Test-Driving the Future: How Design Competitions Are Changing Innovation

Research output: Contribution to journalArticle

DOI

Authors

Details

Original languageEnglish
Pages (from-to)71-85
JournalAcademy of Management Perspectives
Volume26
Issue number2
DOIs
Publication statusPublished - 2012
Publication type

Research output: Contribution to journalArticle

Abstract

As organizations realize the potential of “open innovation” models, design competitions—target-setting events that offer monetary awards and other benefits to contestants—are regaining popularity as an innovation tool. In this paper we look at the innovation agendas of organizations and individuals who sponsor and organize design competitions. We then examine the architecture and governance of such competitions, and explore how open innovation and crowdsourcing, in combination with online platforms, have transformed design competitions. Finally, we look at the evolution of design competitions and highlight their expanding scope and complexity.