"Primarily to stimulate inventions rather than service innovation, this is an interesting take on the monetary award principle of stimulating ideas. Link kindly suggested by Margaret Demian of NHSI."
"The IEM is an on-line futures market where contract payoffs are based on real-world events such as political outcomes, companies' earnings per share (EPS), and stock price returns. The market is operated by University of Iowa Henry B. Tippie College of Business faculty as an educational and research project."
"'lessons learned' video from the national knowledge market held in in Liverpool late 2008 by Sellafield, on behalf of the Nuclear Decommissioning Authority."
"Video of the national knowledge market held in in Liverpool late 2008 by Sellafield, on behalf of the Nuclear Decommissioning Authority. Also see the accompanying 'lessons learned' video."
"New product innovation is a strategic business activity that involves significant financial resources and managerial attention. Most new product launches fail because existing methods are unable to forecast their commercial successes accurately. In this article, we describe a market-based method to address this gap."
"New product innovation is a strategic business activity that involves significant financial resources and managerial attention. Most new product launches fail because existing methods are unable to forecast their commercial successes accurately. In this article, we describe a market-based method to address this gap."
"'Knowledge creation trumps knowledge transfer'
'Diversity trumps ability'
'Diversity across firms trumps diversity within companies'
These are some of the themes explored in this interesting article from Business Week Magazine. The Las Vegas casino Hurrahs is tapping into the power of prediction markets specifically to innovate. The importance of particular kinds of diversity are also explored. If you want to know more about Prediction Markets, we are building a considerable KIN resource on this here and the KIN Quarterly Workshop on 2nd December will cover this topic.
Thanks go to Jenny Ambrozek for pointing out this fascinating article. "
"Caution! Page goes deep into the mathematical theory behind prediction and group behaviour. Unless you are comfortable with 'the math', you will find this tough going."
Excellent blog on how the West can learn from innovations in developing countries. This may use digital media as an example, but the principle must surely apply to solution finding and innovation in many contexts.
New product innovation is a strategic business activity that involves significant financial resources and managerial attention. Most new product launches fail because existing methods are unable to forecast their commercial successes accurately. In this article, we describe a market-based method to address this gap.
