Google+ The World 2 Come: The End Of Management?

Saturday, July 10, 2004

The End Of Management?

"With experimental markets, workers are betting on their company's future — and moving in on the boss's domain."

"The end of management just might look something like this. You show up for work, boot up your computer and log onto your company's Intranet to make a few trades before getting down to work. You see how your stocks did the day before and then execute a few new orders. You think your company should step up production next month, and you trade on that thought. You sell stock for the production of 20,000 units and buy stock that represents an order for 30,000 instead. All around you, as co-workers arrive at their cubicles, they too flick on their computers and trade.

Together, you are buyers and sellers of your company's future. Through your trades, you determine what is going to happen and then decide how your company should respond. With employees in the trading pits betting on the future, who needs the manager in the corner office?"

Source: Time
See also:
How making wagers on the future can make it happen faster - Robin Hanson
In the New Financial Cosmos, It Will Be Safer to Take a Dare - Business Week
The global corporation becomes the leaderless corporation - Business Week
The Case for Terrorism Futures - Wired
The Wisdom of Crowds - Jason Kottke
Thomas Malone - Perspective - IT Conversations
Pork bellies or the presidency: The market will choose -
The Swarmbots Are Coming - Wired
The Iowa Electronic Markets
BlogShares - Fantasy Blog Share Market

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