Knowledge and the $64,000 question

Posted by dennis on August 20th, 2008

The traditional philanthropic model revolves around money…Money is important, but it’s not everything… When I talk to friends and colleagues in the nonprofit sector, what I hear again and again is a desire for knowledge.There are a lot of reasons why nonprofit executives are hungry for knowledge. They work on particularly stubborn problems…This knowledge transfer is already happening, but not effectively. Face-to-face conferences are expensive and often logistically impossible…like all personal networks, they don’t scale efficiently…

That is from a nice post by Michael Idinopulos over at SocialText. I really like how he highlights the importance of knowledge as an equal partner of money in the equation. He goes on to say:

The absence of a strong market mechanism and regulating institutions allow bad management practices to endure.

The interesting thing about markets is that they involve transactions – someone provides something to someone else for something in return. It doesn’t have to be money – it can be status, a favor, or just a good feeling. But without this “something in return,” markets don’t function well.

Michael goes on to say:

It’s not hard to imagine a better way. I’m envisioning an online knowledge networking tool for nonprofits…

How can we make such an online knowledge tool into a well-functioning market so that it gets widely used? That is the $64,000 question.

Tags: , , , ,

One Response to “Knowledge and the $64,000 question”

  1. […] – bookmarked by 4 members originally found by jowens on 2008-11-01 Knowledge and the $64000 question http://blog.globalgiving.com/2008/08/20/knowledge-and-the-64000-question/ – bookmarked by 4 […]