Add to Bookmark
|
Make VideoWired.com My Homepage
|
VideoWired Tools
VIDEO SEARCH
HOME
MUSIC
SPORTS
COMEDY
STUNTS
ENTERTAINMENT
NEWS
TV
NEW VIDEOS
CHANNELS
FAVORITE VIDEOS
MOST VIEWED
Categories
Home
Music
Sports
Comedy
Stunts
Entertainment
News
Television
Channels
StupidVideos.com
MySpace
Heavy
YouTube
WheelsTV
Maxim Magazine
Access Hollywood
E! Online
AOL News
AOL Music
MSN Video
TMZ.com
Oxygen
Oscar.com
Showtime
Fuel TV
EVTV1.com
Speed
NBA.com
NFL.com
NBC Sports
Fox Sports
RooTV
CBS SportsLine
CBS
CNN
NBC
Yahoo News
Business Week
Reuters
Weather Channel
The Power of Competition: How to Focus the World’s Brains on your Innovation Challenges Details
The Power of Competition: How to Focus the World’s Brains on your Innovation Challenges
Cooperation may be making us “a little bit too nice” when it comes to innovation, suggests Fiona Murray. She believes there’s nothing like competition for injecting energy into the process of solving key innovation problems, whether in business or society. Murray is convinced competition make ventures “more effective, more global, more inclusive and more democratic,” all important dimensions for business in a flattening world. She describes the rapidly expanding R&D expenditures of India and China, including the vast numbers of Ph.D.s these nations are producing in science and engineering. The corporate sector has found building global R&D organizations and collaborations difficult. In this challenging environment, where the advantage goes to those firms snagging the best scientists, Murray believes “prizes are complementary mechanisms” for attracting global talent. Just like historic rivalries among great artists (Nb., Titian, Tintoretto, Veronese), or the race to discover the structure of DNA, “fierce competition” can yield “dramatic productivity” and innovation, especially when the right rewards are at stake. Murray cites the 18th century competition to invent a mechanism for determining a ship’s longitude, which offered a 20 thousand-pound prize. She jumps to the present, with the X Prize Foundation and its various competitions to solve engineering challenges and societal problems, such as the three-person reusable spaceship, and a 100-mpg car — each with a $10 million prize purse. But it’s not just the money. Recent studies show that prizes prove alluring when they focus efforts and resources on a problem that people are already studying, offering fame and “putting fun back into innovation.” The fascination skews rational calculations, with competitors often spending well beyond the amount offered to the winner. Corporations should adopt the prize mechanism, believes Murray, to help generate new ideas (such as new applications for Google’s p...
Channel:
MIT World
Video Length:
0s
Date Found:
Sat, Aug 29 2009 8:59 AM
Category:
Science
Date Produced:
Fri, Jul 17 2009 12:00 AM
View Count:
0
Advertisement
Advertisement
Related Results From Science
TEDxCMU — Luis von Ahn -- Duolingo: The Next Chapter in Human Computation
From:
sciencestage.com
on
Mon, Jul 18 2011 11:15 AM
Luis von Ahn, the man who brought the world CAPTCHA and reCAPTCHA unveiled his newest and most innovative project to date: Duolingo. How can you translate the entire internet and do it for free? Duolingo will be a revolutionary product in which millions of internet users from around the world wi...
TEDxCMU — Michealene Risley -- Rape
From:
sciencestage.com
on
Mon, Jul 18 2011 11:14 AM
Michealene Risley shares with us her incredible story on how she gave up a comfortable life as a corporate executive and traveled to Zimbabwe to document some of the most heartbreaking and unfortunately events that are happening to women and little girls. Learning through her own experiences with...
Hillstranded: Monster Catching Rig
From:
Discovery Channel
on
Sun, Jul 17 2011 10:20 PM
The Hillstrand brothers assemble a heavy-duty fishing rig to go hunting after the Alaskan sea monster.
Hillstranded: Mystery Animal Expert
From:
Discovery Channel
on
Sun, Jul 17 2011 10:20 PM
Johnathan and Andy meet with cryptozoologist Paul Leblond who shares his research about the creature known as Cadborosaurus.
Alaskan Monster Hunt: Sea Monster Witness
From:
Discovery Channel
on
Sun, Jul 17 2011 10:17 PM
The Hillstrand’s adventure begins when an eyewitness shares stunning video evidence of a mysterious Alaskan sea monster.
Curiosity: John Seely Brown: Play and Innovation
From:
Discovery Channel
on
Sat, Jul 16 2011 7:33 PM
John Seely Brown discusses using play to foster innovation in this Curiosity video.
Curiosity: John Seely Brown: Play and Innovation
From:
Discovery Channel
on
Sat, Jul 16 2011 7:33 PM
John Seely Brown discusses using play to foster innovation in this Curiosity video.
Curiosity: John Seely Brown: On Curiosity
From:
Discovery Channel
on
Sat, Jul 16 2011 7:33 PM
John Seely Brown discusses curiosity in this Curiosity video.
Shark Week: Tasmanian Shark Attack
From:
Discovery Channel
on
Sat, Jul 16 2011 7:33 PM
Two surfers are enjoying a nice day on the water when suddenly a great white shark takes a bite out of one of them. Will she live?
Curiosity: John Seely Brown: 'Chief of Confusion'
From:
Discovery Channel
on
Sat, Jul 16 2011 7:32 PM
John Seely Brown discusses the 'Chief of Confusion' in this Curiosity video.
Curiosity: John Seely Brown: 'Chief of Confusion'
From:
Discovery Channel
on
Sat, Jul 16 2011 7:32 PM
John Seely Brown discusses the 'Chief of Confusion' in this Curiosity video.
Curiosity: John Seely Brown: Future of Business
From:
Discovery Channel
on
Sat, Jul 16 2011 7:32 PM
John Seely Brown discusses the future of business in this Curiosity video.
Curiosity: John Seely Brown: Technology Surprises
From:
Discovery Channel
on
Sat, Jul 16 2011 7:32 PM
John Seely Brown discusses what is surprising about technology in this Curiosity video.
Deadliest Catch 7: Brotherly Prank
From:
Discovery Channel
on
Sat, Jul 16 2011 7:32 PM
Jake Harris can’t help pulling a fireworks prank on his brother Josh while he's grooming his face.
Curiosity: John Seely Brown: Big Questions
From:
Discovery Channel
on
Sat, Jul 16 2011 7:31 PM
John Seely Brown discusses the big questions that keep him up at night in this Curiosity video.
Curiosity: John Seely Brown: Biggest Influence
From:
Discovery Channel
on
Sat, Jul 16 2011 7:31 PM
John Seely Brown discusses books that have had the biggest influence on him in this Curiosity video.
Deadliest Catch 7: Burned Out Hydros
From:
Discovery Channel
on
Sat, Jul 16 2011 7:30 PM
On the Ramblin' Rose, the burned out hydro compressor brings hauling to a stop and forces Captain Elliott to jury rig another high seas repair.
Curiosity: John Seely Brown: What Makes him Curious?
From:
Discovery Channel
on
Sat, Jul 16 2011 7:30 PM
John Seely Brown discusses what makes him curious in this Curiosity video.
Curiosity: John Seely Brown: On Creativity
From:
Discovery Channel
on
Sat, Jul 16 2011 7:28 PM
John Seely Brown discusses creativity in this Curiosity video.
Shark Week: Stalked By a Shark
From:
Discovery Channel
on
Sat, Jul 16 2011 7:28 PM
A massive great white shark notices a group of Australian fishermen and starts circling their kayaks. What happens next shocks them all.
VIDEOWIRED.COM FEATURED
Watch this week’s W...
Channel:
CBS News
Apartment buildings...
Channel:
CBS News
Murdochs testify, ...
Channel:
CBS News
Retired NFL players...
Channel:
CBS News
Laser brain surgery...
Channel:
KTRK Houston
Can Murdoch maintai...
Channel:
CBS News
Gov. Scott Walker g...
Channel:
MSNBC
News Corp. no diffe...
Channel:
MSNBC
Bachmann: Migraines...
Channel:
CBS News
AZ Rep. Trent Frank...
Channel:
MSNBC
Preview: The One Wh...
Channel:
CBS News
Jim Lee: Comics "ve...
Channel:
CBS News