How to organize an innovation competition to identify high value business opportunities? Organizations are now looking to run their own version of the pitch contest. Shark Tank competition suggested focus areas: - Business Model Innovation - Systems and Process Improvement - Increase in Customer Satisfaction & Retention - Employee Engagement - Technology Advancements - Services & Support Improvement - Supply Chain Optimization Extend a unique opportunity to your workforce to share their creativity, insight, competitive spirit and business decision making skills. --- * idea * idea management * ideation * innovation * innovation management * collaboration * culture * employee engagement * voice of customer * transformation * agile work innovation * ludwig * ludwig melik * melik

1. Shark Tank Innovation Challenge
How to organize
an innovation
competition to
identify high
value business
opportunities?

2. 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

3. 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

4. Focus Areas to Target
Shark Tank competition suggested focus areas:
Business Model Innovation
Systems and Process Improvement
Increase in Customer Satisfaction & Retention
Employee Engagement
Technology Advancements
Services & Support Improvement
Supply Chain Optimization

5. 5 Stages of the Competition

6. Key Organization Considerations

7. 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

8. Interested in setting up a
Shark Tank challenge?
Contact us and we’ll be
glad to help!
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