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Oracles : How Prediction Markets Turn Employees Into Visionaries by Donald N. Thompson is a book available to read on EtoBox.

What is Oracles : How Prediction Markets Turn Employees Into Visionaries about?

Why Prediction Markets Are Good for BusinessFrom 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 electionsprediction 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 organizationsGE, Google, Motorola, Microsoft, Eli Lily, even the CIAhas 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 meetingsBy 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

Author

Donald N. Thompson

Publisher

Boston, Mass.: Harvard Business Review Press

Published

2012

Language

EN

ISBN

9781422183175

Subjects

Business, Management

Updated

2026-03-24