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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.

45 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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A colleague who I worked with 4 years ago tried to use the company bar, an existing employee perk, to generate an internal market for new product ideas.
Story by Daniel Pay on September 21, 2010
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Story by Samantha Hager on April 25, 2017
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Story by Alanna Krause on March 30, 2014
It is with great anticipation, I begin to share my share excerpts of my upcoming book, The Risk Factor: Why Every Organization Needs Big Bets, Bold Characters, and the Occasional Spectacular
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Story by Angelina Harper on June 10, 2019
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
Grant and scholarships are essentially free money. Unlike student loans, you don’t need to pay them back once your degree is complete. However, not everyone can get a grant or scholarship.
Story by Niti Sharma on April 19, 2020
Giving everyone with experience and the will to give back is the mission and objective, almost evryone is an expert in something.
Story by Dan Auito on May 26, 2013

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