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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.

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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.

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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
Recognizing the superior value of a "Comment" versus a "Like"  was  previous episode example.How much do we value as a community when a daring mixer makes an interception and bounces back to
Hack by Frederic J.Leconte on November 5, 2014
"Like" in a blink, versus "S.M.A.R.T comment" ? Let's value these objects .Mixers : let's get into some "Taxonomics".
Hack by Frederic J.Leconte on October 24, 2014
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

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