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Monthly Archives: December 2017
Innovation and bankruptcy
Recently, I described academic studies suggesting that corporate innovation is fostered by labor laws that limit firms’ ability to discharge employees at will. These studies provide support to the idea that the best way to encourage risk-taking and experimentation is … Continue reading
Posted in Innovation
Tagged Bankruptcy codes, Culture of Innovation, Innovation, Innovation Management
6 Comments
Innovation and IPO
Of all business processes, innovation is arguably the riskiest and most unpredictable; the rate of failure of innovation projects is shockingly high compared to other corporate programs and initiatives. Identifying factors that would make innovation more sustainable is therefore critical. … Continue reading
Posted in Innovation, Startups
Tagged Entrepreneurship, Innovation, Innovation Management, IPO, Startups
2 Comments
The dose is everything: how much labor protection is good for innovation
A theoretical concept proposed by Gustavo Manso in 2011 (I wrote about it here) postulates that the optimal combination of incentives that motivate employees to innovate must include tolerance for failure in the short term and reward for success in the long … Continue reading
Posted in Innovation
Tagged Culture of Innovation, Innovation, Innovation Management, Labor Laws, Unions
1 Comment
The “labor law” of innovation
One might assume that pro-worker labor laws, due to their association with lower levels of investment, productivity and output, would have a negative effect on innovation. In fact, academic studies indicate that more stringent employment laws help firms and their … Continue reading
Posted in Innovation
Tagged Culture of Innovation, Innovation, Innovation Management, Labor Laws
6 Comments