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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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The idea is to create a transparent value ecosystem, where organizational values (openess, innovation etc') get a numeric value (points)  that can be exchnaged between all steakholders, then simp
Hack by Yoni Assia on March 2, 2012
Higher education is fundamental right for a decent livelihood.
Hack by Rajesh Gandhi on December 21, 2010
We want to completely revamp traditional project proposal methods in businesses to allow for greater creativity, innovation, and employee ownership.
Hack by Christian Lee on March 31, 2014
Manage Without Them is a complete disagreegation of management to allow integration of technology and peer to peer collaboration without loss of governance.
Hack by Matthew De George on May 26, 2011
If you stop and think about how you think, or if you look in the proverbial mirror and try to identify what you “see” – more than likely you are framed around what you are familiar and comfortable wit
Hack by Matthew Sagaser on October 26, 2015
Check out the latest trends in designing a perfect Instagram feed for your business.
Story by Angelina Harper on June 10, 2019
This is a case study of 3M (MinnesotaMining and  Manufacturing), a company that truly values innovation
Hack by Francis Xavier on March 14, 2011
In recent years, rideshare companies have become very popular.
Story by Carry on October 11, 2019
A system to enable company/ groupwide, uncensored,unweighted (higher authority, perceived experts, perceived lack of expertise, etc) 
Hack by Dina Grasko on May 1, 2012

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