Showing posts with label Wisdom of Crowds. Show all posts
Showing posts with label Wisdom of Crowds. Show all posts

Sunday, May 13, 2007

Selfsourcing

Electrolux Redesigns Itself

If crowdsourcing involves going to the outside to gain a diverse and fresh perspective then Elextrolux "selfsourced" by looking within its own management team to clean house. They hired McKinsey & Co. to develop a questionnaire, which was sent to 500 managers. Four problems emerged: Managers didn't know enough about their customers, so they couldn't figure out what to develop; products were well-engineered but weren't filling consumer needs; R&D wasn't in sync with commercial product launches; and executives were afraid to take risks (sound familiar)?

This is a refreshing tale of a company looking inside itself to fix problems. The use of a survey instrument to gather data mirrors a Microengagement technique. Surveying a large & diverse group of experts who have a vested interest in the accuracy & completeness of the exercise (improve the company). This is a sure fire way to put the "Wisdom of Crowds" to good use.

From Business Week, November 27, 2006: Electrolux Redesigns Itself