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Velocity of Innovation

 Velocity of innovation means the velocity in which the organization can come up with a new idea for a product and present it to the market. Innovation is driven by business markets that fight time in order to beat their competitors by producing a new product. Velocity of Innovation is derived from the level of knowledge existing in the organization and how much of this knowledge is used.

Virtual Product

Usually, we note that Knowledge Management in the organization is a never ending task. The amount of information is usually correlated to the size of the organization and its tenure: the larger an organization is the larger amount of information flows to it and the older an organization, the more information and in turn insights and experience are accumulated as well.

'Virtual product' is a term which sprang from within the engineering community and refers to the byproduct created beside the development of the product itself. The entire organization focuses on the developed product and somehow, unnoticed, much knowledge and information is accumulated.  After delivering the product to the client, what remains in the organization is this byproduct, a virtual product. The documentation package as well as the knowledge in the developers' minds can remain relevant much after the product ends its life. The information and knowledge are property of the organization and have independent value regardless of the state of the physical product. The idea of a virtual product can apply to knowledge and information accumulated through projects in general, including those that did not involve the development of a physical product. If a cellular phone company is selling a service package, the methodology used for creating the packages is a virtual product accompanying the service development. The sky is truly the limit.

 

Vlogs

Not so long ago (several years ago), we were exposed to a new type of internet-based media: the blog, i.e. a shared internet log. This revolutionary media was used (and still is) as a "dear diary" for internet users of all shapes and sizes. Anyone who wanted, opened up a blog about any subject and wrote about it. These blogs, which were anything but personal, dealt (and still deal) with a specific subject chosen by the writer ('professionally' known as a 'blogger') and were open to internet users to read and catch up at all times.

The Blogs meant a real revolution. In no time, countless journals on any subject were opened, subjects including journalism, business, humor, fashion and marketing. Another genre dealt with the most personal lives of the contributing individuals. These blogs were so popular (and still are) and therefore became a force influencing public opinion (at least the high quality blogs) and a driving business force.

Nevertheless it seems that this hip tool has become outdated. Nowadays, we have Vlogs, which are video blogs. The essence is similar, the only difference being that the blog doesn't use only written content rather uses video and webcams as the journal's central content, and the content written in it is usually complimentary and is used as metadata and background material.

The Vlog is joining its 'older brother' the blog rapidly. Websites are being set up constantly (for example, http://videoblogging-universe.com). The cause for this phenomenon is clear: appetite comes with eating; the high exposure that made the possible answered an existing need, yet simultaneously enhanced it. The exposure to ext journals was partial and evolutionary development was inevitable. It began with audio logs which enabled, besides the written text, to hear the blogger. Yet these blogs were only an intermediate phase before the leap towards the Vlog which enables full, nearly uncensored exposure (for example, http://stevegarfield.blogs.com/videoblog).

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Vortal

We are all familiar with the term 'portal'. A portal is an 'entrance gate' (and not a site in itself) for knowledge, information and data created usually elsewhere. This platform/application that can serve as a shared 'entrance' for information segments and applications from different systems and websites, to organize them smartly and thus create additional value which does not exist when these information segments are separate.

In the external internet world, the additional value is financial. The portal creates interest centers which attract surfers. The portal's activators translate this into profit by charging membership fees, advertisement, marketing activities, etc.

In the organizational world, added value is the worker's abilities in terms of accessibility, sharing, decision making, and performing based on a wide range of information and knowledge; all the above, regardless of their organizational affiliation, to where the information is created or the platform on which it is created.

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