The Role of Competition Incentives in Creative Collaboration PDF Download

Author: Patrick Brkovic
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Author: Georgina Amy Campbell
Publisher:
ISBN:
Category :
Languages : en
Pages : 156

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Book Description
Large incentive competitions are becoming increasingly popular amongst policymakers and philanthropists as a mission-orientated tool for inducing innovation, particularly in areas of national priority where market incentives and conventional tools such as patents and procurements tend not to be sufficient. Using inducement mechanisms (motivators) such as a large financial reward, demanding deliverables, and technical support, incentive competitions seek to motivate innovators to exert effort and develop creative solutions to pre-defined problems. According to the literature, these motivators can be powerful mechanisms for influencing effort and creativity but their effectiveness very much depends on the combination of motivators used and conditions under which they are executed. There is a serious lack of empirical evidence on the motivators and conditions of large incentive competitions and their effectiveness to influence behaviour and outcomes. Therefore, we cannot fully appreciate the role of large incentive competitions in the innovation policy tool kit. A small body of empirical data exists on the impact of motivators within small online prizes but these prizes are very different to large incentive competitions in terms of the intended motivators incorporated and the competition environment. Through qualitative and quantitative analysis of one large incentive competition- the Progressive Automotive XPRIZE (PIAXP), this thesis aims to explore the motivators incorporated into PIAXP and their ability to orient people towards a specified mission and induce innovative behaviour. In turn, this thesis aims to 1) better understand the role incentive prizes as an innovation tool and 2) identify the motivators and prize design that can be used in incentive competitions to promote desired outcomes. My research identifies two unique features of PIAXP, which can provide insight into large incentive competitions in general. 1) PIAXP effectively attracted and focused a diverse set of solvers on a specific problem, who otherwise would not or could not pursue the prize objective(s). For example, 35% of teams did not exist before. Of those teams that did exist, 30% were informal and 17% were non-vehicle- related, all turning to formal vehicle teams for the PIAXP; 2) PIAXP facilitated the development of participating teams and ideas, and actively induced innovative behaviour during the competition. These findings emphasize the important of motivators and prize design to attract and support the development of solvers and solutions. In terms of competition design, participants and organizations were influenced in different ways. Influential motivators included: recognition (validation, publicity, and personal pride), performance accelerators (business and personal), and intrinsic passion for the cause. Other elements of design that influenced entry levels and behaviour included: structure (length/ barriers to entry), categories (broad, specific or multiple), collaborative events, and support (for the organization and individual). Success within PIAXP was positively correlated with compensation and competition but negatively correlated with recognition. Effort was positively correlated with reputation but negatively correlated with fun.

Author: Lukas Weniger
Publisher: GRIN Verlag
ISBN: 3346180921
Category : Business & Economics
Languages : en
Pages : 71

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Master's Thesis from the year 2019 in the subject Business economics - Business Management, Corporate Governance, grade: 1,7, Berlin School of Economics and Law, language: English, abstract: Incentive systems can contribute to the best possible exploitation of the employee’s abilities. A new way of setting those incentives and motivating employees is gamification. Gamification is defined as the application of game mechanics to a non-game setting, such as the business environment. Companies have discovered game-like incentives for motivating their employees, and now, this paper tries to create a gamified incentive system for motivating employees in the early stage of the innovation process. Innovation creates value, strengthens the market position and creates competitive advantages. Therefore innovation is widely seen as a critical source for economic success for companies. However, at the same time, innovation is expensive. For example, in 2018 alone, Apple invested as much as 14,24 billion dollars on research and development. This represented around 46% of their total operating expenses and approximately 2,6% of their total revenues. These costs are making it vital for companies to ensure the efficient use of innovation resources. This efficiency is largely determined by the competence, creativity and motivation of the employees working in the area of in research and development (R&D). Thus, companies have to generate adequate motivation in employees to deliver their innovative ideas, obtain a patent and develop the patentable idea into profitable innovation. Human resource (HR) management practices are considered as an essential instrument to fulfil this task. However, standard pay-for-performance schemes, which only reward short-term financial success, are not suitable for fulfilling this task in the innovation process, because innovation processes are likely to fail as they contain a high degree of uncertainty. In standard schemes, this failure would result in penalties by a lower compensation or a possible termination of the contract. This punishment has the potential to harm the innovative behaviour of employees. A company that wants to encourage innovation must design incentive systems that free employees to take risks, experiments and discover what practices and technologies are the most effective. These unique characteristics of innovation processes are the reason why analysing incentive systems in the context of innovation processes is of particular interest. Especially since incentive systems are considered as essential for ensuring the efficiency of innovation processes, as employees adapt their behaviour to these systems.

Author: Adam M. Brandenburger
Publisher: Crown Currency
ISBN: 0385479506
Category : Business & Economics
Languages : en
Pages : 305

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Now available in paperback, with an all new Reader's guide, The New York Times and Business Week bestseller Co-opetition revolutionized the game of business. With over 40,000 copies sold and now in its 9th printing, Co-opetition is a business strategy that goes beyond the old rules of competition and cooperation to combine the advantages of both. Co-opetition is a pioneering, high profit means of leveraging business relationships. Intel, Nintendo, American Express, NutraSweet, American Airlines, and dozens of other companies have been using the strategies of co-opetition to change the game of business to their benefit. Formulating strategies based on game theory, authors Brandenburger and Nalebuff created a book that's insightful and instructive for managers eager to move their companies into a new mind set.

Author: Anthony J. Casey
Publisher:
ISBN:
Category : Copyright
Languages : en
Pages : 56

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In this Article, we explore a central problem facing creative industries: how to organize collaborative creative production? We identify informal rules as a significant and pervasive - but nonetheless overlooked - tool for solving that problem. While existing literature has focused on the role that informal rules play in creating incentives for the production of creative work, we demonstrate how such rules can be even more influential in facilitating and organizing collaboration in the creative space. We also suggest that informal rules are often a better fit for organization than formal law. Unique features of creativity, especially high uncertainty and low verifiability, create organizational challenges that formal law cannot address, as demonstrated by recent high profile cases like Garcia v. Google. But certain informal rules can meet these challenges and facilitate organization where law fails to do so. We explain how informal rules functioning through mechanisms like reputation and trust can sustain an organizational solution without a manager, a hierarchical firm, or formal law allocating control rights. Finally, we sketch out the dynamics in hybrid situations of creative organization where informal rules function alongside formal law.

Author: Robin Kleer
Publisher:
ISBN:
Category :
Languages : en
Pages : 0

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Within this paper, we examine the role of collaborative incentives in idea contests. By developing a theoretical model and using a 2x2 between subject game theoretic experiment, we analyze how a competitive/collaborative setting, as well as performance-based/flat compensation, influence consumers in their ideation activity and elaboration effort. Contrary to prior literature and current firm practices which emphasize the important role of the competitive character of idea contests, we find that a collaborative setting increases participants' effort as well as the interaction among participants. In particular, we find that participants in this setting allocate more time to improving the ideas of other participants, leading to a higher overall performance of the idea contest.

Author: Eardley, Alan
Publisher: IGI Global
ISBN: 1605667021
Category : Business & Economics
Languages : en
Pages : 422

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"This book provides a valuable resource for promoting current academic discourse on innovation in knowledge-intensive organizations and contexts"--Provided by publisher.

Author:
Publisher: Cybellium
ISBN: 1836793375
Category :
Languages : en
Pages : 231

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Welcome to the forefront of knowledge with Cybellium, your trusted partner in mastering the cutting-edge fields of IT, Artificial Intelligence, Cyber Security, Business, Economics and Science. Designed for professionals, students, and enthusiasts alike, our comprehensive books empower you to stay ahead in a rapidly evolving digital world. * Expert Insights: Our books provide deep, actionable insights that bridge the gap between theory and practical application. * Up-to-Date Content: Stay current with the latest advancements, trends, and best practices in IT, Al, Cybersecurity, Business, Economics and Science. Each guide is regularly updated to reflect the newest developments and challenges. * Comprehensive Coverage: Whether you're a beginner or an advanced learner, Cybellium books cover a wide range of topics, from foundational principles to specialized knowledge, tailored to your level of expertise. Become part of a global network of learners and professionals who trust Cybellium to guide their educational journey. www.cybellium.com

Author: Ann Majchrzak
Publisher: Springer Science & Business Media
ISBN: 3319032305
Category : Business & Economics
Languages : en
Pages : 31

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The use of social media tools in the enterprise is expanding rapidly and yet, firms are still unclear about the overall value of this activity and how best to facilitate useful outcomes. The focus of this book is, from a managerial standpoint, the control of information, the extent to which such tools can enhance employee satisfaction and how best to use social media tools to attain specific outcomes including innovative collaboration. As companies turn to IT solutions as substitutes for face-to-face engagements, an understanding of the social dynamics – how employees can best communicate, find and use information and generate motivation through computer-mediated activities is fundamental. Lingering questions relate to the strategic use of these tools; many large companies are using Facebook-like applications due to employee demand, but are not studying outcomes comprehensively or managing processes to create desired outcomes. This book fills this knowledge gap through examining the process and results of a controlled study in two companies, one in the US and the other in China. In each company “wiki challenges” were introduced to employees who were provided guidelines to produce goal-oriented outcomes. The book examine the results in each case and suggest guidelines for firms to achieve “wiki-readiness” to support innovation and co-creation.

Author: Keyvan Vakili
Publisher:
ISBN:
Category :
Languages : en
Pages : 31

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Prior research on collaboration and creativity has mostly assumed that individuals choose to collaborate because collaboration positively contributes to output quality. In this paper, we argue that collaboration credit premium--the situation when the sum of fractional credits allocated to each collaborator exceeds 100%--can motivate individuals to collaborate on a project even when the project is of low quality or when the collaboration diminishes its prospects. To estimate the causal effect of collaborations formed due to collaboration credit premium, we test our argument on a sample of economists in academia and instrument for selection into collaboration by exploiting the field's norm of alphabetical ordering of authors on academic articles. This norm means that economists whose family name begins with a letter from the beginning of the alphabet receive systematically more credit for collaborative work than economists whose family name begins with a letter from the end of the alphabet. We show that, in the presence such credit premium, individuals sometimes collaborate even if this choice decreases output quality. Thus, when accounting for the collaboration decision-making process, collaboration could sometimes reduce output quality and create a misalignment between the incentives of creative workers and the prospects of the project.