May 31, 2004

Smarter than the CEO

Wired's James Surowiecki has an interesting look at authoritarian vs democratic governance cultures (he argues that collective intelligence is far more effective, than a top down structure)

Instead of looking to a single person for the right answers, companies need to recognize a simple truth: Under the right conditions, groups are smarter than the smartest person within them. We often think of groups and crowds as stupid, feckless, and dominated by the lowest common denominator. But take a look around. The crowd at a racing track does an uncannily good job of forecasting the outcome, better in fact than just about any single bettor can do.

Posted by Jim Zellmer at May 31, 2004 07:04 PM | TrackBack