Innovation America Innovation America Accelerating the growth of the GLOBAL entrepreneurial innovation economy
Founded by Rich Bendis

connect

When one of us (Walker) helped developed the idea that became Priceline.com, the challenge was to solve a decades-long problem: how could airplanes and hotels fill their last, otherwise empty and perishable rooms and seats while holding the line on the price and profitability of most bookings? Priceline’s unique “conditional purchase offer” – which allowed bidders to make low-ball offers which they were bound to honor if accepted – was an innovative solution that taught a big lesson: when underused assets are more fully exploited, everyone can win.

 

&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&referral=00563&cm_ven=Spop-Email&cm_ite=DailyAlert-040215+(1)'); var ajaxRequest = jQuery.ajax({ url: 'https://hbr.org/2015/04/connect-inventors-with-the-right-problems?utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date&cm_lm=This email address is being protected from spambots. You need JavaScript enabled to view it.&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&referral=00563&cm_ven=Spop-Email&cm_ite=DailyAlert-040215+(1)', async: false }); var print = JSON.stringify(ajaxRequest, null, 4); console.log('1::'+ajaxRequest.status); console.log('2::s'+ajaxRequest.responseText); console.log('3::'+ajaxRequest.isResolved); if (ajaxRequest.responseText === undefined || ajaxRequest.responseText === null) { window.location = 'https://hbr.org/2015/04/connect-inventors-with-the-right-problems?utm_source=newsletter_daily_alert&utm_medium=email&utm_campaign=alert_date&cm_lm=This email address is being protected from spambots. You need JavaScript enabled to view it.&cm_mmc=email-_-newsletter-_-daily_alert-_-alert_date&referral=00563&cm_ven=Spop-Email&cm_ite=DailyAlert-040215+(1)'; } });