Idea Market
Posted on Mon, 2006-03-27 02:05
James R. Lavoie and Joseph M. Marino of Rite-Solutions set up an internal stock market where employees could buy and sell business ideas. The highest-valued stocks are seriously considered for implementation.
The market was begun in January 2005. Mr. Marino, president of Rite-Solutions, says the market has already made a dramatic difference in their business. One idea which he didn't support found overwhelming support in the internal market, and was implemented. It now accounts for 30% of Rite-View's total sales.
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