A blog about creating and running successful innovation processes

Success and failure of innovation

Why does not everybody innovate? It is widely recognized that innovation is key to the economic performance of firms. If nonetheless many firms do not dare to innovate, this has to do with several types of risks and uncertainties that lead to high failure rates. A review examined…

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Reward structures in product development teams

One study examined the effect of reward structures on the performance of cross-functional product development teams. Managers can draw four implications from the findings in the study:  When it is easy to evaluate individual performances in the team, rewarding members differentially on the basis of…

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