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MOTIVATING INNOVATION IS HEADED FOR A TOP JOURNAL by RobbiePaul

VIEWS: 8 PAGES: 7

									MOTIVATING INNOVATION IS
HEADED FOR A TOP JOURNAL
  A rigorous analysis of compensation
  incentives for exploration and
  exploitation.
  Important focused topic
  Thorough research review
  Sophisticated development and proof of
  the multiple equation model
  Interesting and useful findings
Selecting, Motivating, and Retaining
Innovators
   Broader research question
   Management vs. financial economics
   perspective
   Field study induction
   Fuzzy boundaries between exploration and
   exploitation
   More than 6 unknowns and 27 constraints
   Hands-on informed selection, motivation,
   monitoring & culling yields better product,
   process, and business model innovation
Selecting By Cognitions

   Dreams, intentions, and goals are the most
   important cognitions
   Automatic Compressed Experience
     Aha: asleep
     Shower, drive, and party
   Obsession for that which is new and novel
   Pattern recognition skill
   Irritability, impatience, and dissatisfaction
Selecting By Behavior

   Experimentation
   Imitation with variation
   Risk assumption – outliers
   Play with toys
   Walking the marketplace
   Market spawners
   Regulatory changes
   Changed industry standards
   Five more
Retaining

   Arrange termination if exploration activity
   is below a threshold
   = Shirking
   The value of innovation middle
   management
   Super vision
Innovation Teams

  Complementary skills
  Leadership should evolve
  Tone at the top
  Separation
  Processes
    Intentionality
    Brainstorming
    Dialectic Inquiry
    Devil’s Advocacy
Entrepreneurship

  An ideal setting for innovation
  Long term vision / goals
  Long term payoffs
  Failure is faced emotionally
  VCs expect failure
  Failed entrepreneurs are valued by VCs
  to lead repeated startups

								
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