It's time to reinvent management. You can help.

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.

Filter By:
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
An employee should be chosen each month to train other employees on the leading principles of their industry.
Hack by Nathan Cunningham on February 20, 2014
Corporate should empower the potential of Human Resources by treating them as Internal Customers. The value proposition must be of equal mix between Clients & Employees.
Hack by H. Omprakash on March 11, 2014
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
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
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

Pages