How exactly do firms benefit by hosting internal hackathons for their teams at office?
By HIBA KHAN
Re-invention is key for any business. Adopting internal hackathons as normal business practice should now become a norm by companies as it fosters innovation, solves problems quicker and gives employees a chance to come forward with their unique ideas in a short time frame. As well as attracting new talent,they are also great for rekindling interest in unmotivated employees by giving them a sense of responsibility and purpose.
How exactly do firms benefit by hosting internal hackathons for their teams at office? Lets have a look;
Time pressure leads to fast solutions
The fact that employees have a limited amount of time to produce a prototype or solution forces them to adopt the opposite mindset. Instead of working at their own pace or when they feel they have time after priority tasks; they are forced to collaborate with a team to perfect an idea and prove its viability.
No failures, only lessons
Hackathons are a good reminder that failure is a good thing. When people experiment with a team on new ideas, they are likely to venture into interesting places and if they fail, they fail together and learn how to be better.
They are also a wonderful way to boost employee morale. There’s nothing like exploring a new project for hours together, uninterrupted to bond teammates with one another.
Reinforcing the right values
Working hard, working fast, working tirelessly, working intensely and working with your team. What entrepreneur or leader wouldn’t want their employees to embrace these values? It’s amazing for everyone to see how much can actually get done when there are no meetings, no phone calls, and no disruptions- just people working together towards a common goal.
For all businesses, hackathons can make the bottom-line difference between staying static and developing something that could transform the future.
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