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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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Ever seen the reality tv show Rob and Big? Well its is a prime example of a business in the form Management 2.0 .
Hack by Kenny Meyer on July 18, 2011
Is there a perfect world where employees won't have to leave their current employment for new challenges?
Hack by David Wayne Tikao on February 21, 2014
Effective brand management has become a vital part of running a business. No successful brand is created by chance.
Story by Mike T Deane on May 25, 2020
This hack is a review on how we can learn from the past to make our future better " Innovation is the only way out".  The recession of 2009 was the end of the global development cycle which
Hack by Vlad Ivanov on May 7, 2012
Decisions to be made have to be put on a platform (IT-based) in order that everyone can access them and enter his/her knowledge or point of view.
Hack by Erwin Pfuhler on July 29, 2014
I was into a very senior search assignment with a stakeholder who is very well known , powerful yet a laeder who takes a lot of time to really open up .
Story by NAVEEN KHAJANCHI on July 8, 2013
Not every manager works in an office setting and one of the biggest management issues I faced when I used to be an executive chef were smoke breaks.
Story by Samantha Hager on March 15, 2017
People are passionate, they love to learn and to contribute and to be social.  Our organizations are constantly looking for new ways to motivate employees, hire external consultants and experts t
Story by Kutlu Kazanci on January 16, 2011
We are in a transitory phase of realizing that creativity is an inherent ability within all of us.
Hack by Atna on July 19, 2011

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