Buku/Printed Material

Oracles : how prediction markets turn employees into visionaries

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Why Prediction Markets Are Good for Business

From selecting the lead actress in a Broadway musical, to predicting a crucial delay in the delivery of Boeing’s 787 Dreamliner months before the CEO knew about it, to accurately forecasting US presidential elections—prediction markets have realized some amazing successes by aggregating the wisdom of crowds.

Until now, the potential for this unique approach has remained merely an interesting curiosity. But a handful of innovative organizations—GE, Google, Motorola, Microsoft, Eli Lily, even the CIA—has successfully tapped employee insights to change how business gets done.

In Oracles, Don Thompson explains how these and other firms use prediction markets to make better decisions, describing what could be the origins of a social revolution. Thompson shows how prediction markets can:

draw on the hidden knowledge of every employee
tap the “intellectual bandwidth” of retired employees
replace surveys
substitute for endless meetings

By showing successes and failures of real organizations, and identifying the common roadblocks they’ve overcome, Oracles offers a guide to begin testing expertise against the collective wisdom of employees and the market—all to the benefit of their bottom line.

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Ketersediaan

Informasi Detail

Judul Seri

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Penerbit

Boston, Massachusetts : Harvard Business Review., 2012

Deskripsi Fisik

261p. ill., index. ; 24 cm.

Bahasa

English

ISBN/ISSN

978-1422183175

Klasifikasi

ADF/ADBE Tho

Edisi

-

Subjek

Decision Making
Strategic planning
Organizational behaviour
Business forecasting

Versi lain/terkait

Lampiran Berkas

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