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Tournaments for Ideas
Morgan, John , and Richard Wang
52/2  (Winter 2010): 77-97

Governments and foundations have successfully harnessed tournaments to spur innovation. Yet this tool is not widely used by firms. This article presents a framework for managers seeking to organize tournaments for ideas. It examines the theoretical underpinnings of tournaments and then connects the theory with three recent innovations—the power of the network, the wisdom of crowds, and the power of love—that boost the effectiveness of tournaments. Short cases and academic studies illustrate the framework.

 

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