The Committed Innovator: Why innovation competitions work
McKinsey holds an innovation competition every year; compelling evidence shows that most organizations can benefit from doing same. McKinsey & Company regularly holds an internal competition, the Innovation Olympics, in which our own teams bring their best business ideas to an internal competition. In the most recent cycle over 2,000 McKinsey colleagues competed, with the goal of creating a bottom-up innovation mechanism that surfaces great ideas and put them to work for our clients. In this episode, McKinsey innovation leader and senior partner Erik Roth speaks with our current winners about the process. Part of the team joins us—Iris Roelens, John Law-Lund, and Suryansh Soni—to describe how and why they decided to use machine learning to draw on McKinsey knowledge and create digital agents that could serve as virtual consultants. This is an edited transcript of their conversation. You can follow the series on your preferred podcast platform. See www.mckinsey.com/privacy-policy for privacy information
