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Evaluating novelty : the role of panels in the selection of R&D projects
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Criscuolo, Paola, Dahlander, Linus, Grohsjean, Thorsten and Salter, Ammon (2017) Evaluating novelty : the role of panels in the selection of R&D projects. Academy of Management Journal, 60 (2). pp. 433-460. doi:10.5465/amj.2014.0861 ISSN 0001-4273.
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Official URL: http://doi.org/10.5465/amj.2014.0861
Abstract
Building on a unique, multi-source, and multi-method study of R&D projects in a leading professional services firm, we develop the argument that organizations are more likely to fund projects with intermediate levels of novelty. That is, some project novelty increases the share of requested funds received, but too much novelty is difficult to appreciate and is selected against. While prior research has considered the characteristics of the individuals generating project ideas, we shift the focus to the panel of selectors and explore how they shape the evaluation of novelty. We theorize that a high panel workload reduces panel preference for novelty in selection, whereas a diversity of panel expertise and a shared location between panel and applicant increase preference for novelty. We explore the implications of these findings for theories of innovation search, organizational selection, and managerial practice. (PsycINFO Database Record (c) 2017 APA, all rights reserved)
Item Type: | Journal Article | ||||
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Divisions: | Faculty of Social Sciences > Warwick Business School | ||||
Journal or Publication Title: | Academy of Management Journal | ||||
Publisher: | Academy of Management | ||||
ISSN: | 0001-4273 | ||||
Official Date: | April 2017 | ||||
Dates: |
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Volume: | 60 | ||||
Number: | 2 | ||||
Page Range: | pp. 433-460 | ||||
DOI: | 10.5465/amj.2014.0861 | ||||
Status: | Peer Reviewed | ||||
Publication Status: | Published | ||||
Access rights to Published version: | Restricted or Subscription Access |
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