This article is part of THNK VIEWS. We bridge theory and practice on organizing imagination and innovation by extracting key implications and offering new insights to innovation practitioners from a rich database of research papers. This article builds on research conducted by Matthias Rass, Martin Dumbach, Frank Danzinger, Angelika C. Bullinger andKathrin M. Moeslein, Open Innovation and Firm Performance: The Mediating Role of Social Capital.
Everyone appears to be talking about the sharing economy and collaborative consumption nowadays, with some even wondering whether money will become superfluous in the future. Some speculate that the digitization of society will give rise to a reputation economy, with (online) trust serving as the new currency. Meanwhile, the recent financial crisis has left many pointing fingers not just at the banking system, but money-based business in general. Given the severity and societal backlash of the crisis, it is understandable that money has been disgraced to some extent. Yet, aren’t we being too harsh on money, ignoring its many benefits while over-romanticizing trust and social capital?