My children go to public school in New York City. As in many school systems across America, parents help raise vital funding each year to complement the often scarce resources provided by the public school system. In my community, the biggest fund-raising event of the year is the annual school auction featuring live and silent bidding. The silent auction part is simple: Items donated by local businesses and generous individuals are displayed on a table next to a bidding sheet. Bidders compete by writing their names, paddle number, and price on the sheet. At the end of the night, the prize goes to the highest bidder.
How an Auction Can Identify Your Best Talent
Corporate functions are essentially monopolies, with no incentive to compete.
December 16, 2013
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New!
HBR Learning
Strategy Planning and Execution Course
Accelerate your career with Harvard ManageMentor®. HBR Learning’s online leadership training helps you hone your skills with courses like Strategy Planning and Execution. Earn badges to share on LinkedIn and your resume. Access more than 40 courses trusted by Fortune 500 companies.
How to develop a winning strategy—and put it to work.