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Shark Tank Innovation Challenge
How to organize an innovation competition to identify high value business opportunities?
In the hit show Shark Tank, contestants have a few minutes to sell their big idea to seasoned investors.
Learning from Shark Tank Hit TV Show
4 key elements are required to succeed in this high pressure setting: + Best ideas + Perfectly delivered pitch + Most capable entrepreneurs + Great communicator
Bringing this concept to your organization
Organizations are now looking to run their own version of the pitch contest
Designed to be a collaborative internal business competition
Solve high value business challenges in a team setting
An effective model for identifying the winning and potentially the most transformative ideas
Focus Areas to Target
Shark Tank competition suggested focus areas:
Business Model InnovationSystems and Process Improvement Increase in Customer Satisfaction & RetentionEmployee EngagementTechnology AdvancementsServices & Support ImprovementSupply Chain Optimization
5 Stages of the Competition
Key Organization Considerations
Shark Tank Challenge Benefits
A key element of sustainable innovation programs
Killer investment-ready ideas
Extend a unique opportunity to your workforce to share their creativity, insight, competitive spirit and business decision making skills
Interested in setting up a Shark Tank challenge?
Contact us and we’ll be glad to help!
VISIT US: Planbox.com
Phone: [email protected]
Follow us: Twitter: https://twitter.com/planboxFacebook: https://www.facebook.com/planboxLinkedIn: https://linkedin.com/company/planbox
