2 Posts found for Author: Jim Lavoie

New employees at Rite-Solutions get issued $10,000 worth of “opinion money” and are invited to become part of the company’s internal stock market for ideas. The stock market, named Mutual Fun, “is a mechanism to take the employee relationship beyond the transaction level—I pay you, you do a job—to an emotional level where people are entrusted with the future direction of the company, asked for … [ Read more ]

Author: Jim Lavoie | Source: “Are you ‘Humbitious’ enough to lead?” | Original Publication: Leader To Leader Journal | Subjects: Innovation, Leadership, Management, Organizational Behavior

Jim Lavoie, CEO of the technology firm Rite-Solutions, built something called a “Mutual Fun” market within the company’s intranet that has three indices employees can invest in—Savings Bonds for ideas on saving costs, Bow Jones for ideas on extending existing products, and Spazdaq for new product concepts. Any Rite-Solutions employee can suggest a new idea in any of these markets. Workers can also view the … [ Read more ]

Author: Jim Lavoie | Source: “Investing in the IT That Makes a Competitive Difference” | Original Publication: Harvard Business Review | Subject: Innovation