Oracles: How Prediction Markets Turn Employees into Visionaries
Language: English
Published by Harvard Business Review Press, 2012
- Hardcover
- Used
Seller: World of Books (was SecondSale), Montgomery, IL, U.S.A.World of Books (was SecondSale)
AbeBooks seller since December 20, 2007
Condition: Used - Good
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Add to basketItem description from seller
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.…
Seller Inventory # 00106003881
- Title
- Oracles: How Prediction Markets Turn Employees into Visionaries
- Author
- Donald N Thompson
- Publisher
- Harvard Business Review Press
- Publication year
- 2012
- Condition
- Good
- Binding
- Hardback
- Language
- English
- ISBN 10
- 1422183173
- ISBN 13
- 9781422183175
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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About the Author
"About the title" may belong to another edition of this title.
World of Books (was SecondSale)
Montgomery, IL, U.S.A.
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