It's time to reinvent management. You can help.

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.

45 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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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
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.
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
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
The idea of this hack is simple but a bit revolutionary—institute systematic rotations for managers in a particular role, which would in effect position-specific set term limits for upper and middle m
Hack by Jouni Selin on June 14, 2012
The biggest problem of capitalism is that's not enough people are working on the capitalism's biggest problem: the lack of innovation (as counter-intuitive as it sounds).
This hack is a review on how we can learn from the past to make our future better " Innovation is the only way out".  The recession of 2009 was the end of the global development cycle which
Hack by Vlad Ivanov on May 7, 2012
A system to enable company/ groupwide, uncensored,unweighted (higher authority, perceived experts, perceived lack of expertise, etc) 
Hack by Dina Grasko on May 1, 2012
Today we manage workers by headcount, jobs, roles, processes, and infrastructure.
Hack by Michael Grove on April 30, 2012

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