The increased metabolism of company in today's world has served to heighten the problem of organizational decision making and both the frequency. Professionals and professors are always looking for decisionmaking mechanisms that may be used to address these challenges. One appeared mechanism is prediction markets: a group decision-making tool which uses a market mechanism to quickly aggregate information held by large, diverse groups of participants.
Prediction markets have numerous benefits and have been successful in several circumstances; yet, it is important to comprehend they are suited to some types of circumstances and determinations but not to others. This article examines the advantages of forecasting markets and develops a framework that may be utilized to identify in which scenarios prediction markets might be profitably deployed within organizations.
PUBLICATION DATE: January 15, 2016 PRODUCT #: BH719-HCB-ENG
This is just an excerpt. This case is about STRATEGY & EXECUTION
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