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Managing functional diversity, risk taking and incentives for teams to achieve radical innovations
Author(s) -
Cabrales Álvaro López,
Medina Carmen Cabello,
Lavado Antonio Carmona,
Cabrera Ramón Valle
Publication year - 2008
Publication title -
randd management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 1.253
H-Index - 102
eISSN - 1467-9310
pISSN - 0033-6807
DOI - 10.1111/j.1467-9310.2007.00501.x
Subject(s) - incentive , diversity (politics) , business , sample (material) , functional diversity , marketing , empirical research , team composition , knowledge management , industrial organization , economics , microeconomics , computer science , sociology , ecology , philosophy , chemistry , epistemology , chromatography , anthropology , biology
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.