Question

Towards the end of the chapter (The Culture Code by Daniel Coyle), Coyle addresses “Collective Intelligence” of a group. What does this mean and why is it more important than individual intelligence and skill? PLEASE CITE SOURCES

Answer 1

• Collective intelligence usually means groups of individuals acting collectively in ways that seem intelligent.The opportunity to more effectively apply Collective Intelligence – the aggregated knowledge, insight and expertise of a diverse group – has become a reality. As individuals become more adept and comfortable sharing thoughts and ideas in virtual spaces, companies can use these insights to address critical business challenges.
• Harnessing Collective Intelligence can play an important role in generating new ideas, solving age-old problems, disaggregating and distributing work in new and innovative ways, and making better, more informed decisions about the future.
• Collective Intelligence can enhance business outcomes by improving how organizations access the untapped knowledge and experience of their networks.
• Central to the success of Collective Intelligence initiatives is the ability to target and motivate the right participants.
• Collective Intelligence is a powerful resource for creating value using the experiences and insights of vast numbers of people around the world.
• The thoughts of individuals can be limited, biased and extreme. Collective intelligence, in contrast, aggregates the knowledge of many to form an unbiased and, in many cases, accurate opinions. For example;The voting mechanism in modern political systems is based on the collective wisdom of a large population.
  
• Most of our society's official, visible problem-solving, option-creating and decision-making are done (allegedly) on our behalf by think-tanks, pundits, elected officials, etc. But many decisions that influence the direction of our society are made less visibly by unanswerable powerholders and corporate executives, scientists and engineers.
• Democracy involves more public engagement in collective problem-solving and decision-making. Any institutions that help us do this well -- especially by using our diversity well become part of our society's collective intelligence capacity.
• Collective intelligence is the ability of a group to perform more effectively than any individual alone. Diversity among group members is a key condition for the emergence of collective intelligence which makes it more important and creative than individual intelligence.
• When people from different cultural and educational backgrounds come together,more ideas are generated which is far more helpful for a company's success than one relying on one individual. It works in combination,intelligent individuals are collected together to form a group,who can work together by bringing their knowledge and ideas which proves to be beneficial in thinking out of the box and making more profits for the company.