BOSTON--(BUSINESS WIRE)--A trio of forward-looking organizations has combined forces to identify the best new ideas and practices coming out of management today—ideas that will fuel innovation and help architect a brighter future. Harvard Business Review, McKinsey & Company, and the Management Innovation eXchange (MIX) have announced submissions are open for the first annual Harvard Business Review/McKinsey M-Prize for Management Innovation.
“We’re looking for today’s most exciting ideas on reinventing management for the 21st century,” said Gary Hamel, cofounder and visionary behind the MIX, and the author of The Future of Management. “If you have something to say about why organizations need to be as adaptable as the people in them, then we want your ideas. The goal here is to remake business for the betterment of both industry and society.”
The M-Prize will roll out in three phases. The first is the Management 2.0 Challenge, which seeks the most progressive practices and disruptive ideas that illustrate how the governing principles and tools of the Web can make our organizations more adaptable, innovative, inspiring, and accountable. Submissions will be accepted through July 18, 2011. The subsequent phases will unfold over the course of a year; combined, the entire M-Prize challenge will focus on leveraging technology, reinventing strategy, and rethinking organizations. For more details on the award, read Eric Hellweg’s HBR.org blog post.
Winners will be selected by a panel of foremost business thinkers and doers, including: bestselling author Clay Shirky; Tim O’Reilly of O’Reilly Media; Gary Hamel; HBR.org Editor Eric Hellweg; London Business School Professor Lynda Gratton; McKinsey & Company Director James Manyika; Gartner Group Vice President Mark McDonald; and author of The New Capitalist Manifesto, Umair Haque. Winners will receive recognition as management innovators on the MIX, via Harvard Business Review and HBR.org, and through McKinsey Quarterly and McKinseyQuarterly.com. Winners will also earn the chance to appear at the MIX Live gathering, currently being scheduled for late spring 2012.
“For more than eight decades, Harvard Business Review has been on the vanguard of provocative and practical management ideas,” said Adi Ignatius, Editor-in-Chief of Harvard Business Review. “With our participation in this exciting new contest, we feel we’re continuing to live into our mission of improving the practice of management and its impact in a changing world. We look forward to reading the great new ideas out there—from tomorrow’s best thinkers.”
"In today's volatile global economy every industry faces the challenge of disruptive innovation," said Rik Kirkland, Senior Managing Editor at McKinsey & Company. "Business as usual is not an option. That's why we are so delighted to collaborate with Harvard Business Review and the MIX in encouraging new thinkers to come forward with fresh ideas and unexpected insights into how to meet a very different set of management challenges."
About Harvard Business Review
Harvard Business Review is the leading destination for smart management thinking. Through its flagship magazine, 11 international licensed editions, books from Harvard Business Review Press, and digital content and tools published on HBR.org, Harvard Business Review provides professionals around the world with rigorous insights and best practices to lead themselves and their organizations more effectively and to make a positive impact.
About McKinsey & Company
McKinsey & Company is a global management consulting firm dedicated to helping the world's leading organizations address their strategic challenges, from reorganizing for long-term growth to improving business performance and maximizing revenue. With consultants deployed in more than 50 countries around the globe, McKinsey advises on strategic, operational, organizational and technological issues. For more than eight decades, the firm's primary objective has been to serve as an organization's most trusted external advisor on critical issues facing senior management. McKinsey has extensive experience in all major industry sectors and primary functional areas, as well as in-depth expertise in high-priority areas for today's business leaders. McKinsey also helps a diverse range of government institutions, public administrations and non-profit organizations with their management challenges. For more information, please visit www.mckinsey.com.
About the Management Innovation eXchange
The MIX (Management Innovation eXchange) is the world's first open innovation project aimed at reinventing management. On the MIX, impassioned innovators from around the world are working together to create organizations that are as resilient, inventive, and inspiring as the people who work within them. It's time to reinvent management. You can help. Join the MIX.