PROJECT TO CREATE AN INTERNAL FORECASTING SYSTEM

Objectives:

1. To obtain information "from within" the company on the compliance of management forecasts on key indicators of the holding and its regional assets with the actual expectations of the holding's employees.
2. Engagement of employees in the assessment of strategic indicators of the company.
3. Development of a social model of business organization by connecting employees of all levels to operational and long-term corporate decisions.
4. Formation of a single field of communications.

Time frame:

December 2013 - March 2014

Description:

The project was aimed at collective forecasting of the main financial indicators of the company and its regional offices, namely, compliance of the forecasts adopted by the management with the real expectations of employees who face the business "from within" and see the real picture on the ground.

It was based on the FuturUS platform, built on the technology of prediction markets and collective forecasting. All participants, regardless of their position in the company, had the opportunity to influence the aggregated forecasts.

Results:

In one of the five divisions of the holding, a serious discrepancy between the employees and management opinion was revealed, which indicated the need to revise the forecasts; in the other two, local signals were recorded that required attention.

The project also made it possible to convey their vision of the situation on the ground to regional employees in a simple and exact way, as well as increased information exchange between the divisions of the Holding.