(2004-06-01) Surowiecki Internal Idea Futures

James Surowiecki on using internal Idea Futures markets. By contrast, while it's clear that some CEO-s are excellent leaders and managers, there's little evidence that individual executives are blessed with consistently good strategic foresight. In fact, in an extensive study of intelligent CEOs who made disastrous decisions, Dartmouth's Sydney Finkelstein writes, "CEOs should come with the same disclaimer as mutual funds: Past success is no guarantee of future success." Even when executives are smart, they have a hard time getting the information they need - at so many firms the flow of information is shaped by political infighting, sycophancy, and a confusion of status with knowledge.


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