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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.

43 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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Innovation should be the most enjoyable form of work, but the project modality leaches all joy from it: deadline pressure, boss-driven scope, and a team made up of "the usual suspects".
Story by Jeremy Clark on May 11, 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
This is a really interesting story shared by my one of colleague Patrick Allman on how he was convinced that every company needs social collaboration at work while sitting in the stands watc
Story by Vipin Thomas on July 30, 2013
This story is about the training program we run to develop the characteristics needed for teams and individuals to be successful in taking on very dynamic and entrepreneurial projects.
Story by Christos Tsolkas on April 6, 2016
elBulli is a well-known restaurant famous not only for his chef, Ferran Adria, but also for being a creative organization in which every year more than a hundred elaborations are put in place.At elBul
Story by Andrés Hatum on June 16, 2011
How do you make a big company’s culture more innovative and entrepreneurial? Start with a corridor and work your way out.
Story by Christos Tsolkas on February 11, 2016
As bringing innovation to your personal and professional challenge?I believe that with little of innovation knowledge that we can have the important thing is to transcend in the personal and prof
Story by Geovanny Romero on December 28, 2012
Idea Weekend ignites that inner passion within employees to step forward with their ideas, build connections and make an amazing impact in 27 hours.  Participants pitch their ideas, select finali
Story by Tim Huebsch on April 18, 2013
I was into a very senior search assignment with a stakeholder who is very well known , powerful yet a laeder who takes a lot of time to really open up .
Story by NAVEEN KHAJANCHI on July 8, 2013

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