10 rules for running a business-plan competition

04/29/2010 | MIT Entrepreneurship Review

Running a business-plan competition can be an easy way for large corporations to squeeze fresh ideas out of their workers and foster a culture of innovation, write William Aulet, Ricardo dos Santos, Stig Poulsen and William R. Wagner. The single biggest rule for success? Learn to celebrate off-the-wall ideas: If your employees are coming up with crazy-sounding ideas, they say, it's a sign they're doing something right.

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