internal market

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Related to Internal markets: Single market

internal market

A “market” created within an organisation to drive exchanges of services and competition that would (theoretically) lower prices. The Thatcher (Conservative) government created an internal market system in the NHS in 1990, which pitted the purchasers (GP fund-holders) against the providers (Trusts), to promote competition between providers.
References in periodicals archive ?
When expressing their expectations for the coming term of Charlie McCreevy as Internal Market Commissioner under the new European Commission President Jose Manuel Barroso, most European policymakers, financial executives, regulators, accountants, and corporate lawyers hedge their bets--in several respects.
Naturally, the brave new world of computerized internal markets will incur the same drawbacks as external markets--complex working relationships fraught with risks, uncertainty, and other disorders.
Some organizations fear that internal markets will create much conflict as separate units pursue different goals and compete for resources.
Even the troublesome aspects of internal markets often represent useful adjustments or signs that adjustments are needed.
Internal markets seem inevitable because they offer the only feasible way to manage the growing complexity of modern society.
Internal markets offer advantages that are useful for most institutions, but we should hold no illusions that internal markets represent a universal ideal or panacea that should be applied in an all-encompassing way Markets may not be useful in certain situations, such as military operations and space launches that demand the close coordination of thousands of people and complex plans.

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