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: 1-855-PLANBOXinfo@planbox.com

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