Oracles

Oracles

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Thompson, Donald N. Harvard Business School Publishing Corporation, 2012 Audio summary available
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IN THIS SUMMARY

The “smartest guy in the room” is not more intelligent than the collective wisdom of a company’s entire workforce. However, most business organizations relinquish all decision-making responsibilities to one visionary founder, powerful CEO, or senior executive. In Oracles, Donald N. Thompson uses case studies and real business scenarios to illustrate how internal prediction markets make it possible to aggregate the information, insights, and instincts of employee “investors” from every level of an enterprise. He believes these markets are superior to traditional forecasting tools and makes the case that armed with unbiased group consensus, companies are better able to make informed business decisions.