Accountability and flexibility are two major strengths of internal markets, which helps explain why they are now developing.
Internal markets will greatly change the role of workers.
Internal markets are beginning to appear not only in U.S.
The changeover to internal markets is difficult even with the best planning, but more organizations are moving in this direction because economic realities demand it.
Readers interested in learning more about internal markets may turn to Internal Markets, the book produced by William E.
This readable and authoritative volume presents reports by business executives actually implementing the internal-markets concept as well as the views of leading scholars who have developed the theoretical underpinnings of internal markets. Included as an appendix is Jay Forrester's pioneering article "A New Corporate Design" (1965), which first presented the concept of internal markets.
Internal Markets also includes pieces by James Rinehart, who made his CEO's office a profit center at Clark Equipment; Peter Senge, author of The Fifth Discipline, who discusses how the internal-markets perspective can be combined with the learning-organization concept; and Russell L.
Internal Markets: Bringing the Power of Free Enterprise Inside Your Organization, edited by William E.
He is the author of The New Capitalism (Wiley, 1986) as well as co-editor of Internal Markets: Bringing the Power of Free Enterprise Inside Your Organization (Wiley, 1993).