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.
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