How the Internet is Revitalizing the Innovation Prize Model

By • on May 27, 2011

In his May 21 “New York Times” online article “Change the World, and Win Fabulous Prizes,” Steve Lohr provides a history of the prize model and discusses current open innovation contests.

Josh Lerner, a professor at the Harvard Business School, is quoted in the article and explains that the proliferation of prizes is part of the larger trend of opening corporations and government to wider networks of people with fresh ideas by using the Internet. Crowdsourcing and open-source software — computer programs developed and debugged by far-flung groups of contributors — are other examples of the “open innovation” approach.

Click here to read the full article.

Image via flickr.

Related Posts

Related Entries

Recent Entries

Leave a Comment

Purchase viagra online and purchase it from the good to cope with dependable and trustworthy pharmacy. Don't believe of the recommendation by a mantra but instead as suggestion that is useful since that might be really a correct move to make to think about. It's not just about general ease of doing all of your buying resting before your Computer, or around no prerequisite to depart your home or stand-in point, but additionally concerning the choices you might have barely considered overall. Visit the drugstore you might have handled earlier in the event that you know the thing you need precisely. Examine the options what, why and just how if, nevertheless, you will find neither particular needs or a drugstore to go to.