The Importance of Innovation

Published on August 21, 2018

Abstract

Innovation—it’s the buzzword of the moment. And Karim Lakhani has a very interesting perspective on it. Karim is an Associate Professor of Business Administration at the Harvard Business School, and the Principal Investigator of the Crowd Innovation Lab and NASA Tournament Lab at the Institute for Quantitative Social Science.

Essentially, Lakhani crowd-sources innovation to solve tough problems, and so he’s learnt a thing or two about which methods work best. With our government’s current focus on innovation in mind, Hamish Macondald asked Karim Lakhani about the importance of innovation


Authors

Karim Lakhani

Karim R. Lakhani is a Professor of Business Administration at the Harvard Business School and one of the Principal Investigators of the Laboratory for Innovation Science at Harvard (LISH). He specializes in the management of technological innovation in firms and communities. His research is on distributed innovation systems and the movement of innovative activity to the edges of organizations and into communities. He has extensively studied the emergence of open source software communities and their unique innovation and product development strategies. He has also investigated how critical knowledge from outside of the organization can be accessed through innovation contests. Currently, Professor Lakhani is investigating incentives and behavior in contests and the mechanisms behind scientific team formation through field experiments on the Topcoder platform and the Harvard Medical School.

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