Innovation through collaborative teams can succeed or fail in large part based on resources dedicated to the venture. While many factors may ultimately impact success or failure, all else being equal, if more resources are allocated to a project, the risk that it fails is less. Whether or not managers are willing to dedicate those […]
Read More… from Balancing Incentives, Risk and Tolerance of Failure for Collaborative Innovation
Generalist CEOs are CEOs who have worked in different organizational areas, for a number of different firms, in different industries, or even in a conglomerate firm. Former IBM CEO and Chairman Louis Gerstner is a typical example. Before joining IBM, he had been a consultant at McKinsey & Company, had held senior positions at American […]
Read More… from Generalist CEOs Not Specialists Spur Innovation
The declining level of trust in businesses and corporations, from both customers and employees, is well documented. As companies seek to maintain or rebuild the trust of their stakeholders, they must focus on issues of character, in terms of integrity as well as benevolence toward others, and competence, measured by such criteria as ability and […]
Read More… from Building Trust: The Role of Stakeholders’ Personal Values
According to Mirko Kremer of Pennsylvania State University, Benny Mantin of the University of Waterloo and Anton Ovchinnikov of the University of Virginia’s Darden School of Business, there are two types of consumers. The first type is what they call “myopic consumers.” These consumers buy a product as soon as that product is priced at […]
Read More… from Myopic Pricing Strategies Lose Seasonal Sales
It is standard practice for corporations to have a conference call with stock market analysts after quarterly earnings are released. In this call, executives make a presentation concerning the earnings report then take questions from the analysts. It is these conference calls that researchers from University of Virginia’s Darden School of Business and NYU’s Stern […]
Read More… from How Time of Day Impacts on Business Conversations
In many organizations, collaborative innovation teams are utilized to manage new product development initiatives. This involves different types of managers (marketing, operations, engineering, etc.) working together to allocate resources to a project. This remains an effective way to spark innovation, but the process can be greatly enhanced by understanding the role that rewards and penalties […]
Read More… from Driving Risk Appetite Higher or Lower: Penalties Vs Rewards
