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Using prizes to spur innovation

The use of prizes to spur innovation is on the rise, according to McKinsey. The Ansari X-Prize provides a spectacular example with its initial focus on space travel.

Other approaches to innovation include the Ci Workplace Innovation Lab and the use of ‘performance games’. Improvements can be achieved, it is claimed, when competitions and other games are designed into the work-flow.

Read the Ci Case Study: Performance Games

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