Tag Archives: Innovation

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 →

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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 , , , , , | 3 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 →

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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 →

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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 →

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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 →

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Freedom to fail, freedom to innovate

Posted on January 24, 2018 by

(This post originally appeared on InnovationManagement.se) Everyone seems to agree that innovation is a risky business: it involves a lot of experimentation, which often ends up in failure. High tolerance for failure, therefore, can be considered as a major prerequisite for … Continue reading →

Posted in Innovation | Tagged , , , , , | 2 Comments