Managing functional diversity, risk taking and incentives for teams to achieve radical innovations

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 result...

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Bibliographic Details
Published in:R & D management 2008-01, Vol.38 (1), p.35-50
Main Authors: Cabrales, Álvaro López, Medina, Carmen Cabello, Lavado, Antonio Carmona, Cabrera, Ramón Valle
Format: Article
Language:English
Subjects:
Diversity training
Impact analysis
Incentives
Innovations
Risk
Studies
Teams
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Summary: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.
ISSN:0033-6807
1467-9310
DOI:10.1111/j.1467-9310.2007.00501.x