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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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During the past few years I have been presenting the Think Intelligence methodology with its TINO framework and tools in many situations.
Hack by Haim Dror on July 10, 2011
The trend has been for recently to consider H.R. as a set of high value specialties.That is technically true and carrying risks as far as efficiency is concerned.
Hack by Frederic J.Leconte on July 17, 2013
Co-Authored By Audrey D.
Reaching right levels of the organisation can be a difficult task even for the employees.
Hack by Aleksandar Zivaljevic on February 27, 2011
Thought Processes for any kind of issues, growth, ideas are good sign for any company to empower their Human potentials.
Hack by H. Omprakash on March 31, 2014
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
Virtually every company has some sort of training program with the goal of having their people work smarter, but it is not the program that counts but how effective it is.
Hack by George Kobak on March 24, 2015
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
Learning agility is a business imperative for organizations to stay relevant in the marketOrganizations should offer sponsorships and dedicated time to employees to pursue their educational interests
Hack by Daniele Pigni on November 27, 2018
Organisational flexibility is a much discussed topic.The purposes of this “hack” are:Providing a model which is designed to enhance organisational flexibility;Ensuring involvement of employees;Making
Hack by Fan Zhang on March 1, 2011
The mass retirement of organisations’ current leadership over the past few years, has and still is putting pressure on organisations, to re-examine their recruiting strategies to ensure that the a hig
Barrier by Busi Nkosi on May 4, 2011

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