Innovation tournaments : creating and selecting exceptional opportunities

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Title:

Author:

Terwiesch, Christian.

ISBN:

9781422152225

Personal Author:

Terwiesch, Christian.

Publication Information:

Boston, Mass. : Harvard Business Press, c2009.

Physical Description:

x, 242 p. : ill. ; 25 cm.

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.

Subject Term:

Technological innovations -- Management.

Creative ability in business.

Added Author:

Ulrich, Karl T.

Copies:

Available:*

Library	Material Type	Item Barcode	Shelf Number	Copy	Status
Searching... 1:IIEMSA	1:GEN-BOOK	33168025438082	658.4063 T333.I 2009	1	Searching... Unknown

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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.