Collective intelligence with web-based information aggregation markets: The role of market facilitation in idea management

Bothos, E; Apostolou, D; Mentzas, G

dc.contributor.author	Bothos, E	en
dc.contributor.author	Apostolou, D	en
dc.contributor.author	Mentzas, G	en
dc.date.accessioned	2014-03-01T01:37:34Z
dc.date.available	2014-03-01T01:37:34Z
dc.date.issued	2012	en
dc.identifier.uri	https://dspace.lib.ntua.gr/xmlui/handle/123456789/21559
dc.subject	Collective intelligence	en
dc.subject	Community informatics	en
dc.subject	Idea management	en
dc.subject	Information aggregation markets	en
dc.subject.classification	Computer Science, Artificial Intelligence	en
dc.subject.classification	Engineering, Electrical & Electronic	en
dc.subject.classification	Operations Research & Management Science	en
dc.subject.other	Alternative methods	en
dc.subject.other	Collective intelligences	en
dc.subject.other	Community informatics	en
dc.subject.other	Community IS	en
dc.subject.other	Electronic brainstormings	en
dc.subject.other	Empirical evidence	en
dc.subject.other	Empirical results	en
dc.subject.other	Idea generation	en
dc.subject.other	Information aggregation	en
dc.subject.other	Laboratory experiments	en
dc.subject.other	Management process	en
dc.subject.other	Web-based information	en
dc.subject.other	Problem solving	en
dc.subject.other	Commerce	en
dc.title	Collective intelligence with web-based information aggregation markets: The role of market facilitation in idea management	en
heal.type	journalArticle	en
heal.publicationDate	2012	en
heal.abstract	Communities within corporations can significantly contribute to innovation and the idea management process. The collection of ideas and aggregation of evaluation information from a community is a demanding task that requires the use of special methods. In this paper we explore the use of information aggregation markets (IAMs) in the fuzzy front-end of innovation. Furthermore, we identify and define a type of facilitation which we name 'market facilitation' and we assess its role in new idea generation at different levels of restrictiveness. The empirical results of a laboratory experiment indicate that IAMs enable the acquisition of more ideas than traditional brainstorming and of similar quality. Market facilitation forms entailing different levels of restrictiveness are found to affect the number and the quality of ideas acquired. As the level of market facilitation restrictiveness decreases, the number of acquired ideas increases and their quality deteriorates. To practitioners, our study provides empirical evidence on the advantages of IAMs over traditional electronic brainstorming as an alternative method for idea generation and evaluation. (C) 2011 Elsevier Ltd. All rights reserved.	en
heal.journalName	Expert Systems with Applications	en