Innovation Contests

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Four Ways to Get Your Innovation Unit to Work

  • Read Time: 7 min 

Considering how deeply companies rely on innovation, it is astonishing how bad most of them are at finding, developing, and implementing new ideas. When it comes to innovation, there is no single best way to structure and operate internal teams. The real key to success is to find the tools and structure that fit your company’s needs, strategies, and culture.

Teamwork Plus Creativity Equals Engagement

  • Read Time: 1 min 

Employees can be inspired to perform better if their creativity is challenged through teamwork. At four Deloitte LLP offices in India, an experiment in team-based contests to come up with smart, challenging and practical solutions to real-life business problems unleashed out-of-the-box, original thinking that challenged traditional wisdom.

From the Editor: Beyond the Organization

Business executives today are figuring out how to harness the energy not just of the talented people within an organization, but of those outside of it as well. The fall 2013 issue of MIT Sloan Management Review features a special report on leveraging external innovation, from the phenomenon of corporations using innovation contests to an investigation of what motivates volunteers to take part in innovation projects.

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Designing prizes to spur new ideas

Innovation prizes are “experiencing a resurgence,” writes Jaison G. Morgan in a recent article in the journal Innovations.

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Wooing the next wave of software innovators

  • Read Time: 1 min 

How do you ensure that your product stays relevant in the future? Reach out to the next generation of innovators. Several large companies are doing just that — as they attempt to encourage software start-ups to use their products and services.

Showing 1-12 of 12