Knowledge at Wharton
The Innovation Tournament Handbook: A Conversation with Christian Terwiesch and Karl Ulrich
Mar 10, 2023
Wharton professors Christian Terwiesch and Karl Ulrich discuss their new book, 'The Innovation Tournament Handbook,' exploring the target audience and benefits of innovation tournaments, the importance of a culture of opportunities, two examples of successful and poorly executed tournaments, and their hopes to inspire readers and make innovation tournaments more accessible.
18:41
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Quick takeaways
- Innovation tournaments offer consistent and successful solutions for fostering innovation.
- Running an innovation tournament involves defining challenges, generating great opportunities, and implementing effective selection processes.
Deep dives
The Concept of Innovation Tournaments
Innovation tournaments are a process that involves creating matches between solutions and leads. Similar to sports tournaments, ideas compete against each other for selection in the innovation process.
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