Comments on: Corporate business plan competitions – an initiative to identify intrapreneurs and create open innovation http://www.15inno.com/2009/02/26/corporatebp/ Open innovation, social media tools and intrapreneurship Wed, 08 Feb 2012 08:07:53 +0000 hourly 1 http://wordpress.org/?v=3.3.1 By: Bill Wagner http://www.15inno.com/2009/02/26/corporatebp/comment-page-1/#comment-42 Bill Wagner Fri, 27 Feb 2009 08:39:13 +0000 http://www.15inno.com/?p=340#comment-42 Great article, Stefan. Now that we have a number of corporate business plan competitions to compare, I can see that when designing one, the organizer must be cognizant of how it will fit within the organization's culture. One example of this is deciding how competitors enter; HP has chosen to make it open to all employees while other companies use an invitation-only format. Both approaches may be correct for our particular corporate cultures. I bring this up as a caution about being overly perscriptive. There is no "one size fits all" design for a corporate competition. Designing a successful one requires cultural awareness and alignment with senior management. I hope that more companies will begin competitions like Flashpoint, Venturefest, and Man on the Moon. A sharing of best practices and experiences, both good and bad, is most helpful. Thanks again for the terrific article, Stefan! Great article, Stefan. Now that we have a number of corporate business plan competitions to compare, I can see that when designing one, the organizer must be cognizant of how it will fit within the organization's culture. One example of this is deciding how competitors enter; HP has chosen to make it open to all employees while other companies use an invitation-only format. Both approaches may be correct for our particular corporate cultures.

I bring this up as a caution about being overly perscriptive. There is no "one size fits all" design for a corporate competition. Designing a successful one requires cultural awareness and alignment with senior management.

I hope that more companies will begin competitions like Flashpoint, Venturefest, and Man on the Moon. A sharing of best practices and experiences, both good and bad, is most helpful.

Thanks again for the terrific article, Stefan!

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