Impacts of personality traits on consumer innovation success
Via a study of innovating and non-innovating German consumers, we explore links between the “Big Five” personality traits and successful accomplishment of three basic innovation process stages by consumer-innovators: (1) generating an idea for a new product or product improvement, (2) developing a p...
| Main Authors: | , , |
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| Other Authors: | |
| Format: | Article |
| Language: | en_US |
| Published: |
Elsevier BV
2020
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| Online Access: | https://hdl.handle.net/1721.1/123986 |
| _version_ | 1826191313192615936 |
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| author | Stock, Ruth Maria von Hippel, Eric A Gillert, Nils Lennart |
| author2 | Sloan School of Management |
| author_facet | Sloan School of Management Stock, Ruth Maria von Hippel, Eric A Gillert, Nils Lennart |
| author_sort | Stock, Ruth Maria |
| collection | MIT |
| description | Via a study of innovating and non-innovating German consumers, we explore links between the “Big Five” personality traits and successful accomplishment of three basic innovation process stages by consumer-innovators: (1) generating an idea for a new product or product improvement, (2) developing a prototype that implements that idea, and (3) diffusing the innovation to others. We find that personality traits are significantly associated with success differ at each stage. First, those who score higher on openness to experience are significantly more likely to have new product ideas. Second, being introverted and conscientious is significantly associated with successful prototyping. Third, those who possess high levels of conscientiousness are more likely to successfully commercially diffuse their innovations, whereas, in contrast, conscientiousness lowers the likelihood of successful peer-to-peer diffusion.
Since the personality traits associated with successful completion of each stage differ, and the same individual with the same traits must traverse each stage in sequence, we find that personality traits strongly affect the likelihood of overall success. That is, an individual innovator with a personality profile highly favorable to successful completion of all stages is several times more likely to successfully complete all three stages than is an individual with a highly unfavorable profile. We suggest solutions to this practical problem, and also offer suggestions for further research.
Keywords: Consumer innovation; Personality; Diffusion; Product solution; User innovation |
| first_indexed | 2024-09-23T08:53:58Z |
| format | Article |
| id | mit-1721.1/123986 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T08:53:58Z |
| publishDate | 2020 |
| publisher | Elsevier BV |
| record_format | dspace |
| spelling | mit-1721.1/1239862022-09-30T12:02:58Z Impacts of personality traits on consumer innovation success Stock, Ruth Maria von Hippel, Eric A Gillert, Nils Lennart Sloan School of Management von Hippel, Eric A. von Hippel, Eric A (mitid:900009936 orcidid:0000-0002-7235-1032) Via a study of innovating and non-innovating German consumers, we explore links between the “Big Five” personality traits and successful accomplishment of three basic innovation process stages by consumer-innovators: (1) generating an idea for a new product or product improvement, (2) developing a prototype that implements that idea, and (3) diffusing the innovation to others. We find that personality traits are significantly associated with success differ at each stage. First, those who score higher on openness to experience are significantly more likely to have new product ideas. Second, being introverted and conscientious is significantly associated with successful prototyping. Third, those who possess high levels of conscientiousness are more likely to successfully commercially diffuse their innovations, whereas, in contrast, conscientiousness lowers the likelihood of successful peer-to-peer diffusion. Since the personality traits associated with successful completion of each stage differ, and the same individual with the same traits must traverse each stage in sequence, we find that personality traits strongly affect the likelihood of overall success. That is, an individual innovator with a personality profile highly favorable to successful completion of all stages is several times more likely to successfully complete all three stages than is an individual with a highly unfavorable profile. We suggest solutions to this practical problem, and also offer suggestions for further research. Keywords: Consumer innovation; Personality; Diffusion; Product solution; User innovation 2020-03-03T19:44:34Z 2020-03-03T19:44:34Z 2016-01 2015-09 Article http://purl.org/eprint/type/JournalArticle 0048-7333 https://hdl.handle.net/1721.1/123986 Stock, Ruth Maria et al. "Impacts of personality traits on consumer innovation success." Research Policy 45, 4 (May 2016): 757-769 © 2015 Elsevier B.V. en_US http://dx.doi.org/10.1016/j.respol.2015.12.002 Research Policy Creative Commons Attribution-NonCommercial-NoDerivs License http://creativecommons.org/licenses/by-nc-nd/4.0/ application/pdf Elsevier BV Prof. von Hippel |
| spellingShingle | Stock, Ruth Maria von Hippel, Eric A Gillert, Nils Lennart Impacts of personality traits on consumer innovation success |
| title | Impacts of personality traits on consumer innovation success |
| title_full | Impacts of personality traits on consumer innovation success |
| title_fullStr | Impacts of personality traits on consumer innovation success |
| title_full_unstemmed | Impacts of personality traits on consumer innovation success |
| title_short | Impacts of personality traits on consumer innovation success |
| title_sort | impacts of personality traits on consumer innovation success |
| url | https://hdl.handle.net/1721.1/123986 |
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