Alph Bingham and The Open Innovation Marketplace

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We are excited about a new book on innovation that has recently been released. The Open Innovation Marketplace by Alph Bingham offers a new perspective on a very timely subject, one that is near and dear to our hearts. We have been following Alph for quite some time because he has long been a proponent of the value of prediction markets as efficient aggregators of knowledge and helpful tools for innovation.

In his new book, Alph provides a new perspective on “meta” innovation, the practice of innovating on innovation and walks the reader through clear case studies from the innovator’s perspective. We highly recommend The Open Innovation Marketplace because of its practice-based model. Alph includes both a playbook on Implementation as well as a playbook on building a “challenge” based or modular organization that invites more effective innovation. Alph defines a challenge as a way of packaging work and sizing it appropriately in a way that enables people to collaborate and focus on the task and makes it portable so that it can be worked on outside of the organization.

At its heart, The Open Innovation Marketplace aims to attack established beliefs around how knowledge is tapped for innovation. We know from experience that prediction markets are one very powerful way for enterprises to tap into these additional knowledge networks.

If you would like more information on The Open Innovation Marketplace, check out YourEncore’s recent interview with Alph:





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