16 Pages Posted: 23 Dec 2007
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: 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
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