article thumbnail

The Case for Crowdsourcing Projects as a Business

Strategy Driven

Crowdsourcing is rapidly growing in terms of popularity among business owners because it’s proven to be a cost-effective option for idea generation. In reality, the time it takes to sit colleagues down, brainstorm, validate ideas and put them into action is often hugely underestimated. Retain a firm handle on your overheads.

Project 50
article thumbnail

Giving Up Is the Enemy of Creativity

Harvard Business Review

We asked professional comedians to generate punch lines for a sketch comedy scene; adults to generate advertisement slogans for a product; and people to come up with tactics a charity organization could use to increase donations. Several similar follow-up studies we conducted produced the same result.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

The Right Way to Start a Meeting

Harvard Business Review

Differentiate between idea generation sessions and decision-making forums; separate meetings driving long-term strategic thinking from those driving short-term action and accountability. Any tactical issues need to be tabled until Wednesday’s ops review.” “This is our monthly capacity-building session. .”

article thumbnail

Tap into Your Think Tank: Twenty Ways to Generate Ideas That Will.

Strategy Driven

There are times when you are so close to a project that it creates a mental block for idea generation. It could be anything (such as wearing a silly hat) that signals to your brain that it is time to go into idea-generating mode. Get an outsider’s opinion. Bringing in a fresh perspective can make all the difference.

article thumbnail

How to Influence People with Your Ideas

Harvard Business Review

You have to take your idea public, which means entering the "ideaplex" — that glamorous, treacherous place where videos go viral, TED stardom beckons, a thousand new authors publish each day, and think shops like IDEO make a business of idea generation. Julie''s inclinations were right.

article thumbnail

The Big Picture of Business: Putting Budgeting Into Perspective, The Bigger Picture of Strategic Planning

Strategy Driven

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Creative new ideas generated. Different people within the same organization have contrasting views as to the Business They’re Really In. The term Budgeting gets tossed around in many ways. Budgets get blamed for gridlock. Budgets get politicized.

article thumbnail

The Big Picture of Business – Planning and Budgeting in Downsized Times

Strategy Driven

The Business Tree : Growth Strategies and Tactics for Surviving and Thriving. Creative new ideas generated. Justify your risks in proportion to riskier ones they have previously funded. Validate your worth to the overall company operation. by Hank Moore. Any company or organization is like a tree. Information learned.