Innovate internally

1. Innovate Internally

2. Contd..
• “Design the next big thing“ is not a good challenge statement. Make
your challenge statement or question focus on a specific problem to
be solved. As companies grow, they build up massive repositories of
knowledge, resources and intellectual property assets that become so
large, even their own employees and executives are not fully aware of
its breadth.
• Leverage this content by encouraging contestants to access this data.
Lay out a step-bystep process so your employees aren't
overwhelmed. For instance, rather than ask them to turn in a 50-page
business plan for their idea, ask them to first submit a one-page
pitch.Once you narrow the candidate pool, quarter-finalists can then
flesh their ideas out into full-fledged proposals.

3. Contd..
• This way , all contestants get immediate feedback on their ideas, and
know whether they are on a fruitful path before committing any more
time to it.This process also encourages them to learn and practice
different skill sets: pitching, analysis, plan preparation, etc.
• As with most new businesses and patents, most innovation contests
do not lead to substantial results right away . For that reason, it's
important to emphasise the benefits that contests yield.

4. Contd..
• No matter what finally happens with the eventual winning idea, well-managed
internal competitions teach employees new skills, connect
them across multiple departments and amplify the company's overall
creative ambience.
• From “To Encourage Innovation, Make It a Competition“

5. For details and bookings contact:-
Parveen Kumar Chadha… THINK TANK
(Founder and C.E.O of Saxbee Consultants & Other-Mother )
Email :-saxbeeconsultants@gmail.com
Mobile No. +91-9818308353
Address:-First Floor G-20(A), Kirti Nagar, New Delhi India Postal Code-110015