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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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In recent years, rideshare companies have become very popular.
Story by Carry on October 11, 2019
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
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
There are a number of enterprises that make use of aptitude test when hiring new recruits. Once graduation is completed, most companies and enterprises receive numerous applicants for any job post.
Story by sambawa on October 13, 2019

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