Tuesday, November 10, 2009

Unleashing the Collective Genius of Employees

Unleashing the Collective Genius of Employees is the name of a webcast from Stanford University which I watched recently. It describes an excellent idea for capturing and encouraging innovation in the workplace. If you're interested in watching the whole seminar it takes less than 1 hour and can be found here. http://tinyurl.com/ylnf3fm

In summary, it describes a kind of 'stock market' for ideas in which participants (the employees) are given notional capital to invest in the ideas generated from within the company. The idea is that rather than have good ideas lost in the 'ideas basket' because of a lack of time or resources or because the promotor of the idea can't navigate the politics, there is a mechanism to have ideas investigated and championed (or quashed) based on an internal market mechanism.

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