According to Jim Lavoie, CEO of Rite-Solutions, every employee should be involved in shaping the future of the company and every opinion deserves to be heard. With this goal in mind, Rite-Solutions launched Mutual Fun in 2005, a form of prediction market that enables employees to invest in the future of their company.
This month's selection
“If the quantity of information is increasing 2.5 quintillion bytes per day, the amount of useful information almost certainly isn’t.” How can you learn to process increasingly large data sets to make more accurate predictions? Based on The Signal and the Noise: why so many predictions fail – but some don’t, by Nate Silver (The Penguin Press, September 2012), “Oracles: How Prediction Markets Turn Employees Into Visionaries” by Donald N. Thompson (Harvard Business Review Press, 2012) and the interview with Jim Lavoie, CEO, Rite-Solutions, April 2013.
According to the authors of Get Lucky, serendipity is “the marriage of chance and creativity,” meaning that one part of the equation is in our hands. You have to be prepared to be “lucky” enough to stumble on the right idea. Based on Get Lucky: How to Put Planned Serendipity to Work for You and Your Business by Thor Muller and Lane Becker (Jossey-Bass, April 2012), Éloge de la chance: ou l’art de prendre sa vie en main by Philippe Gabillet (Saint-Simon, April 2012), and the interview with Umit Eraran, CEO of Shenzu Consulting, Singapore, April 2013.
According to participants in a study conducted by Robert Half in 2010, 35% of meetings are unnecessary. How did this extreme state-of-affairs come to be? How can we change it?
What makes social and ethnic diversity a driver of performance? How can you inspire company leaders to make progress in this area?