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Prototype On the TV show “Shark Tank” contestants have a few minutes to sell their big ideas to seasoned investors. Goal Design a high-pressure online team setting in which only the best ideas and the perfectly delivered pitch by the most capable entrepreneurs and communicators are carefully evaluated. Result Ideas with the most transformative potential are identified. Focus Areas In your Shark Tank Contest you can focus on areas like: Your Shark Tank Event will provide you with killer investment-ready ideas and extend a unique opportunity to your workforce to share their creativity, insight, competitive spirit and business decision making skills. Project Data Card SHARK TANK — THE 5 STAGES Your Online Shark Tank Event Outcomes Customer impression Services include: Planbox powered Shark Tank Project Internal team-based online business competition. When useful? At any time. Best as a key element of a sustainable innovation program. Desired outcomes Identify high-value business opportunities. Event Duration Typically 4 to 12 weeks. Level of engagement High: successful events yield up to 60% participation from invitees. Define STAGE 1 Spotlight the major issue to tackle, Document the evaluation process, Select participants. Launch STAGE 2 Communicate challenges and goals of the competition, Send out invitations, Run the Shark Tank sessions, Measure engagement and collaboration. First Round STAGE 3 Select the best teams and solutions, Announce teams and ideas that were selected, First round winners submit the business case. Second Round STAGE 4 Evaluate the business cases. The Winner STAGE 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 during the event Organization of pre-competition trial runs Post-competition result analysis “Planbox met our criteria of capturing and managing idea submission, automatically generating reports to monitor the innovation process, and the flexibility to customize business rules and automate communications.” Karin Beckstrom Sr. Product Manager, ERT www.planbox.com Contact us [email protected] North America: 1-855-PLANBOX (855-752-6269) International: 1-514-788-4703 How to Run a SUCCESSFUL ONLINE SHARK TANK BUSINESS INNOVATION CONTEST How to Run a SUCCESSFUL ONLINE SHARK TANK BUSINESS INNOVATION CONTEST

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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 [email protected]

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