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Author : Henry Sauermann
Publisher : ProQuest
ISBN 13 : 9780549518297
Total Pages : 190 pages
Book Rating : 4.5/5 (182 download)
Download or read book Individual Incentives as Drivers of Innovative Processes and Performance written by Henry Sauermann and published by ProQuest. This book was released on 2000 with total page 190 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Individual Incentives as Drivers of Innovative Processes and Performance written by and published by . This book was released on 2004 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt: Applied economists and strategy scholars have examined a variety of firm-level factors that may explain the level and direction of firms' innovative effort and performance, including firms' profit incentives. Innovation at the firm level, however, should also depend heavily on the nature of the pecuniary and non-pecuniary incentives driving the efforts of those individuals that are responsible for innovative activities within firms. Drawing on research in economics and social psychology, I examine three questions: 1. What are the motives of individuals engaged in firm innovation? 2. How do individuals' motives and incentives affect their innovative effort and performance? 3. How do individuals' motives and incentives differ between entrepreneurial and established firms, and are any such differences associated with differences in innovative effort and performance? My empirical analysis builds on the National Science Foundation's SESTAT data, which contain survey responses from over 10,000 scientists and engineers employed in U.S. firms. Among others, the data contain measures of individuals' extrinsic, intrinsic, and social motives (e.g., preferences for work benefits such as salary, intellectual challenge, and contribution to society), effort, and innovative performance. In chapter Two ("What makes them tick - Employee motives and firm innovation"), I develop a formal model of the relationships between individuals' motives and incentives, effort, and innovative performance. Econometric analyses using the SESTAT data suggest that individuals' motives have significant effects upon innovative effort, as well as on innovative performance, controlling for effort. Overall, intrinsic motives (in particular, intellectual challenge) appear to be more beneficial for innovation than extrinsic motives. In chapter Three ("Fire in the belly? Individuals' motives and innovative performance in startups and established firms"), I examine differences in motives, effort, and performan.
Author : Henry Sauermann
Publisher :
ISBN 13 :
Total Pages : 0 pages
Book Rating : 4.:/5 (137 download)
Download or read book Individual Incentives as Drivers of Innovative Processes and Performance - Executive Summary written by Henry Sauermann and published by . This book was released on 2015 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: Drawing on research in economics and social psychology and using survey data from over 10,000 scientists and engineers (SESTAT 2003), I examine the relationships between individuals' pecuniary and nonpecuniary motives and incentives, innovative effort, and innovative performance in firms. I find that individuals' motives, in particular intrinsic motives such as intellectual challenge, are important drivers of innovative outcomes. I also investigate differences in motives, effort and performance between startups and established firms. While extrinsic motives differ across firm types, intrinsic motives are surprisingly similar. The existing differences in motives explain only a limited amount of the observed significant effort and performance differences in startups versus established firms.
Author : Lukas Weniger
Publisher : GRIN Verlag
ISBN 13 : 3346180921
Total Pages : 71 pages
Book Rating : 4.3/5 (461 download)
Download or read book Designing incentives in innovations processes. Gamification as an approach for creating an incentive system for the early stage of the innovation process written by Lukas Weniger and published by GRIN Verlag. This book was released on 2020-06-12 with total page 71 pages. Available in PDF, EPUB and Kindle. Book excerpt: Master's Thesis from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: Incentive systems can contribute to the best possible exploitation of the employee’s abilities. A new way of setting those incentives and motivating employees is gamification. Gamification is defined as the application of game mechanics to a non-game setting, such as the business environment. Companies have discovered game-like incentives for motivating their employees, and now, this paper tries to create a gamified incentive system for motivating employees in the early stage of the innovation process. Innovation creates value, strengthens the market position and creates competitive advantages. Therefore innovation is widely seen as a critical source for economic success for companies. However, at the same time, innovation is expensive. For example, in 2018 alone, Apple invested as much as 14,24 billion dollars on research and development. This represented around 46% of their total operating expenses and approximately 2,6% of their total revenues. These costs are making it vital for companies to ensure the efficient use of innovation resources. This efficiency is largely determined by the competence, creativity and motivation of the employees working in the area of in research and development (R&D). Thus, companies have to generate adequate motivation in employees to deliver their innovative ideas, obtain a patent and develop the patentable idea into profitable innovation. Human resource (HR) management practices are considered as an essential instrument to fulfil this task. However, standard pay-for-performance schemes, which only reward short-term financial success, are not suitable for fulfilling this task in the innovation process, because innovation processes are likely to fail as they contain a high degree of uncertainty. In standard schemes, this failure would result in penalties by a lower compensation or a possible termination of the contract. This punishment has the potential to harm the innovative behaviour of employees. A company that wants to encourage innovation must design incentive systems that free employees to take risks, experiments and discover what practices and technologies are the most effective. These unique characteristics of innovation processes are the reason why analysing incentive systems in the context of innovation processes is of particular interest. Especially since incentive systems are considered as essential for ensuring the efficiency of innovation processes, as employees adapt their behaviour to these systems.
Author : Dr Nelson Leung
Publisher : Academic Conferences Limited
ISBN 13 : 1909507180
Total Pages : 402 pages
Book Rating : 4.9/5 (95 download)
Download or read book ICIME 2013 Proceedings of the 4th International Conference on IS Management and Evaluation written by Dr Nelson Leung and published by Academic Conferences Limited. This book was released on 2013-05-13 with total page 402 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author :
Publisher :
ISBN 13 :
Total Pages : 612 pages
Book Rating : 4.F/5 ( download)
Download or read book Dissertation Abstracts International written by and published by . This book was released on 2008 with total page 612 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Author : Isabell M. Welpe
Publisher : Springer
ISBN 13 : 3319097857
Total Pages : 493 pages
Book Rating : 4.3/5 (19 download)
Download or read book Incentives and Performance written by Isabell M. Welpe and published by Springer. This book was released on 2014-11-07 with total page 493 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book contributes to the current discussion in society, politics and higher education on innovation capacity and the financial and non-financial incentives for researchers. The expert contributions in the book deal with implementation of incentive systems at higher education institutions in order to foster innovation. On the other hand, the book also discusses the extent to which governance structures from economy can be transferred to universities and how scientific performance can be measured and evaluated. This book is essential for decision-makers in knowledge-intensive organizations and higher-educational institutions dealing with the topic of performance management.
Author : Franco Malerba
Publisher : Cambridge University Press
ISBN 13 : 0521685613
Total Pages : 465 pages
Book Rating : 4.5/5 (216 download)
Download or read book Perspectives on Innovation written by Franco Malerba and published by Cambridge University Press. This book was released on 2007-03-29 with total page 465 pages. Available in PDF, EPUB and Kindle. Book excerpt: Case studies, empirical models, appreciative analyses and formal theories abound.
Author : Steffen Hetzel
Publisher : GRIN Verlag
ISBN 13 : 3640976908
Total Pages : 85 pages
Book Rating : 4.6/5 (49 download)
Download or read book The Impact of Financial Incentives on Individual Performance: An Experimental Approach written by Steffen Hetzel and published by GRIN Verlag. This book was released on 2011-08-04 with total page 85 pages. Available in PDF, EPUB and Kindle. Book excerpt: Diploma Thesis from the year 2010 in the subject Economics - Job market economics, grade: 1,3, University of Mannheim, language: English, abstract: The thesis on hand is dealing with the impact of financial incentives on individual performance. For this, the perception of an experimental approach has been chosen. The target of the thesis is the development of the blueprint of an experiment to provide further research input on the effectiveness of financial incentives. To do so, the theoretical background for studying this problem is introduced by investigating the psychological and economical approaches to analyze the topic. Additionally, empirical and experimental studies dealing with this issue are presented. Based on those findings, the structure of an experiment to be carried out at university with students is developed and objectives, design and supplementary requirements for conducting this are discussed. Subsequent, suggestions for the analysis, reporting and possibly occurring challenges throughout the process of implementation are illustrated. The design of the experiment is giving a verification of before detected findings of a non-linear correlation between incentives and performance. In contrary to standard economic models, the relation is not predicted to be monotonic, but S-shaped. For this perspective, not only performance on varying incentive levels is analyzed, but also performance if payments are absent. Furthermore, the influence of publishing the course of incentive levels in the beginning of the experiment, in comparison to a task-to-task announcement is investigated. An evaluation of this relation is undertaken by studying the impact of financial incentives on performance of three observation groups through two different exercises with varying incentive levels during a real-effort experiment.
Author : Zoltán J. Ács
Publisher : Edward Elgar Publishing
ISBN 13 : 178471805X
Total Pages : 669 pages
Book Rating : 4.7/5 (847 download)
Download or read book Global Entrepreneurship, Institutions and Incentives written by Zoltán J. Ács and published by Edward Elgar Publishing. This book was released on 2015-12-18 with total page 669 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents some of Zoltán J. Ács’ most important contributions since the turn of the new millennium, with a particular intellectual focus on knowledge spillover entrepreneurship. It studies the evolution of global entrepreneurship and pays attention to the role of institutions and the incentives they create for economic agents who become either productive or unproductive entrepreneurs. For productive entrepreneurs, those that create wealth for themselves and for society, the author offers a knowledge spillover theory of entrepreneurship as a new way to help understand the entrepreneurial ecosystem. For those that create wealth only for themselves the author develops a theory of destructive entrepreneurship that undermines the entrepreneurial ecosystem. The book also presents an explanation of the role of philanthropy in reconstituting wealth to complete the circuits of capital in the theory of capitalist development. Finally, the author examines several public policy issues including immigration and technology transfer. This volume will be required reading for students and scholars of entrepreneurship, economics and public policy.
Author : Michael D. Mumford
Publisher : Academic Press
ISBN 13 : 0123747147
Total Pages : 754 pages
Book Rating : 4.1/5 (237 download)
Download or read book Handbook of Organizational Creativity written by Michael D. Mumford and published by Academic Press. This book was released on 2011-08-17 with total page 754 pages. Available in PDF, EPUB and Kindle. Book excerpt: Michael D. Mumford
Author :
Publisher : Cybellium
ISBN 13 : 1836793251
Total Pages : 228 pages
Book Rating : 4.8/5 (367 download)
Download or read book Mastering the Innovation Process written by and published by Cybellium . This book was released on with total page 228 pages. Available in PDF, EPUB and Kindle. Book excerpt: Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com
Author : Jonas Heite
Publisher : Springer Nature
ISBN 13 : 3658292318
Total Pages : 219 pages
Book Rating : 4.6/5 (582 download)
Download or read book Incentives for Collaboration and Competition written by Jonas Heite and published by Springer Nature. This book was released on 2020-02-25 with total page 219 pages. Available in PDF, EPUB and Kindle. Book excerpt: Individuals and firms can improve their performance through collaboration and competition. However, it is still an open question how collaboration and competition schemes can be optimally designed and incentivized in order to exploit their full potential. Jonas Heite investigates this question by assessing efforts to stimulate R&D collaboration and by examining properties as well as underlying mechanisms (e.g., effort, risk, confidence and stress) of ability configurations in contests. Based on three large-scale economic studies covering laboratory, field and natural experiments, the author applies novel and sophisticated econometric methods to provide causal empirical evidence that yields important implications for policymakers, managers and researchers.
Author : OECD
Publisher : OECD Publishing
ISBN 13 : 9264195556
Total Pages : 126 pages
Book Rating : 4.2/5 (641 download)
Download or read book Science, Technology and Industry Outlook 2001 Drivers of Growth: Information Technology, Innovation and Entrepreneurship written by OECD and published by OECD Publishing. This book was released on 2001-09-17 with total page 126 pages. Available in PDF, EPUB and Kindle. Book excerpt: The impact of information technology, innovation and entrepreneurship on economic performance is the subject of heated debate. This special edition of the Science, Technology and Industry Outlook takes a closer look at the ways in which these factors are evolving and how they relate to each other.
Author : Mikael Johnsson
Publisher : Walter de Gruyter GmbH & Co KG
ISBN 13 : 3110731932
Total Pages : 191 pages
Book Rating : 4.1/5 (17 download)
Download or read book How to create high-performing innovation teams written by Mikael Johnsson and published by Walter de Gruyter GmbH & Co KG. This book was released on 2022-07-18 with total page 191 pages. Available in PDF, EPUB and Kindle. Book excerpt: Effective team work is essential if innovation projects are to succeed. How to create high-performing innovation teams provides practical guidance and advice on how to create high-performing teams regardless of type or size of company, organization, or public institution. It offers the reader pivotal tools and insights to use in practice. Both the theory and practice for creating high-performing innovation teams are discussed and new tools and insights are provided for managers, consultants, and academics. It answers the call for rapid innovation to respond to the increasingly changing market and to shorter product life cycles. How to create high-performing innovation teams addresses specifically the factors that enable innovation work from the perspective of the organization, the innovation team, and its members. In addition to co-located innovation teams, the book also discusses the differences among global organizations and what to consider in the creation of global high-performing innovation teams.
Author : Editors: Nina Muncherji
Publisher : Excel Books India
ISBN 13 : 9788174467010
Total Pages : 748 pages
Book Rating : 4.4/5 (67 download)
Download or read book Partners In Success: Strategic Hr And Entrepreneurship written by Editors: Nina Muncherji and published by Excel Books India. This book was released on 2009 with total page 748 pages. Available in PDF, EPUB and Kindle. Book excerpt: Papers presented at the Nirma International Conference on Management, held at Ahmedabad in January 2009.
Author : Mark Dodgson
Publisher :
ISBN 13 : 019969494X
Total Pages : 722 pages
Book Rating : 4.1/5 (996 download)
Download or read book The Oxford Handbook of Innovation Management written by Mark Dodgson and published by . This book was released on 2014 with total page 722 pages. Available in PDF, EPUB and Kindle. Book excerpt: While innovation is widely recognised as being critical to organisational success and the well-being of societies, it requires careful management to ensure that innovation processes have the best possible impact. This volume provides a wide range of perspectives on the nature of innovation management and its influences.
