HedgeFundLive.com – Collective intelligence is the collaboration of two or more people who work together, to achieve a goal. Napoleon Hill has written about this in his book “Think and Grow Rich.” Although Hill does not call it collective intelligence, his chapter “The Mastermind” is all about collective intelligence. He spent over 20 years researching before publishing the book.
He interviewed the most successful people of the time, including Andrew Carnegie, Thomas Edison, and Henry Ford to name a few. He concluded, there are fifteen laws that these men agreed upon to help them attain their success. “Mastermind” was one of them. When Hill asked Andrew Carnegie, “How did you attain your wealth?” his response was, “Well if you want to know how I got my money, I will refer you to these men here on my staff; they got it for me. We have here in this business a mastermind. It is not my mind, and it is not the mind of any other man on my staff, but the sum total of all these minds that I have gathered around me that constitute a master mind in the steel business.”
When there is a definite purpose that the people within a mastermind are striving for, they intensify their chance of success. The reason behind this is that the group puts the goal in front of all else. Collective intelligence is only effective when ego’s are set aside. No team can reach it’s full potential when ego’s are involved. In sports, the teams that win it all always have the best chemistry. This is simply because they are focused on winning a championship and all individual stats are put aside.
Growth of an individual company relies on the power of collective intelligence.
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