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Post on 06-Jul-2015

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DESCRIPTION

Brief presentation on Wikipedia and why it is a successful product. Compiled for a course on entrepreneurship.

TRANSCRIPT

Page 1: Wikipedia
Page 2: Wikipedia

Overview

• About Wikipedia

• PESTEL/TPNG

• Target Audience

• Competitors

• DWM

• As CEO

Page 3: Wikipedia

Wikipedia

• Launched in 2001 by Jimmy

Wales & Larry Sanger

• Wikipedia is a free, web-

based, collaborative, multiling

ual encyclopedia project

supported by the non-profit

Wikimedia Foundation

• Contains 18 million+ articles

(3.6 million+ in English)

• Articles been written by

volunteers

Page 4: Wikipedia

PESTEL/TPNG

• PESTEL– Economic: People needed

a free source to find information (Britannica charges for full articles)

– Social: Movement toward user-generated content

– Technological: The ability for a website where users could submit their own information about a topic

Page 5: Wikipedia

PESTEL/TPNG

• TPNG– Trends: User-generated

contents

– Problems & Gaps: No singular website where people could go to find information on virtually everything

– Needs: Place where people could share their knowledge and learn

Page 6: Wikipedia

Target Audience

• Students

• Those seeking quick

answers

• Don’t need precise

information

• YOU

Page 7: Wikipedia

Competitors

• Libraries

• Random online sources

• Online encyclopedias

• Textbooks

Page 8: Wikipedia

DWM

• Anyone can edit entries

• Prevent disruption or vandalism by restricting editing

• Contribution can be anonymous

• Continuous updating and creation of articles

• Information about historic events appear within minutes

• Wikipedia is accessible in 200+ languages

Page 9: Wikipedia

DWM

• Includes

– Dictionary

– Quotations

– Books

– Manuals

– Scientific reference sources

– News service.

• Continuous editing of articles results in increasing quality and consensus of information.

• Low publishing cost due to lack of printing

Page 10: Wikipedia

As CEO

• Redesign website to be more aesthetic

• Monitor edited articles for accuracy

• Promote crowdsourcing benefits

• Bring in some funding from sponsors

• And more…

Page 11: Wikipedia