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- Title
Managing functional diversity, risk taking and incentives for teams to achieve radical innovations.
- Authors
Cabrales, Álvaro López; Medina, Carmen Cabello; Lavado, Antonio Carmona; Cabrera, Ramón Valle
- Abstract
In this study we analyse the effect of team diversity, encouragement to take risks and team incentives on the degree of radicalness of innovation. Empirical research has been conducted with a sample of 95 companies from four innovative industries according to their high number of patents. The results indicate that team diversity and the combined use of long- and short-term incentives are associated with incremental innovation, whereas the development of risk-taking attitudes within the team is associated with radical innovation.
- Subjects
TECHNOLOGICAL innovations; EMPIRICAL research; PATENTS; LABOR incentives; DIRECT costing; RISK-taking behavior; INTELLECTUAL property
- Publication
R&D Management, 2008, Vol 38, Issue 1, p35
- ISSN
0033-6807
- Publication type
Article
- DOI
10.1111/j.1467-9310.2007.00501.x