Market-driven Innovation Management, from the inside in

I attach the presentation file, full paper and abstract of the work I presented earlier today at APMS 2008, here in beautiful Espoo, Finland. Your comments are welcome.

Market Drive Innovation Management, from the inside in

View SlideShare presentation or Upload your own. (tags: tziralis predictionmarkets)

abstract: Modern enterprises and organizations seem like market-agnostic, semi-permeable bubbles, in a market-powered universe. Although markets external ly define companies’ operations, such mechanisms have yet no place in supporting the decisions of those entities. We attempt to address this reality by exploring the use and impact of an internal market mechanism to support decision-making in innovation management. We step up by focusing on a generic innovation’s management problem, the one of idea selection. An abstract model of an internal market is shaped, with contracts traded on selecting the idea that has the greatest potential for deployment. The questions that we ultimately address regard the properties of market’s convergence towards equilibrium. In our case, this translates to a meta-mechanism able to aggregate the totality of available information throughout knowledge workers and utilize it to highlight among the available ideas the one with the greatest potential for development. A market-approach to innovation management is rather novel; we believe that this text provides some unique contributions in this developing field, while introduces various options for further research.

full paper (.pdf)