Global Network of Solvers Overview

The video discusses a global network of 180,000 solvers from over 200 countries, many with advanced degrees, who are available to tackle various problems. The focus is on an innovation model that shifts from managing a workforce to engaging global talent through well-defined problem statements and inducements, such as prizes. This prize-based model is highlighted as a powerful approach to solving problems by incentivizing success rather than managing processes.

What is the primary role of the global network of solvers?

• To manage the workforce

• To solve complex problems

• To provide financial support

• To market new products

What percentage of solvers in the network have advanced degrees?

• 80%

• 30%

• 50%

• 60%

In how many countries are the solvers from the network located?

• 150+

• 250+

• 100+

• 200+

How does the incentive-based model differ from traditional workforce management?

• It focuses on managing employees

• It relies on a fixed salary system

• It engages global talent through problem-solving

• It limits participation to local experts

What is a problem statement in the context of this innovation model?

• A list of potential solutions

• A detailed need with success criteria

• A summary of past projects

• A vague description of a challenge

What is the purpose of offering a prize in this model?

• To attract investors

• To reward successful problem solvers

• To increase product prices

• To reduce competition

How does the prize-based model benefit enterprises?

• By increasing the number of employees

• By reducing the need for innovation

• By limiting the scope of projects

• By ensuring payment only for successful solutions

What is the main advantage of the inducement-based model?

• It focuses on local expertise

• It engages a wide range of global talent

• It reduces the need for external partnerships

• It simplifies project management

What is the key question the prize-based model changes?

• How to manage a large workforce

• How to increase product sales

• How to engage global talent effectively

• How to reduce costs