Internal Market Economics: practical resource-governance processes based on principles we all believe in

We all believe in market economics — for the most part. Sure, there are limitations. And we know that markets don't work without some governance. Nonetheless, market economics is by far the most effective way to channel a society's scarce resources to the purposes that need them the most.

Why, then, do we drop our common sense when we walk in the office door?

This book explains how to implement market economics inside of organizations. Don't worry. . . . It doesn't require chargebacks. It doesn't lead to arm's-length relationships without any commitment to the enterprise, or undermine enterprise policies and strategies. And it doesn't lead to open internal competition which results in redundancies and lost synergies. Market economics simply provides the guiding principles for the design of highly efficient, effective, and agile internal resource-governance processes.

This book offers a fresh vision of empowered, entrepreneurial organizations, and practical solutions to a host of pressing financial and management challenges.

“...essential reading for executives interested in maximizing shareholder value or in running effective shared-services organizations.” —Don Tapscott