Innovation Tournaments: Creating and Selecting Exceptional Opportunities

The rate of industry disruption is constantly accelerating, forcing companies to perpetually innovate, or risk falling behind.

For an organization to meet this challenge, a culture of innovation must be imbued from the top down.

An innovation tournament is a competition where new ideas compete with one another in numerous rounds of vetting, and only the strongest and most promising ideas make it to the final round. Based on the Darwinian principle of “Survival of the Fittest,” it systematically elicits a large number of innovation opportunities (the contestants) and selects a handful of exceptional ones (the winners). An innovation tournament can generate some remarkable innovation opportunities.

In this webinar, Wharton Professor Christian Terwiesch and co-author of the book, Innovation Tournaments: Creating and Selecting Exceptional Opportunities, will show you how innovation is a process that can be managed and perfected. Learn how you can develop a process of creating and selecting exceptional business opportunities that can start an innovation push within your organization.

If you are interested in learning more about this Wharton Executive Program, visit WhartonForInnovation.com.

Christian Terwiesch is the Andrew M. Heller Professor at the Wharton School of the University of Pennsylvania. He is a professor in Wharton’s Operations, Information and Decisions department, co-director of Wharton’s Mack Institute for Innovation Management, and also holds a faculty appointment in Penn’s Perelman School of Medicine. His research on Operations Management and on Innovation Management appears in many of the leading academic journals, ranging from Management Science to The New England Journal of Medicine. He is an award-winning teacher with extensive experience in MBA teaching and executive education.