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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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Enspiral is a network of professionals and companies on a mission to make the world a better place. We emphasize empowerment, collaboration, and innovation.
Story by Alanna Krause on March 30, 2014
Mobilizing our assets and capabilities towards becoming a truly global company requires us to leverage the knowledge created across the company and share it to innovate through replication and improve
Story by Cynthia Alvarado on March 27, 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
It is time to accord a good death to all forms of office, rank or jurisdiction based on what I call the 'archaic A's' - Age, Ancestry & Assignment.
Hack by Stephen Remedios on February 18, 2014
There is a lot of frustration and sometimes limitation around career advancement, professional development, succession planning etc.
Hack by Jennifer Long on October 17, 2013
This is a really interesting story shared by my one of colleague Patrick Allman on how he was convinced that every company needs social collaboration at work while sitting in the stands watc
Story by Vipin Thomas on July 30, 2013

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