Tournaments for Ideas

نویسنده

  • Richard Wang
چکیده

Governments and foundations have successfully harnessed tournaments to spur innovation. Yet this tool is not widely used by firms. We offer a framework for managers seeking to organize tournaments for ideas. We present the theoretical underpinnings of tournaments. We then connect the theory with three recent innovations—the power of the network, the wisdom of crowds, and the power of love—that boost the effectiveness of tournaments. Short cases and academic studies are used to illustrate our framework.

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تاریخ انتشار 2009