-
Rethinking R and D
November 19, 2013 Editor 0
The Know IT website posted an article which noted that the rise in “open innovation” contests has helped companies broaden their research and development while reducing their cost and risk of failure. Such contests easily reach large numbers of external problem solvers with a variety of backgrounds, potentially leading to faster, cheaper and better solutions.The contests have piqued researcher Pei-yu Chen’s interest in how to make them work more effectively. Chen, associate professor of information systems at the W. P. Carey School of Business, has co-authored three papers looking at how innovation seekers can better design contests, evaluate entries and encourage high-quality solutions.
Click here to read the full article.
Related Posts
6 Easy Steps to Innovate any Product
Why financial inclusion matters
Towards a communication-based typology of management control modes: showing the relevance of communicative action for entrepreneurial settings
Monitoring and Evaluation vs. Good Management in Development- Mobilising Africa
“Women doing their own thing”: media representations of female entrepreneurship
Software helps engineers design infrastructure projects 30 Ways to Present a New Idea
