stuff’ by Clara Shih, creator of the first business application on Facebook. According to Shih, Facebook is the new CRM. Online social networking is resulting in a sociocultural transformation in individuals’ behavior, expectations, and relationships – with important implications for sales and marketing. The book is available on Amazon; more information and Clara’s blog are on thefacebookera.com] >>>