It's time to reinvent management. You can help.

FreshMIX

daily dispatches from the management vanguard
gary-hamel's picture

Announcing the 2012-13 HBR/McKinsey M-Prize

When we launched the Harvard Business Review/McKinsey M-Prize for Management Innovation last year, our goal was to surface the world’s most amazing management practices, and to highly those individuals around the world who are reinventing “the technology of human accomplishment.”

Working with our partners, we teed up three knotty management challenges:

  • How can we use the new “social tools” of the Web to reinvent how we lead, manage and organize?
  • How can we “banish bureaucracy” and create organizations that are radically empowering?
  • How can we reinvent capitalism for the long-term by strengthening the “moral capital” of our organizations and embedding a deep sense of stewardship?

Some 400 robust contributions later, we are more confident than ever that together we can tackle the challenge of building organizations that are fit for the 21st century and fit for human beings.  (Click here for a list of the winning entries.) 

In planning the second annual M-Prize competition, we invited the entire MIX community to help us prioritize today’s most pressing management issues—the make-or-break challenges that cry out for unconventional thinking and bold new practices.  Of all the challenges that were nominated, Innovating Innovation engendered the most discussion and support, followed closely by Cultivating 21st Century Capabilities.   These will be the first two challenges we’ll tee up in the second iteration of the M-Prize tournament.  We’ll announce a third “wild card” challenge next year.

Today, though, we’re launching the first M-Prize challenge: Innovating Innovation. The goal: to create organizations in which innovation is instinctual, in which the passion to create is palpable, and where rewards for innovation, monetary and otherwise, are truly mouth-watering.  Tackling a problem of this depth and breadth is going to take a lot of help.  So if you’re eager to get innovation out of the wings and onto center stage, we hope you’ll contribute a “story” (a real-life case study of a company’s innovative practices), or a “hack” (a bold, new idea for making innovation endemic in our organizations.)

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gauri-bhatt's picture

Is there an option to publish only the summary and screen the rest of the content till the Jury evaluates the entry? We would not want to disclose some of the information on the site.

mix-team's picture

Hi Gauri, I'm sorry but we have no option for that and all M-Prize entries must be available for the public to read on the MIX web site. Thanks for your intertest and we hope you can still make your submission!

nan-mehta's picture

Could the entry be about a person other than ourselves that has inspired, supported and demonstrated innovation?