By Hind Benbya

This e-book investigates the layout and implementation of industry mechanisms to discover how they could aid wisdom- and innovation administration inside enterprises. The publication makes use of a multi-method layout, combining qualitative and quantitative situations with experimentation. First the publication studies conventional ways to fixing the matter in addition to markets as a key mechanism for challenge fixing. After a brief discourse at the utilized method the ebook discusses inner- marketplace kinds and examples of inner markets. It is going directly to describe layout instructions together with incentives layout, governance mechanisms and classes realized. It then analyzes the results of inner wisdom markets. The booklet concludes with implications for idea and perform in addition to the non permanent perspectives.

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4 Summary To address the question of whether access to knowledge produced and gathered within the same organization affects the performance of knowledge workers, we examined two years of micro data from a major financial institution. Data include all accesses to a knowledge market, objective and subjective performance measures, and all promotions among more than 2,800 loan officers. We find that a standard deviation increase in the number of shared documents predicts an 11 % rise in output, in specifications with time, location and individual fixed effects.

Truly democratizing knowledge requires an open organization where employees can deliberate, argue, vote, compete, and collaborate horizontally across fields of expertise. 3 Lessons Learned Based on our analysis, we provide lessons to design an effective internal knowledge market. Specifically, we distinguish three phases: launch, development and evolution. g. g. seed the market with critical knowledge). Knowledge market launch requires the market maker to seed-and-subsidize in order to provide critical mass for market germination and to match knowledge seekers with relevant sources.

All of these attempts to manipulate the market occurred via anonymous display. The community quickly detected these behaviors and aggressively policed it. They did so by comments such: “Is this a joke? ” [Anonymous] The community also voted negatively on the winning answers through manipulation. Despite the social pressure from the community, a few anonymous participants still continued to game the system. To avoid social sanctions, they gamed the market through more subtle techniques, offering smaller amounts of points (but always higher than the average amount in the market).

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