Valve Corporation: Composing Internal Markets

Journal of Organization Design, Vol. 4, No. 2 (2015), p. 20-21

2 Pages Posted: 18 Jul 2019

Date Written: June 23, 2015


What can we learn from outliers? While statisticians rightly warn us against their non-representativeness, we believe it is also true that thinking carefully about what makes them atypical may improve our understanding of the typical case. This is the premise behind the Organization Zoo series. Valve Corporation (Valve) is an unusual firm. It is a rare example of a firm that appears to operate without any formal hierarchy in its organization. What can we learn about the viability of authority hierarchies from Valve’s way of organizing? We wrote a brief account of Valve based on public information sources and asked several renowned organizational experts to comment on this unusual firm. We asked them to write a short commentary on what the Valve example means for organizational theorists and practitioners. Thankfully, they all accepted, and we are excited to present the results of their thinking in this first “exhibit” in the Organization Zoo.

Keywords: new forms of organizing, organizational forms, non-hierarchical organizations, self-organizing teams, boss-less organizations

Suggested Citation

Zenger, Todd R., Valve Corporation: Composing Internal Markets (June 23, 2015). Journal of Organization Design, Vol. 4, No. 2 (2015), p. 20-21, Available at SSRN:

Todd R. Zenger (Contact Author)

University of Utah ( email )

David Eccles School of Business
1655 East Campus Center Drive
Salt Lake City, UT 84112
United States
801 585-3981 (Phone)
801 581-7939 (Fax)

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