Managing Functional Diversity, Risk Taking and Incentives for Teams to Achieve Radical Innovations

16 Pages Posted: 23 Dec 2007  

Álvaro López Cabrales

affiliation not provided to SSRN

Carmen Cabello Medina

affiliation not provided to SSRN

Antonio Carmona Lavado

affiliation not provided to SSRN

Ramón Valle Cabrera

affiliation not provided to SSRN

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.

Suggested Citation

Cabrales, Álvaro López and Medina, Carmen Cabello and Lavado, Antonio Carmona and Cabrera, Ramón Valle, Managing Functional Diversity, Risk Taking and Incentives for Teams to Achieve Radical Innovations. R&D Management, Vol. 38, Issue 1, pp. 35-50, January 2008. Available at SSRN: https://ssrn.com/abstract=1078193 or http://dx.doi.org/10.1111/j.1467-9310.2007.00501.x

Álvaro López Cabrales (Contact Author)

affiliation not provided to SSRN

No Address Available

Carmen Cabello Medina

affiliation not provided to SSRN

No Address Available

Antonio Carmona Lavado

affiliation not provided to SSRN

No Address Available

Ramón Valle Cabrera

affiliation not provided to SSRN

No Address Available

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