Tag Archives: Innovation

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 →

Posted in Crowdsourcing, Health Care | Tagged , , , , , , , | 8 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 →

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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 →

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 →

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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

Innovation and VC investors

Posted on January 3, 2018 by

Academic research provides abundant empirical evidence suggesting that corporate and socio-economic policies tolerating failure, both at individual and firm levels, foster innovation. For example, labor laws limiting firms’ ability to discharge employees at will were shown to stimulate corporate innovation. … Continue reading →

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