Social Production, Social Intllegence and Social Capital

Social Production, Social Intelligence and Social Capital

Social Production 

Social production occurs when people get together to generate genuine economic value, but little or no overt monetary incentives are involved. Wikipedia may be one of the most widely known examples of social production, with some 30 million different articles in nearly 300 languages, all created and edited by volunteers. (And before you ask just what kind of economic value is created by Wikipedia, you should examine the financial statements of companies like Encyclopedia Britannica and World Book Encyclopedia from twenty years ago.)

source : More detailed description of social production

a short paragraph relating to the founding of wikipedia
(In December 2008, Wales stated that he made Wikipedia's first edit, a test edit with the text "Hello, World!" The oldest article still preserved is the article UuU, created on Tuesday 16 January 2001, at 21:08 UTC. The existence of the project was formally announced and an appeal for volunteers to engage in content creation was made to the Nupedia mailing list on 17 January


The "UuU" edit, the first edit that is still preserved on Wikipedia to this day, as it appears using the Nostalgia skin.
The project received many new participants after being mentioned on the Slashdot website in July 2001, having already earned two minor mentions in March 2001. It then received a prominent pointer to a story on the community-edited technology and culture website Kuro5hin on 25 July. Between these relatively rapid influxes of traffic, there had been a steady stream of traffic from other sources, especially Google, which alone sent hundreds of new visitors to the site every day. Its first major mainstream media coverage was in the New York Times on Thursday 20 September 2001.

Source : Link to first paragraph above
NYT article mentioned in above paragraph
Source : link to new York times article mentioned above

Social Production is now everywhere and as the use of social media continues to grow stronger there is always room online for more whether it is a charity page that has been set up and shared, like pages, buy/sell pages and recently a lot of freebie or trading sites pages and apps have appeared.

Social Intelligence

Social intelligence is the capacity to effectively navigate and negotiate complex social relationships and environments. Data scientist Ross Honeywill believes social intelligence is an aggregated measure of self- and social-awareness, evolved social beliefs and attitudes, and a capacity and appetite to manage complex social change. Psychologist Nicholas Humphrey believes that it is social intelligence, rather than quantitative intelligence, that defines humans

Source : Social intelligence article
an example of social intelligence could be a group of gamers online communicating what to do next to survive or move forward through it working together in a well structured team

Social Capital 

 Social capital is a form of economic and cultural capital in which social networks are central, transactions are marked by reciprocity, trust, and cooperation, and market agents produce goods and services not mainly for themselves, but for a common good.

The term generally refers to (a) resources, and the value of these resources, both tangible (public spaces, private property) and intangible ("actors", "human capital", people), (b) the relationships among these resources, and (c) the impact that these relationships have on the resources involved in each relationship, and on larger groups. It is generally seen as a form of capital that produces public goods for a common good.

Social capital has been used to explain improved performance of diverse groups, the growth of entrepreneurial firms, superior managerial performance, enhanced supply chain relations, the value derived from strategic alliances, and the evolution of communities

A good example of social capital is targeted advertising dependant on what your searches and posts say about what type of products you like allowing companies to pin point what you are most likely to buy so they can display it to you to make the most money or pages that lead you to pages that help there company such as surveys or other promotional pages   

Source : social capital article         

Source : Link to image

Andrew tonner