Many Americans assume that corporations have perfected the art of exploiting their employees’ diverse wealth of knowledge. In the book The Wisdom of Crowds, Surowieki, disagrees with this assumption. He believes that business have neglected to use this valuable resource of knowledge that their employees could offer, when solving problems (19). The lack of faith in a company’s work pool, to assist in making levelheaded decisions, could be attributed to arrogance, or a dependence on “expert” opinions. Surowieki, also strongly emphases that it’s not the amount of experts an organization has, that makes a difference in decision making. Instead he asserts that, “satisfying the conditions-diversity, independence, and decentralization,” within a group is the corner stone to making lucrative choices (19). I agreed, that collectively within an organization there are people who can contribute to finding a solution or help a company be more profitable, without being experts on the subject matter. Joining a crowdsourcing job web site, called Clickworker.com, and failing miserably to make more than ten cents, I don’t feel it worked in my favor. However, I see how Clickworker benefits from it.
Clickworker, is a website that offers services to companies, that need to complete large or complex projects, inexpensively. This is how it works. First a company places an order for a job. As an example, let’s say an organization want a complete directory of online businesses, compiled into one database. Instead of hiring one person, to research and complete this time consuming and tedious duty, it is dispersed to over 500,000 people around the world to preform the task at hand. In return registered Clickworkers receive a monetary credit for every tas...
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...n the knowledge of people as group. American business and businesses worldwide, in the past neglected this treasure of knowledge hidden in their work force. I feel its safe to say, that corporations are realizing how powerful the engine of crowdsourcing is. I believe the driving force of this engine is powered by facebook.com and twitter.com. Social networking set the pace for how information is shared and gathered and paved the way for sites like Clickworkers, to tap into that crowd. Again, although Clickworker did not work in my favor. That doesn’t mean I can’t find another crowd, to tap into too, that is equally beneficial for me and the website. It may seem in the beginning that diversity and decentralization is unnecessary, however it was necessary to help Clickworkers find the special group of people needed to complete the objective, in order to be profitable.
In “They’re Watching You at Work”, Don Peck argues for the use of big data and people analytics in the hiring process. He provides solid examples, evidence and reasoning to justify his claims that these new hiring practices improve the hiring process. He points out the inefficiencies of the traditional hiring methods – biases, high rates of attrition etc. – and shows in each case how new hiring practices can improve upon the old ones. His argument for using big data and people analytics in the hiring process is convincing and well supported; however, he does not discuss with the same depth the counter arguments against his claims, such as the intrinsic benefits of the traditional hiring process and unintended side-effects on society. His failure
Crowdsourcing is a term coined in 2006 by a magazine editor named Jeff Howe. Howe felt crowdsourcing was similar to outsourcing just on a much larger scale. Companies gather hundreds to thousands of people via the internet to perform jobs or tasks using their ideas and skills and then the companies would take these ideas and use them. However, this concept of crowdsourcing has been around long before the internet. For century’s companies such as Pillsbury, with their Bake Off contest that started in 1949 and other well-known companies have used the concept behind crowdsourcing to make successful business decisions as well as great paid off in the end. Although the internet has enabled crowdsourcing to become a more powerful tool for companies
America’s workforce is continuously changing. Businesses today hire and retain culturally diverse employees to compete in the globalize market. Companies are developing ways to tap into and capitalize upon the talents of their workforces. They are discovering how to value the diversity of their workforces and the potential that diversity brings in flexibility, ingenuity and problem solving are helping them achieve their goals.
For example, say a company has a team of generalists who know how to code, but aren’t suited for the task, In this type of situation the company will likely hire a person who specializes on coding in order to speed the project up rather than wait for the other people to figure whatever needs coded out. “Social media is good for marketing.” This is something Alexandra said during her presentation and to be frank she’s right. She goes on to say how social media is the perfect medium where people can share their work to get feedback as well as showing off their work. Social media is also useful for sharing your work with others with the same interests via social media. Her presentation helped me understand that I need to widen my skill set and get my work noticed if I want to be successful after college. Last but not least, I now move onto the second speaker and her name is Marissa Norrgard. One thing she talked about in her presentation that I found interesting as when she compared and contrasted an In-House vs. Agency
1. Diversity should provide greater alternatives and inputs into the decision process, but if diversity is blocked due to organizational infrastructures that do not allow the free flow of information, than the diversity goes unutilized. Johnson & Johnson (J&J) structured its company to insure the positive impact of diversity in regards to decision making through its creation of FrameworkS. Through Frameworks, the executive committee is partnered with a variety of managers from around the organization that concentrate on specific, unprogrammed organizational decisions. FrameworkS matches the problem with appropriate decision making method. In this approach, managers share the problem with others and engage the group in consensus to arrive at a final decision.
Businesses that promote diversity in today's global marketplace are better able to attract and retain the best talent. Employing a diverse workforce allows a company to utilize the potential within the job market to its fullest and contributes to overall economic growth and prosperity. Differences among co-workers should not divide a workplace. Rather, differences among co-workers should be used to foster creativity and innovation, thereby driving profitability and business success.
Diversity is a highly important issue in today’s business, especially in a globalized company. Workplace diversity helps to get better solutions to business problems (Schawbel, 2012). When you have a group of individ...
A group need members who possess diversity of skills. A company should have workforce that ...
I then got a membership in the French Academy for my work in science of statitistics and probablilty. There I argued that “its possible for a group of error prone desicion makers to be suprisingly good at picking the best choice.” Moreover, that people who have a flawed understanding of a situation can be brought together to become good at collective desicion making. “People can also
In a world that has grown increasingly smaller due to mass media, world travel, and readily available information, the workplace has grown increasingly diverse in both gender and cultural aspects. Individuals no longer live and work within the confines of their geographic locations. At almost any position with any company the individual employee is a part of a larger world economy that harvests assets from the ends of the earth. Because of this, companies seek to capitalize on diversity to become more creative and flexible in their business models.
In Kenya, the idea of social computing is used to do business in various ways in fields such as the film industry which has undergone transformation and is being even advertised on face book and interested parties can easily express their interested across that social network and their requests a...
Youden, Diane, Jean Lee, and Justin Angsuwat. "Harnessing the Power of Crowdsourcing." PWC Advisory People and Change (Summer 2011): 1-8. W
Modern technology has made information much easier to obtain. The Internet and World Wide Web have given people the ability to access all sorts of information very quickly and quite easily. This is an advantage for many people, especially in business. Scholars can quickly share information amongst each other to help them learn more about a topic for example. Students can learn more about anything they want simply by using a search engine such as Google to browse the web. In the last decade, we have witnessed an evolution of the Internet and the rise of social media. The Internet is still growing every day and only seems to be getting bigger and more complex.
Organizations use teamwork because it increases productivity. This concept was used in corporations as early as the 1920s, but it has become increasingly important in recent years as employ...
Our society depends on knowledge. A new way to communicate this knowledge quickly is through social media (The Power of Social Media 1). Learning through social networking is very useful because the participant can learn the things he wants at the rate he desires (The Power of Social Media 1). Several social media sites have become largely popular, like Facebook and Twitter. With new sites being created year round, it is quite obvious that social networking sites will be prevalent for a while (The Growth of Social Media 1). The main reason social media has become so common is because of its quick access. Anyone can know virtually anything he desires if enough time and effort are put into finding that info (The Power of Social Media 1). Knowledge alone has a very powerful aspect (The Power of Social Media 1). As humans, we long for a sense of knowledge because we are curious beings. People want to know what is going on around them. Not only does knowledge provide a sense of satisfaction, it also expands our options. (Phoenix 1). The more options there are, the more freedom a pers...