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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.

44 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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Have an online social network for the company inviting Hacks from all employees in the company by project or department or function.
Hack by Varun Dinodiya on November 27, 2010
Learning agility is a business imperative for organizations to stay relevant in the marketOrganizations should offer sponsorships and dedicated time to employees to pursue their educational interests
Hack by Daniele Pigni on November 27, 2018
Reaching right levels of the organisation can be a difficult task even for the employees.
Hack by Aleksandar Zivaljevic on February 27, 2011
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
Organisational flexibility is a much discussed topic.The purposes of this “hack” are:Providing a model which is designed to enhance organisational flexibility;Ensuring involvement of employees;Making
Hack by Fan Zhang on March 1, 2011
"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
The infrastructure for access to information still lags significantly behind the infrastructure within which information enters and leaves a company's network. The answer is metrics.
Hack by Kevin Woghiren on December 9, 2010
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
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

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