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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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The trend has been for recently to consider H.R. as a set of high value specialties.That is technically true and carrying risks as far as efficiency is concerned.
Hack by Frederic J.Leconte on July 17, 2013
Co-Authored By Audrey D.
Hindustan Unilever at last count has given over 500 CEOs to corporates across the world. In any survey of companies that consistently build world class leaders, HUL is sure to feature prominently.
Story by Stephen Remedios on July 14, 2013
In our group tasks are chosen by our people.People are encouraged to volunteer to lead projects and others are encouraged to volunteer to join them and support them.The whole work is self-organized.Wh
Story by Edna Pasher on July 9, 2013
Leader's see and pursue over or under encouragement of certain people or idea's - favourite's or narscissm is in their blood .
Hack by NAVEEN KHAJANCHI on July 9, 2013
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
Create a crack team of change agents available to parachute into businesses and support the empowerment of it's intrapreneurs to affect the culture of the company and establish an openness to innovati
Hack by Mike Orchard on June 29, 2013
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
In an era of federally mandated school turnarounds, Cristo Rey Boston High School is an example of a self-directed improvement plan in which a principal and a core group of teachers were empowered to
Story by Jeffrey D. Thielman on May 28, 2013

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