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Tournaments for Ideas

By:

Morgan John

Material type: Article

ArticleLanguage: ENG Series: ; 52Publication details: Winter 2010 0Edition: 2Description: 77-97 PpSubject(s):

Innovation, Tournaments, Ideas

DDC classification:

Online resources:

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Summary: The article refers to the Longitude Prizes of the 18th century and focuses on the innovation management concept called a tournament for ideas. The incentive mechanism in tournaments or contests that generate innovation and revolutionary or evolutionary ideas is discussed. The design of tournaments from an economic theory perspective such as prize structure is mentioned. A decision tree which includes the major points in the design of tournaments for ideas is discussed. Examples are given of platform and network concepts in market ecosystems that produce an exchange of ideas.

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Item type	Current library	Call number	Status	Date due	Barcode
Articles	Main Library	Mor (Browse shelf(Opens below))	Available		AR11673

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The article refers to the Longitude Prizes of the 18th century and focuses on the innovation management concept called a tournament for ideas. The incentive mechanism in tournaments or contests that generate innovation and revolutionary or evolutionary ideas is discussed. The design of tournaments from an economic theory perspective such as prize structure is mentioned. A decision tree which includes the major points in the design of tournaments for ideas is discussed. Examples are given of platform and network concepts in market ecosystems that produce an exchange of ideas.

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