Crowdsourcing in Deloitte Innovation
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By Amirali Mohajer, Forefront Lead, Deloitte
Roland Coase, the brilliant British economist, had a simple and yet profound insight on the nature of firms. He recognised that the reason firms exist is mainly to reduce the transaction costs of going to the market for every single input they needed for production. It is simply too costly to identify the right supplier, negotiate a price and sign a contract for every nut and bolt needed. It makes sense for the entrepreneur to hire people and bring things in-house. However, Coase also recognised that as entrepreneurs create and grow their companies, they will create their own internal transaction costs. The bureaucracy needed to organise and allocate resources will become less efficient as the firm grows.
By Tugce Bulut, CEO, Streetbees
At no point in history have communications and culture moved faster than today.
This is the age of the collaborative, co-creative, knowledge-based, hyper-productive organisation. The accelerating pace of change in business means there is an ever-growing urgency to connect the right people with the right information to drive business decisions. This can often mean the difference between success and failure.
By Greg Howard, Deloitte Pixel lead
It would probably surprise you to learn that a quarter of your millennial employees – these born after 1985 – would like to quit their current jobs sometime this year. Those that do want to stay want to mix where they work between the coffee-shop-around-the-corner, their home office or even at the beach, if that’s okay with you? Oh, and they’d prefer not to work 9-5. Instead, they’d like to go to the gym mid-morning and grab a coffee with a friend mid-afternoon.