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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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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
"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
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
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
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
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.
Today we manage workers by headcount, jobs, roles, processes, and infrastructure.
Hack by Michael Grove on April 30, 2012
Setting up an organisational system that enables a market-like scenario for supporting and funding innovative ideas.
Hack by Mathew J Varghese on March 20, 2011

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