Showing papers by "Mokter Hossain published in 2014"
TL;DR: In this article, the authors analyze the X Prize Foundation and three of the competitions it has organized in order to identify the challenges of competition-based innovation and how to overcome them.
Abstract: The use of competition-based processes for the development of innovations is increasing. In parallel with the increasing use of competition-based innovation in business firms, this model of innovation is successfully being used by non-profit organizations for advancing the development of science and technology. One such non-profit organization is the X Prize Foundation, which designs and manages innovation competitions to encourage scientific and technological development. The objective of this article is to analyze the X Prize Foundation and three of the competitions it has organized in order to identify the challenges of competition-based innovation and how to overcome them.
7 citations
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TL;DR: In this article, the authors analyze the X Prize Foundation and three of the competitions it has organized in order to identify the challenges of competition-based innovation and how to overcome them.
Abstract: The use of competition-based processes for the development of innovations is increasing. In parallel with the increasing use of competition-based innovation in business firms, this model of innovation is successfully being used by non-profit organizations for advancing the development of science and technology. One such non-profit organization is the X Prize Foundation, which designs and manages innovation competitions to encourage scientific and technological development. The objective of this article is to analyze the X Prize Foundation and three of the competitions it has organized in order to identify the challenges of competition-based innovation and how to overcome them.
6 citations
Posted Content•
TL;DR: In this article, the authors provide insight about how competition-based innovation can be used in creating breakthrough innovation, and demonstrate that even breakthrough innovations can be brought about through innovation competitions.
Abstract: A new approach for creating breakthrough innovation is emerging. This is competition-based innovation with a novel model. In parallel with the increasing use of competition-based innovation in for-profit organizations, this model of innovation is successfully being used by non-profit organizations for advancing the development of science and technology. One such non-profit organization is the X Prize Foundation, which designs and manages innovation competitions to encourage scientific and technological development. The objective of this study is to provide insight about how competition-based innovation can be used in creating breakthrough innovation. With the X Prize Foundation and three innovation competitions organized by this organization, we illustrate that, as surprising as it may seem, even breakthrough innovations can be brought about through innovation competitions. This study debunks some common beliefs concerning breakthrough innovation and innovation competitions.
2 citations