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Demystifying the hackathon

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https://www.mckinsey.com/business-functions/digital-mckinsey/our-insights/demystifying-the-hackathon

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Demystifying the hackathon
The "hackathon" has become one of the latest vogue terms in business. Typically used in reference to innovation jams like those seen at Rails Rumble or TechCrunch Disrupt, it describes an event that pools eager entrepreneurs and software developers into a confined space for a day or two and challenges them to create a cool killer app.

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Hackathon

... is a term used in reference to innovation jams and describes an event that pools eager entrepreneurs and software developers into a confined space for a day or two and challenges them to inn...

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A Good 24-hour Hackathon

  • Centers on the customer process or journey and supports a clear business target.
  • Involves employees from all relevant areas to find different ways of working a problem.&n...

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SIMILAR ARTICLES & IDEAS:

Hackathon

A hackathon is an intensive, often software-centric, ideation, prototyping and presentation challenge on known or unknown problems or opportunities.

It is a design sprint-li...

Some Benefits Of A Hackathon

  • Hackathons generate actionable ideas, strategic product concepts and process improvements.
  • Internal hackathons –organized within a company — provide a great way to inspire teams and promote creativity, collaboration, and innovative thinking.
  • If run properly, hackathons can establish a stream of valuable ideas.
  • The gamification layer on top of hackathons can further motivate and reward employees for being innovative while staying aligned with the strategy of the corporation.

The Importance Of The Award

The most important though from a developer’s point of view is resources and sponsorship to drive the product/idea to the next stage. This could be the most inspiring award of all — the winners ability to use specialized resources (developers, equipment, software, services) — according to a suitable plan — and get prepared for a formal presentation of the outcome to the senior stakeholders, leaders and decision makers. 

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Reasons To Integrate Hackathons Into Your Business

  1. Hackathons bring employees together and increase morale. Exploring a project for hours together further bonds and most employees cooperate in teams instead of competing.
  2. Hackath...

The Hackathon

Is an event where people work tirelessly over a defined period of time to build something. Hackathons are most typically executed by engineers, but some companies have done hackathons with non-technical employees, such as sales. 

Innovation and Creativity

Innovation and Creativity

Creativity is about formulating new original ideas, while innovation is about how those ideas are being incorporated to produce and introduce new, useful, and feas...

Innovation in Entrepreneurship and Startups

Innovation can be achieved by mature, large companies, not only by startups.

While most innovation comes from startup companies, some of the top innovative companies are mature and large (Apple was founded in 1976 and generates $228 billion. Google: 1998, $78 billion, Microsoft: 1975, $87 billion.) The myth acts as a self-fulfilling prophecy and deters large companies from attempting to innovate like startups.

Being born creative

Creativity can be learned and exercised.

It can be affected by your practices, how you expose yourself to old ideas, procrastinate to let them incubate, trigger the combination of those ideas into new ones, and relax to let it happen. Great ideas might feel accidental, but they are not.

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