It is easy for business leaders to get bogged down by the risks associated with doing business, subsequently failing to move forward and trying new things. This week the Know More Media network launched a new user-powered site for business news and information called BizzBites, rebooting the business brain with innovation and offering targeted services for business people.

Digg was the site that revolutionized citizen media by "changing the way people consume news," according to Techcrunch. On December 7, Digg celebrated it's second anniversary by disclosing some Digg trivia (one day after Know More Media launched its very own news mashup site BTW but I'm sure it's just a coincidence).

Wal-Mart is often criticized (I will admit I am a critic) but the behemoth retailer revolutionized the retail industry with its ridiculously low prices, superstore business model, wage caps and strict attendance policies. Lately Wal-Mart has gotten away from its roots. Manager's Realm author Gary Bourgealt even questioned whether or not the company had lost its identity. The leaders quickly identified the problem and promptly executed the solution.

Google became the goliath of the internet search industry by being creative, bold and unafraid to take risks. Everyone was on edge when the search engine giant recently acquired YouTube in the midst of confrontations about copyright infringement from traditional media. This entrance into the mass media by Google marked a landmark in new media with the development of a new distribution model.

Citizen media and blogging are having an affect on mass media and as citizen journalist emerge from the underground, they are given greater responsibility as well as accountability. Most recently, celebrity gossip blogger PerezHilton was challenged for failing to credit photo journalists when using images. On a more positive side, citizen journalists - and other writers - are using as well as being offered new platforms to prove the internet's worth as a medium for publishing. ThePublishingSpot author Jason Boog even challenged writers to an experiment in open source journalism.