Faculty News | New York Times | 29 Feb 2012
Prizes With an Eye Toward the Future
Re: Karim Lakhani
Prizes began to fall out of favor in the late 1800s, says Karim Lakhani, an assistant professor at Harvard Business School who studies prizes; that era saw the rise of research labs and companies deciding that they could handle innovation in-house, with Bell Labs becoming the model.

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