Advancing innovation with a “Mutual Fun” market
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