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Idea Stock Exchange

Retrospeak writes to tell us The New York Times has an interesting article on an interesting business strategy used by a company called Rite-Solutions. The system recognizes the need for harvesting ideas from the entire company instead of just one or two "idea-men" in a stock-market-esque idea exchange. From the article: "We're the founders, but we're far from the smartest people here," Mr. Lavoie, the chief executive, said during an interview at Rite-Solutions' headquarters outside Newport, R.I. "At most companies, especially technology companies, the most brilliant insights tend to come from people other than senior management. So we created a marketplace to harvest collective genius."

6 of 160 comments (clear)

  1. Hey by smvp6459 · · Score: 5, Funny

    Can I sell ideas short?

    1. Re:Hey by B3ryllium · · Score: 3, Funny

      They call that "marketing".

  2. It's a trap! by Jester998 · · Score: 4, Funny

    We're the founders, but we're far from the smartest people here

    Anyone who submits an idea gets labelled "not a team player" for not backing management's ludicrous schemes.

    It's a trap!

    [/end Dilbert-esque paranoia]

  3. Idea Stock Exchange by Anonymous Coward · · Score: 5, Funny

    I'm going to short neoconservatism.

  4. Yes, even the general public could brainstorm by GuyMannDude · · Score: 3, Funny

    Yes, in fact, the Japanese used this method to allow the general populace to brainstorm creative solutions to the country's most vexing problem. Unfortunately for them, the demographics of the country were such that the votes of children aged 5-12 largely determined the resulting solution.

    GMD

  5. We tried to get HP to do this... by Baldrson · · Score: 3, Funny
    But it was shot down by management.

    I'm not kidding.