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Information asymmetry

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by Kiyo Koshiba
4 min read

Information asymmetry
Translated from 日本語 • View original

Hello! This is Koshiba from the recruitment project. Suddenly, have you ever heard of "information asymmetry"?

Information asymmetry is the uneven information structure when there is a difference in the information held by each trading entity in the market. It refers to a state in which only the "seller" has specialized knowledge and information between the "seller" and the "buyer" does not know it, and both parties are unable to share information and knowledge. When there is information asymmetry, there is generally a market failure, and Pareto efficient results cannot be achieved.

Source: Wikipedia "Information Asymmetry"

If there is a disparity in the information you have, it will lead to market failure. Even if you replace it with work, I think there is something like this. If we share information with each other, we can make the best choice, but due to information asymmetry, we choose a roundabout method, repeat the same thing, and moral hazard occurs.

That's a waste, isn't it?

Eliminate information asymmetry and increase team strength

In a typical company, there is a hierarchy not only in the organizational hierarchy but also in information. Information is controlled in such a way that only managers know, managers know, and everyone knows. Information is power. The more useful information you have, the easier it is to gain an overwhelming advantage. However, we think it is nonsense to stand above others by stealing information. That's why ISAO intentionally makes all information open.

By being open, you can make a decision. We can cooperate. There will be no duplication. Self-cleaning works. I also notice my mistakes. Above all, it may be possible to create something new by being exposed to multiple perspectives.

We believe that sharing information together actually enhances team strength .

What is open?

Each member of ISAO actively disseminates information. The company also actively shares information. In this way, we are trying to eliminate the information gap as much as possible.

For example, this information is open.

  • Performance
  • Team and member goals and activities
  • Individual salary, attendance, and man-hours
  • Management's thoughts

What tools do you use?

ISAO shares information using the in-house SNS "Goalous" developed in-house and "Power BI" that allows for easy visualization of data.

Goalous

"Goalous" allows you to share various information such as goals and daily activities. All ISAO employees use it, and by disseminating information to each other, you can understand who is doing what just by looking at the feed. There's also a comment feature for posts, making it easy to communicate across teams.

Goalous

Goalous Features

  • Create goals: Once you set a goal, it will be shared with your members immediately. You can also create goals by collaborating with multiple members.
  • Action: When you take action on a goal, you can share it with a photo.
  • Circles: You can create a place for each community to share information. I use it when I want to share information within a project.
  • Messenger: Use it when you want to contact them individually.

Power BI

Power BI is an interactive data visualization service from Microsoft. From Excel to accounting systems and external software, you can convert any data into intuitive charts and graphs, making it easier to explore issues. Recommended for work style reform! ISAO can help you implement Power BI. You can see a moving sample here, so click on it to move it.

powerbiサンプル Sample No. 1. The performance is also clear at a glance. You can also drill down to explore the details.

powerbiサンプル Sample 2. By the way, there are differences depending on the team and busy season, but the average overtime hours per month at ISAO are about 15~20 hours. My overtime hours in July were 14.52 hours. It's not supervised, but it naturally tightens up. In terms of project categories, the corporate rating is the highest, and it seems that improvement is needed.

powerbiサンプル Sample No. 3. Employee information for individual individuals can also be visualized.

In the past, there was a project like this using Power BI. ISAO Valentine's Day Survey 2018 ~ If you don't like loyalty chocolate, you can give me chocolate ~

Looking for friends who can connect with the open

Speak freely, expose yourself to the general viewpoint, and be one with us. This is one of the ISAO spirits that expresses the company's values, "Open Connection". If anyone is interested in these values and work styles, please talk to them directly. I will also tell you that I can't write about it on my blog. Please feel free to contact us using the entry form first. We look forward to your application!

Conclusion

  • ISAO values openness and seeks to eliminate information asymmetry.
  • All kinds of information are shared, including company performance, individual activities, salary, and attendance.
  • We use tools such as Goalous and Power BI to achieve openness.
  • We are looking for friends who will lead to openness.

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