يفسّر نجاح من أوساط اجتماعيّة

هذا كيف تنظيم يحثّ موظفاته. But the interesting find was the third group was far more productive than the first group. Even though no monetary incentive was provided to the third group. What happened? While the first and the second group worked within market norm, third group worked in the domain of the social norm.

Based on the above experiment, when people work in the domain of market norm, Adam Smith’s Market Economics works fine. But if people can be made to work in the domain of social norm, then Adam Smith’s Economics does not hold true. In the past social norm was constrained by space (your friends were in your neighborhood). But technology has expanded space and you can ‘virtually’ collaborate with people across multiple time zones. Now ’social norm’ can be successfully applied to motivate people to collaborate and create value based on a unique business model.