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Innovation: using prizes

It has become popular to use prizes to generate ideas and solutions. Here is the latest one: prize for car that can go 100 miles. Netflix used a prize, $1m, for a team that could create a better algorithm to recommend movies. That is going outside the company to generate new ideas–external idea generation in the IVC concept. Morten

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Good sites to find management news etc.

Here are some useful sites to look for interesting things related to MIIC;
– Harvard Business Review blog site
http://hbr.org/
– Financial Times ft.com, see management page
– wall street journal, wsj.com,
go to business then management page
Morten