Expanding Innovation Through Challenging Organization Endowments
Revolutionary innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or revolutionary innovative offerings. A reason for the lack of innovation in mature or large firms is based on manage...
| Main Author: | |
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| Format: | Article |
| Language: | English |
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Universidade do Porto, Faculdade de Engenharia (FEUP)
2021-05-01
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| Series: | Journal of Innovation Management |
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| Online Access: | https://journalsojs3.fe.up.pt/index.php/jim/article/view/629 |
| _version_ | 1827766814321410048 |
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| author | Steven Griggs |
| author_facet | Steven Griggs |
| author_sort | Steven Griggs |
| collection | DOAJ |
| description | Revolutionary innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or revolutionary innovative offerings. A reason for the lack of innovation in mature or large firms is based on management practices over the last several decades. These practices have created biases in the form of an endowment effect, which results in incremental innovation. Endowment effects impact on innovation will be explored and methods to reduce the impact of endowment effect and overcome the biases are offered. |
| first_indexed | 2024-03-11T11:49:27Z |
| format | Article |
| id | doaj.art-0be68181616d4cc2bceaa6bea0c4eba4 |
| institution | Directory Open Access Journal |
| issn | 2183-0606 |
| language | English |
| last_indexed | 2024-03-11T11:49:27Z |
| publishDate | 2021-05-01 |
| publisher | Universidade do Porto, Faculdade de Engenharia (FEUP) |
| record_format | Article |
| series | Journal of Innovation Management |
| spelling | doaj.art-0be68181616d4cc2bceaa6bea0c4eba42023-11-09T10:39:24ZengUniversidade do Porto, Faculdade de Engenharia (FEUP)Journal of Innovation Management2183-06062021-05-019112410.24840/2183-0606_009.001_0003501Expanding Innovation Through Challenging Organization EndowmentsSteven Griggs0Faculty of Management - University of Central OklahomaRevolutionary innovation in mature or large organizations has been on the decline in recent years. Incremental innovation is the norm and few large organizations create evolutionary or revolutionary innovative offerings. A reason for the lack of innovation in mature or large firms is based on management practices over the last several decades. These practices have created biases in the form of an endowment effect, which results in incremental innovation. Endowment effects impact on innovation will be explored and methods to reduce the impact of endowment effect and overcome the biases are offered.https://journalsojs3.fe.up.pt/index.php/jim/article/view/629decision makinginnovationproduct developmentstrategymanagement developmentresource management |
| spellingShingle | Steven Griggs Expanding Innovation Through Challenging Organization Endowments Journal of Innovation Management decision making innovation product development strategy management development resource management |
| title | Expanding Innovation Through Challenging Organization Endowments |
| title_full | Expanding Innovation Through Challenging Organization Endowments |
| title_fullStr | Expanding Innovation Through Challenging Organization Endowments |
| title_full_unstemmed | Expanding Innovation Through Challenging Organization Endowments |
| title_short | Expanding Innovation Through Challenging Organization Endowments |
| title_sort | expanding innovation through challenging organization endowments |
| topic | decision making innovation product development strategy management development resource management |
| url | https://journalsojs3.fe.up.pt/index.php/jim/article/view/629 |
| work_keys_str_mv | AT stevengriggs expandinginnovationthroughchallengingorganizationendowments |