An article in McKinsey’s “What Matters” online journal ends with: “A prize is an old idea that remains surprisingly powerful today. We believe that more institutions should harness the power of this flexible, expressive instrument in their efforts to generate social and business benefits.” (full article)
We thought that prediction markets would be an excellent way forward along those lines. The article describes how prizes have triggered some of the most amazing ideas in the past. We at CrowdWorx believe a prediction market, which is a perfect incentive system on its own, is much more likely to be a constant source of improvement, instead a one time effort for a huge prize. Hence we invite everybody who is interested in improving his innovation process to have a trial with CrowdWorx Innovation Engine. Looking forward to hearing from you!
An article in McKinsey’s “What Matters” online journal ends with: “A prize is an old idea that remains surprisingly powerful today. We believe that more institutions should harness the power of this flexible, expressive instrument in their efforts to generate social and business benefits.” (full article)
We thought that prediction markets would be an excellent way forward along those lines. The article describes how prizes have triggered some of the most amazing ideas in the past. We at CrowdWorx believe a prediction market, which is a perfect incentive system on its own, is much more likely to be a constant source of improvement, instead a one time effort for a huge prize. Hence we invite everybody who is interested in improving his innovation process to have a trial with CrowdWorx Innovation Engine. Looking forward to hearing from you!
