Innovation tournaments : creating and selecting exceptional opportunities / Christian Terwiesch, Karl T. Ulrich.

Format:

Book

Author/Creator:

Terwiesch, Christian, author.

Ulrich, Karl T., author.

Language:

English

Subjects (All):

Technological innovations--Management.

Technological innovations.

Creative ability in business.

Physical Description:

1 online resource (183 pages) : illustrations

Place of Publication:

Boston, Massachusetts : Harvard Business Press, 2009.

Language Note:

English

Summary:

Managers, entrepreneurs, and venture capitalists all seek to maximize the financial returns from innovation, and profits are driven largely by the quality of the opportunities they pursue. Based on a structured and process-driven approach this book demonstrates how to systematically identify exceptional opportunities for innovation.An innovation tournament, just like its counterpart in sports, starts with a large number of candidates, with opportunities as the players. These opportunities are pitted against each other until only the exceptional survive.This book provides a principled approach for the effective management of innovation tournaments - identifying a wealth of promising opportunities and then evaluating and filtering them intelligently for greatest profitability. With a set of practical tools for creating and identifying new opportunities, it guides the reader in evaluating and screening opportunities. The book demonstrates how to construct an innovation portfolio and how to align the innovation process with an organization's competitive strategy. Innovation Tournaments employs quirky, fresh examples ranging from movies to medical devices. The authors' tool kit is built on their extensive research, their entrepreneurial backgrounds, and their teaching and consulting work with many highly innovative organizations.

Contents:

Tournaments 101 : a primer for innovators

In-house sources : generating opportunities internally

Outside sources : sensing opportunities externally

Elimination round : screening opportunities

Strategic fit : pulling opportunities from strategy

Short-term profitability : analyzing near-horizon opportunities

Interdependence : forming opportunity portfolios

Long-term profitability : managing far-horizon opportunities

Structure : shaping the innovation funnel

Administration : organizing and governing innovation

Tournaments 201 : an innovator's guide to getting started.

Notes:

Bibliographic Level Mode of Issuance: Monograph

Includes bibliographical references.

Description based on print version record.

ISBN:

9781422133385

1422133389