Verna Allee gave a presentation at MeshForum 2006 on Value Networks. I think this is a great presentation. She describes:
“A value network is a way at looking at any purposeful organization, company, or network. It is any web of relationships that creates value through complex, dynamic exchanges of tangible and intangible value.”
She makes the case that the economic theory for the new economy is still undefined. She also details how companies have no good way to measure the value of intangible assets. She says the traditional measures are tied to the the creation of tangible assets, which is then reinforced by current economic theory and practice. My favorite part comes at 36:07 minutes into the podcast, she makes a case for using Living systems as a way to think about the new economy (built on intangible assets like Information, talent, capability). At this point she describes why living systems are so great, because the are capable of renewal and are intelligent (an Autopoietic system). Living system’s are Autopoietic because of two types of exchanges; the first type is an exchange of matter and energy, the second type is an exchange of Intelligence (a.k.a. cognitive exchanges). I think she is on to something.
The cognitive economy is really about exchanges of intelligence. If you have not really followed my posts on the Cognitive economy listen to this presentation.
Steve Gillmor if you haven’t heard this presentation yet, you should listen to it. Ed Batista you will also find this presentation interesting. I will have to listen to this one again, I know I’m not doing the presentation justice.
Check it out.