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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.

48 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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A very simple, bare episode 3.Opposite to 1 & 2.Kind of a break.And Mix experience.All about : how do you want to bring value and define value at the same time ?
Hack by Frederic J.Leconte on October 22, 2014
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
LinkedIn, as a business-oriented social networking site, in my view, can create conditions to allow most of its users, that is, all registered identified professional talents, to willingly co-found a
Hack by Aaron Brook on July 6, 2014
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
Decisions on business bottlenecks can be made by concerned employees (regardless of their rank) aptly only when the broader aspects of business are clear to them. This can be achieved by understa
Hack by AMIT NANDA on March 31, 2014
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
In today's competitive world, the option for low performers are very less and they are forced to do their job or quit the job.Is there something problem in their attitude / capability / understanding
Hack by H. Omprakash on March 14, 2014
Corporate should empower the potential of Human Resources by treating them as Internal Customers. The value proposition must be of equal mix between Clients & Employees.
Hack by H. Omprakash on March 11, 2014
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
An employee should be chosen each month to train other employees on the leading principles of their industry.
Hack by Nathan Cunningham on February 20, 2014

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