Part 2 of our series on Crowdsourcing & Open Innovation Books (go to part one). Wikinomics and Democratizing Innovation are my personal favorites of these four.

1. Wikinomics: How Mass Collaboration Changes Everything
   - by Don Tapscott, Anthony D. Williams
   As a proponent of peering, sharing, and open-source thinking, Don Tapscott has presented a clear and exciting preview of how peer innovation will change everything.
   —
2. Open Innovation: Researching a New Paradigm
   - by Henry Chesbrough, Wim Vanhaverbeke, Joel West
   Offering theoretical explanations for the use (and limits) of open innovation, the book examines the applicability of the concept, implications for the boundaries of firms, the potential of open innovation to prove successful, and implications for intellectual property policies and practices.
   —
3. Open Business Models: How to Thrive in the New Innovation Landscape
   - by Henry Chesbrough
   This vital resource provides a much-needed road map to connect innovation with IP management, so companies can create and capture value from ideas and technologies—wherever in the world they are found.
   —
4. Democratizing Innovation
   - by Eric Von Hippel
   “Von Hippel presents a persuasive case for the benefits of encouraging lead users to innovate and a truly intriguing look at what they’ve contributed to the world so far”
   Downloadable for free: here.

Please share your thoughts and reviews below (go to part one).

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Together with the X PRIZE foundation, Google has launched a new, ground-breaking competition: the Lunar X PRIZE Competition. Unlike Google’s fun video contest, the new crowdsourced competition is a little more serious. It concerns…

A global private race to the Moon. Grand Prize: $20.000.000.

The Google Lunar X PRIZE will be awarded to the team that can soft land a craft on the Moon that roams for at least 500 meters and transmits a Mooncast back to Earth. The Grand Prize is $20.000.000 until December 31, 2012; thereafter it will drop to $15.000.000 until December 31, 2014, at which point the competition will be terminated unless extended by Google and the X PRIZE Foundation.

In order to keep competitors interested, there will be a second prize of $5 million, awarded to the next team to land on the moon by the end of 2014. There will also be bonuses awarded for lunar landers that complete certain tasks, such as roving, finding water, or surviving the fortnight-long lunar night. The aim of the competition is to challenge engineers and entrepreneurs from around the world to develop low-cost methods of robotic space exploration. As such, the competition is an unprecedented crowdsourcing initiative.

On IDC’s European ICT Forum 2007, Don Tapscott presented his latest thoughts and insights on Wikinomics - Enterprise 2.0, the subject of his bestseller Wikinomics: How Mass Collaboration Changes Everything. The presentation gives a good overview of web 2.0 in relation to corporate strategy, and provides some insightful examples.

[slideshare 70097 wikinomics-winning-with-the-enterprise-2086&w=425]

Credits: ViNT