At Coda, we regularly utilize the $100 voting method during our board meetings and in our annual and quarterly planning sessions.
This technique has proven invaluable in forcing stakeholders to reveal their true priorities. In a landscape where every project and idea can seem urgent and important, $100 voting effectively teases out the real value stakeholders assign to each initiative.
Participants are given $100 in symbolic funds to invest, mimicking the allocation of scarce resources. This not only illuminates genuine preferences but also promotes thoughtful investment in the projects deemed most valuable.
To set up your own $100 voting, follow the instructions in
This template allows you to drill deeper into the investments and see what different groups of stakeholders would do (e.g. your executive team vs your board members). We also have a simpler variation of this template without the breakdown by stakeholder type. See
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Number of Stakeholders
Stakeholder Analysis
Select Stakeholder(s):
Sales
+3
Idea
Stakeholder Investments
Stakeholders
Idea
Stakeholder Investments
Stakeholders
1
Invent gummy bears that taste like French Fries
$144.00
2
Build a coffeemaker that can also make fried eggs
$138.00
3
Bundle Coda with a Free Car Wash
$118.00
There are no rows in this table
All Individual Investments
Configuration
Here is how you set up the doc for $100 voting
Create your own copy of this doc
Copy doc
Hit this button to delete all ideas and investments
Delete all Ideas
Add all the ideas or projects you want people to vote on to the ideas table below
Create the different roles (stakeholder types) that the people voting have. This will allow you to analyze the results by role for further insight.
Examples of different roles could be
function (sales, marketing, product, engineering) or
involvement with the project (Driver, Maker, Braintrust, User), or
roles in a board meeting (Executive Team, Board Member, Advisory Member) etc.