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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.

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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.

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BACKGROUND It was The Economist’s Vijay Vaitheeswaran who coined the term “micropower” to refer to sources of electricity that are relatively small, modular, mass-producible, quick-to-dep
Hack by patrick chanda on June 24, 2018
If you stop and think about how you think, or if you look in the proverbial mirror and try to identify what you “see” – more than likely you are framed around what you are familiar and comfortable wit
Hack by Matthew Sagaser on October 26, 2015
We want to completely revamp traditional project proposal methods in businesses to allow for greater creativity, innovation, and employee ownership.
Hack by Christian Lee on March 31, 2014
Corporate Intrapreneurship Programs will keep good people within the company and empower new business models.
Hack by Erik Wirsing on April 3, 2018
Leader's see and pursue over or under encouragement of certain people or idea's - favourite's or narscissm is in their blood .
Hack by NAVEEN KHAJANCHI on July 9, 2013
In today’s challenging healthcare industry where every team member is relied upon to deliver an exceptional patient experience each and every day, workforce engagement is pivotal to success.
Manage Without Them is a complete disagreegation of management to allow integration of technology and peer to peer collaboration without loss of governance.
Hack by Matthew De George on May 26, 2011
Motivating and equipping sales people with effective selling skills are two of the most confounding and widely misunderstood challenges in management.
Hack by Victor Kwan on June 14, 2011
The idea is to create a transparent value ecosystem, where organizational values (openess, innovation etc') get a numeric value (points)  that can be exchnaged between all steakholders, then simp
Hack by Yoni Assia on March 2, 2012

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