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PrototypeOn the TV show “Shark Tank” contestants have a few minutes to sell their big ideas to seasoned investors.
GoalDesign a high-pressure online team setting in which only the best ideas and the perfectly delivered pitch by the most capable entrepreneurs and communicatorsare carefully evaluated.
ResultIdeas with the most transformativepotential are identified.
Focus AreasIn your Shark Tank Contest you can focus on areas like:
Your Shark Tank Event will provide you with killer investment-readyideas and extend a unique opportunity to your workforce to share theircreativity, insight, competitive spirit and business decision making skills.
Project Data Card
SHARK TANK — THE 5 STAGES
Your Online Shark TankEvent Outcomes
Customer impression
Services include:
Planbox powered Shark Tank
ProjectInternal team-based online business competition.
When useful?At any time. Best as a key element of a sustainable innovation program.
Desired outcomesIdentify high-value business opportunities.
Event DurationTypically 4 to 12 weeks.
Level of engagementHigh: successful events yield up to 60%participation from invitees.
DefineSTAGE 1
Spotlight the major issue to tackle,Document the evaluation process,Select participants.
LaunchSTAGE 2
Communicate challenges and goals of thecompetition, Send out invitations,Run the Shark Tank sessions,Measure engagement and collaboration.
First RoundSTAGE 3
Select the best teams and solutions, Announce teams and ideas that were selected, First round winners submit the business case.
Second RoundSTAGE 4
Evaluate the business cases.
The WinnerSTAGE 5
Announce the winning teams and ideas.
Business Model Innovation
Systems and Process Improvement
Customer Satisfaction and Retention
Set-up and configuration of a complete internal
competition management platform
Map business issues into themes, focus
areas and challenges
Design and development of a
competition portal, plus daily content
and updates duringthe event
Organization of pre-competition
trial runs
Post-competitionresult analysis
“Planbox met our criteria of capturing and managing ideasubmission, automatically generating reports to monitor the innovation process, and the flexibility to customize businessrules and automate communications.”
Karin Beckstrom Sr. Product Manager, ERT
www.planbox.com
Contact usinfo@planbox.com
North America: 1-855-PLANBOX (855-752-6269)International: 1-514-788-4703
How to Run aSUCCESSFUL ONLINE
SHARK TANKBUSINESS
INNOVATION CONTEST
How to Run aSUCCESSFUL ONLINE
SHARK TANKBUSINESS
INNOVATION CONTEST
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