Innovation Tournaments

In this summary you will learn

• What innovation tournaments are
• How to plan for innovation
• How to generate and evaluate innovations

getAbstract rating

Why you should read Innovation Tournaments

This is one of the better recent books on innovation, although it has a slightly misleading title. Yes, authors Christian Terwiesch and Karl T. Ulrich define and discuss innovation tournaments and their possible role in making organizations more successful at innovating. But the title is too limiting; innovation tournaments are really only a portion of what it offers. In addition to being written in an easy, familiar style and being full of examples and illustrations, the book is rich with tips, models and guidelines to help readers navigate all stages of the innovation process. Terwiesch and Ulrich candidly discuss the necessity of failure and the costs of developing innovations, but they’re also realistic when they describe the benefits. getAbstract recommends their book to managers who are responsible for evaluating ideas and fostering innovation.

About the Authors

Wharton School of Business professors Christian Terwiesch, who teaches Operations and Information Management, and Karl T. Ulrich, who is the CIBC Professor of Entrepreneurship and eCommerce, have written or co-written numerous academic articles and several books.