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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.

47 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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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
For anyone managing a website, optimization is key. However, it is not always easy to manage the optimization and create a site that is user-friendly.
Story by Samantha Hager on April 25, 2017
Here is an easy parable about what I would call "stone heaps" in organisations. This short story does not introduce innovative concepts about management and leadership per se.
Hack by Sven Behrendt on October 13, 2011
A framework is needed to make an effective community in an organization,  a framework which engages the whole organization as a community without ranks and allows a free f
Hack by virender vyas on March 21, 2011
Organizations create efficiency by choosing one project over another. But is that really the way to innovate?
Hack by Laura Cerruti on September 18, 2010
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
Corporate Intrapreneurship Programs will keep good people within the company and empower new business models.
Hack by Erik Wirsing on April 3, 2018
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.
It's basicly a Geosocial network (like foursquare socialnetwork) with gaming features  that enables people from different backgrounds to invest on the stock exchange and the commodities futures e
Story by patrick chanda on December 27, 2011

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