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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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It’s easy to get caught up in what we think needs to be done, today, and always putting future projects on the back burner. When we do this, though, we typically never get to those projects.
Hack by Marton Jojarth on October 8, 2015
Talking about Innovation and doing Innovation are different things.  Just as teaching innovation around made up problems (like designing a new kitchen) is vastly different than working on real wo
Story by Charles K Knight on May 15, 2019
This is a cost-effective and collaborative way to achieve two things: more efficient use of your company’s resources and a product that better meets the needs of your customers.  There is no reas
Hack by John Hod on March 14, 2011
Keepitposted™ is a young multidisciplinary startup; using a ‘Holistic Approach’ to finding core components of the greater problems within our current economic environment.
Story by Raul ML Louren on April 30, 2012
Co-Authored By Thys de Beer
I've been facilitating groups of 18 people from roughly a half dozen countries who meet for 3 separate weeks over a 6 month period. Each time we meet on a different continent.
Story by Kimberly Wiefling on May 30, 2013
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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