The powerful role of incentive competitions to spur innovation

In the 1920s, New York hotel owner Raymond Orteig offered a $25,000 prize to the first person to fly non-stop between New York and Paris. Several unsuccessful attempts were made before an American airmail pilot named Charles Lindbergh won the competition in 1927 with his plane, the Spirit of St. Louis. Lindbergh’s achievement made him […]

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Publicado el 21 de May del 2014
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