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Innovation Tournaments: Book Review

  • Innovation Tournaments: Creating and Selecting Exceptional Opportunities, a book authored by Christian Terwiesch and Karl Ulrich
  • Based on a structured and process-driven approach this book demonstrates how to systematically identify exceptional opportunities for innovation
  • An innovation tournament, just like its counterpart in sports, starts with a large number of candidates, with opportunities as the players; these opportunities are pitted against each other until only the exceptional survive
  • This book provides a principled approach for the effective management of innovation tournaments – identifying a wealth of promising opportunities and then evaluating and filtering them intelligently
  • With a set of practical tools for creating and identifying new opportunities, it guides the reader in evaluating and screening opportunities
  • The book demonstrates how to construct an innovation portfolio and how to align the innovation process with an organization’s competitive strategy
  • Innovation Tournaments employs quirky, fresh examples ranging from movies to medical devices
  • The authors’ tool kit is built on their extensive research, their entrepreneurial backgrounds, and their teaching and consulting work with many highly innovative organizations

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