I stumbled across a very interesting concept this morning while reading b2day (Business 2.0’s blog). They posted a link to a very interesting business experiment, aptly titled, “The Business Experiment“.

Basically an open source business, The Business Experiment aims to have, “the registered users of collectively start and run a real business.” I find this concept fascinating and will keep close tabs on how the project proceeds. It will be interesting to see if the decision by committee proves efficient and effective. My initial inclination is to expect too much debate and little execution. Keep an eye on this one…

All major strategic decisions will be voted on by the registered users, and must be implemented by the employees. This will test to see if “the crowd” is really wise or not. Who do we hire? The crowd will vote on the candidates. What is our marketing strategy? Vote on it. How do we price our product or service? Vote again. It could be cool, or it could be foolish. But either way, it’s definitely different.

(Added: Just found a blog post from the founder of The Business Experiment).

TAGS: Social Enterprise | Open Source | Entrepreneur | Business

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