Members have voted on a first round of eliminations to narrow the list of potential business ideas for The Business Experiment, and it's fascinating to see how the project develops now that the democratic marketplace of ideas is in action. Here's a summary of the project. In short: members of the site vote on every major business decision, including product development, marketing, hiring, and so forth. Are crowds smarter than individuals? I guess we'll find out.
(HT: Director Mitch.)
I'm kinda fond of benevolent dictatorship, myself. Too many cooks and all that...
It will be interesting how this works out. As the title suggests, it is a business EXPERIMENT. Future rounds are already being planned which tweak the model based on the results.
Also, I am still checking on getting you signed up.
That's a very interesting experiment, I wonder how it will work out. One thing I couldn't find on the site was how to deal with firing and layoffs. I think this would be difficult to vote on without even knowing the workers.
Surprisingly, most of the business ideas look pretty lame.
michael: I imagine the voters will work like a board of directors, and the actual hirings and firings will be handled by management as directed.