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Bringing the bazaar of ideas to Business

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Bringing the bazaar of ideas to Business
Topic: Business 9:51 pm EDT, May 10, 2006

Great idea - bring the bazaar of ideas (ala Linux) to the marketplace.

LIKE many top executives, James R. Lavoie and Joseph M. Marino keep a close eye on the stock market. But the two men, co-founders of Rite-Solutions, a software company that builds advanced — and highly classified — command-and-control systems for the Navy, don't worry much about Nasdaq or the New York Stock Exchange.

Instead, they focus on an internal market where any employee can propose that the company acquire a new technology, enter a new business or make an efficiency improvement. These proposals become stocks, complete with ticker symbols, discussion lists and e-mail alerts. Employees buy or sell the stocks, and prices change to reflect the sentiments of the company's engineers, computer scientists and project managers — as well as its marketers, accountants and even the receptionist.

Bringing the bazaar of ideas to Business



 
 
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