What is $100 voting?
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 .