Joy's Law (management)
In management, Joy's Law is the principle that "No matter who you are, most of the smartest people work for someone else,” attributed to Sun Microsystems co-founder Bill Joy. Joy was prompted to state this observation through his dislike of Bill Gates’ view of “Microsoft as an IQ monopolist.” He argued that, instead, “It’s better to create an ecology that gets all the world’s smartest people toiling in your garden for your goals. If you rely solely on your own employees, you’ll never solve all your customers’ needs.” Core to this principle is the definition of smart within the context of the quotation. Smart "refers to capability but not willingness to work for someone." Furthermore, "the fact that you are smart for one company does not make you smart for another." Richard Pettinger, Director of Information Management for Business, UCL  The law highlights an essential problem that is faced by many modern businesses, "that in any given sphere of activity most of the pertinent knowledge will reside outside the boundaries of any one organization, and the central challenge [is] to find ways to access that knowledge." With the continuous developments in technology- particularly access to the World Wide Web, it is evident that Joy's law is holding truer and truer as we move into the present. Now that 7,181,858,619 people worldwide have access, it only makes for an ever evolving community of smart people who should be used appropriately in order to reach full potential in a business.
In computing, the same Bill Joy gave estimates about microprocessor performance increase.
Underlying principles of Knowledge for Joy’s Law
Friedrich Hayek, an economist and philosopher known for his argument against classical liberalism, observed that “knowledge is unevenly distributed.” The ‘knowledge’ that Hayek refers to is the knowledge that the ‘smartest people’ possess in Joy’s law. Hayek states that the problem of a rational economic order is because knowledge that we wish to grasp never exists in a “concentrated or integrated form but solely as the dispersed bits of incomplete and frequently contradictory knowledge which all the separate individuals possess.” In other words, it is impossible to aggregate all the knowledge that exists. This explains that Joy is right in saying that “most of the smartest people work for someone else.”
Joy's Law in Journalism
In 2011, Forbes carried out a project where they offered ‘smart’ people who worked for others, which included journalists, authors, academics and topic experts a chance to build brands on Forbes.com using their experience in the industry. By integrating experienced employee’s from other companies into a Forbes based project, they successfully implemented Joy’s Law. In other words, they “aligned FORBES to Joy’s Law and built a model that taps this big world of talent,” Rich Karlgaard, Publisher of Forbes 
Joy's Law in Open Innovation
One interpretation of Joy’s Law is that of Chief Technology Officer Todd Park, through his summary of the challenge of open innovation in government: “Even if you get the best and the brightest to work for you, there will always be an infinite number of other, smarter people employed by others.”
- Lakhani KR, Panetta JA (2007). The Principles of Distributed Innovation 2. MIT Press.
- Karlgaard, Rich (11/09/2007). "Publisher, Forbes Magazine". Forbes. Forbes. Retrieved 23 October 2014. Check date values in:
- Richard Pettinger, Programme Director (BSc/MSci Information Management for Business), email, 17/10/2014
- Lakhani; Panetta, Karim R; Jill A (2007). "The Principles of Distributed Innovation". MIT Press Journal: 97. Retrieved 23 October 2014.
- "World Internet Users and Population Stats". internetworldstats. 31/12/2013. Retrieved 23 October 2014. Check date values in:
- Kriman, Alfred M. "SBF Glossary: Jo. to J-2".
- Huff, edited by Anne Sigismund; Möslein,, Kathrin M.; Reichwald, Ralf (2013). Leading open innovation. Cambridge, Mass.: MIT Press. p. 162. ISBN 9780262018494. Retrieved 24 October 2014.
- Hayek, Friedrich A. The use of knowledge in society (XXXV, No. 4 ed.). American Economic Review. pp. 519–30. Retrieved 24 October 2014.
- Dvorkin, Lewis (12/01/2011). "Forbes Contributors Talk About Our Model for Entrepreneurial Journalism". Forbes. Forbes. Retrieved 23 October 2014. Check date values in:
- Tuutti, Camille (Friday, May 03, 2013). "Why Joy’s Law applies to open innovation". FedScoop (FedScoop). Retrieved 24 October 2014. Check date values in:
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