will collective wisdom useful in online business?

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will collective wisdom useful in online business?

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monte2

posts: 4

Nov 29, 2008 7:01 AM ET Quote Report Abuse

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Social network is popular, create websites and and blogs are easy now,
but create an online business is still difficult:
1. Big money is needed to start
or
2. If it is started, it is not quaranteed to get users, etc...

can we work collectively to create an online business using collective wisdom theory?

CraigL

posts: 9051

Nov 30, 2008 2:45 PM ET Quote Report Abuse

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No, because there`s no practical organization of "collective" wisdom. It`s consensus decision-making, working with an unmanaged simple majority.

patentandtrademark

posts: 1332

Dec 01, 2008 10:52 AM ET Quote Report Abuse

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no.

-------------------------

James Lindon, Ph.D. Patent Attorney
Lindon & Lindon, LLC
Cleveland, Ohio
Patents, Trademarks, Copyrights, Pharmacy Law, Litigation
[this is not legal advice - provided for discussion only]
Intellectual Property for the Individual and Small Business: Identify, Protect, Enforce, Defend.
"Fools rush in where angels fear to tread."
http://www.LindonLaw.com

RabbitMountain

posts: 423

Dec 03, 2008 5:21 PM ET Quote Report Abuse

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No because someone has to put his or her name on the paperwork as the party responsible for taxes, expenses, loan payments and the like.

RetiredMember5

posts: 58

Dec 05, 2008 1:51 PM ET Quote Report Abuse

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What is the business and approach?

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will collective wisdom useful in online business?

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