Tag Archives: Innovation

Innovation: for and against

Posted on April 28, 2018 by

I like Jeff Bezos’ line: “Good intentions don’t work, mechanisms do.” To me, it sounds like a full support of my conviction that endless talks about establishing a “culture of innovation” is a distraction, rather than an enabler, in fostering … Continue reading →

Posted in Innovation | Tagged , , , , , , , , | Leave a comment

Innovation “quid pro quo”: firms that treat workers better are more innovative

Posted on March 22, 2018 by

In my previous post, I described studies showing that giving stock option grants to both executive and non-executive employees fosters innovation, which points to the important role compensation plays in defining corporate innovation performance. However, compensation is only one factor … Continue reading →

Posted in Innovation | Tagged , , , , , | 1 Comment

Innovate today, get paid tomorrow

Posted on March 7, 2018 by

Theoretical analysis conducted by Gustavo Manso in 2011 suggests that the optimal incentives motivating employees to innovate must include a combination of tolerance for failures in the short term and reward for success in the long. Tolerance for early failures allows … Continue reading →

Posted in Innovation, Rewards and Recognition | Tagged , , , , , | 2 Comments

Crowdsourcing “in reverse”: asking crowds to ask questions

Posted on February 27, 2018 by

It’s important to understand that crowdsourcing is first and foremost a question, a question that you ask a large and, ideally, diversified crowd of people. And for as long as it’s well-thought-out, properly defined, and clearly articulated, it doesn’t really matter … Continue reading →

Posted in Crowdsourcing, Health Care | Tagged , , , , , , , | 5 Comments

Crowdsourcing 2.0

Posted on February 15, 2018 by

I like to argue, only half-jokingly, that crowdsourcing is very simple. It consists of only two components: a question and a crowd—a question that you present to a crowd and a crowd that you assemble to answer this question. And … Continue reading →

Posted in Crowdsourcing | Tagged , , , , , , | Leave a comment

Are you innovating? We won’t be paying you today!

Posted on February 12, 2018 by

A solid body of evidence, from both controlled laboratory experiments and field studies, shows that compensation based on the pay-for-performance (P-f-P) principle—when individuals receive a fixed percentage of the profits resulted from their activities–is effective in inducing higher levels of … Continue reading →

Posted in Innovation | Tagged , , , , , , | 1 Comment

One more time about “innovation terminology”

Posted on February 6, 2018 by

In a recent HBR article, Scott Kirsner suggests ditching the term “corporate entrepreneur.” Kirsner names a number of reasons why corporate innovation, especially in large firms, is different from true entrepreneurship. One is bureaucratic shackles that restrict the development of … Continue reading →

Posted in Innovation | Tagged , , , , , , , , , , , , , , | Leave a comment