Using Prediction Markets for Collaboration

Prediction Markets Blog talks about Using Prediction Markets for Collaboration the use of collaborative tools and lists a few applications of such technology.
The post lists three particular directions for collaborative products namely:
New Lines of Communication

Prediction markets have the ability to open up new lines of communication within the organization. In a lot of companies, especially large ones, the executives don’t get to hear what the “normal” employees on the ground are thinking because the two groups are insulated by multiple layers of management hierarchy.

This is precisely what is called "Going to the Gemba" in Lean thinking and that's really what this sort of collaboration technology opens up. However, there is more than merely creating a common place/market where people can interact but actually going down to the floor and physically interacting with people is the way to go. Perhaps, collaboration takes us part of the way there but I don't think that it can or should be a substitute for taking the time and effort of going to the gemba.

Read more here.

Tags: Supply Chain Management, Supply Chain Collaboration, Predictive Markets, Brainstorming, Prediction Markets, Collaborative Brainstorming, Lean Thinking

posted by AJ @ 2:49 PM