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Create internal markets for ideas, talent & resources

“Organizations need a resource allocation process that more accurately mimics the selection pressures of a real market.”

Funding decisions in corporations are usually made at the top and are heavily influenced by political factors. That’s why companies over-invest in the past and underfund the future. By contrast, resource allocation in a market-based system like the New York Stock Exchange is decentralized and apolitical. While markets are obviously vulnerable to short-term distortions, in the long run they’re better than big organizations at getting the right resources behind the right opportunities. To make resource allocation more flexible and dynamic, companies must create internal markets where legacy programs and new projects compete on an equal footing for talent and cash.

48 Stories
71 Hacks
5 Barriers

Create internal markets for ideas, talent & resources

“Organizations need a resource allocation process that more accurately mimics the selection pressures of a real market.”

Funding decisions in corporations are usually made at the top and are heavily influenced by political factors. That’s why companies over-invest in the past and underfund the future. By contrast, resource allocation in a market-based system like the New York Stock Exchange is decentralized and apolitical. While markets are obviously vulnerable to short-term distortions, in the long run they’re better than big organizations at getting the right resources behind the right opportunities. To make resource allocation more flexible and dynamic, companies must create internal markets where legacy programs and new projects compete on an equal footing for talent and cash.

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TINO - Consultancy that solves problems with much fewer advisors and consultants  In recent years I have met with a great number of consultants.
Hack by Haim Dror on July 24, 2011
In today's competitive world, the option for low performers are very less and they are forced to do their job or quit the job.Is there something problem in their attitude / capability / understanding
Hack by H. Omprakash on March 14, 2014
Can you think of a gym without mirrors in it where you are unable to see your hard work turning into a sweat, and where you cannot even see the progress of your workout?
Story by Rabia Khalid on October 21, 2019
In order to sustain long term growth, organizations need to constantly reinvent themselves. But reinventing requires constant change, which may be hard to implement.
Story by Matt Shlosberg on June 24, 2010
"Like" in a blink, versus "S.M.A.R.T comment" ? Let's value these objects .Mixers : let's get into some "Taxonomics".
Hack by Frederic J.Leconte on October 24, 2014
Have an online social network for the company inviting Hacks from all employees in the company by project or department or function.
Hack by Varun Dinodiya on November 27, 2010
In our group tasks are chosen by our people.People are encouraged to volunteer to lead projects and others are encouraged to volunteer to join them and support them.The whole work is self-organized.Wh
Story by Edna Pasher on July 9, 2013
Feeling recognized feels amazing. At work we started a recognition revolution with StarmeUp!
Story by Laura Alfonsin on August 17, 2017
Strategy formulation looks at external factors, craft strategic initiatives then mobilize resources including talent. But firms still generate weak strategies and execute poorly.
Hack by Victor Magdaraog on January 20, 2011
Outsourcing any service is a good option in many ways. The seller has a product to sell and buyer can buy the product, make it its own and then resell it further.
Story by Snehal Tanwar on November 5, 2019

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