scholarly journals The Effects of Prize Structures on Innovative Performance

2021 ◽  
Vol 111 ◽  
pp. 577-581
Author(s):  
Joshua Graff Zivin ◽  
Elizabeth Lyons

Successful innovation is essential for the survival and growth of organizations, but how best to incentivize innovation is poorly understood. We compare how two common incentive schemes affect innovative performance in a field experiment run in partnership with a large life sciences company. We find that a winner-takes-all compensation scheme generates significantly more novel innovation relative to a compensation scheme that offers the same total compensation but shares it across the ten best innovations. Moreover, the winner-takes-all scheme does not reduce innovative output on average and, among teams of innovators, generates more output than the less risky prize structure.

2014 ◽  
Vol 8 (3) ◽  
pp. 5-7
Author(s):  
VR Patil ◽  
DU Lad ◽  
AV Chavan

Dolichos bean, Lablab purpureus Linn is one of the important vegetable crops grown in India. Among the different pests infesting the dolichos bean crop, hairy caterpillar, Euproctis icilia Stoll is the most serious pest and damages the dolichos bean from seedling to maturity stage. A statistically designed field experiment was conducted with randomised Block Design with three replications and eleven treatments during Rabi season of 2007- 08 with a view to test the relative efficacy of some insecticides for the control of hairy caterpillar. The results revealed that insecticidal treatments viz., 0.002 per cent emamectin benzoate, 0.006 per cent cypermethrin + profanophos and 0.05 per cent DDVP + 0.1 per cent carbaryl were found to be most effective for the control of hairy caterpillar, E. icilia. All the insecticidal treatments were significantly superior over control in reducing the hairy caterpillar population.DOI: http://dx.doi.org/10.3126/ijls.v8i3.10308 International Journal of Life Sciences Vol.8(3): 2014: 5-7


2009 ◽  
Vol 64 (2) ◽  
pp. 93-100 ◽  
Author(s):  
Anna Sofie L. Freudendahl ◽  
Mette M. Nielsen ◽  
Tomas Jensen ◽  
Kurt Thomas Jensen

Author(s):  
Magdalena Śmiglak-Krajewska ◽  
Małgorzata Węgrzyńska

The main purpose of the article was to measure biological benefits as a measure of corporate social responsibility, different ways of cultivating field pea sowing. The results of the field experiment were carried out by the Department of Agronomy, Poznan University of Life Sciences and Smolice Plant Breeding, Branch in Przebędowo. As a result of the research, it was found that the increase of biological benefits was highest in the traditional tillage system and the lowest in the case of no tillage.


2011 ◽  
Vol 23 (2) ◽  
pp. 111-118
Author(s):  
Cecylia Uklańska-Pusz ◽  
Katarzyna Adamczewska-Sowińska

Yield and nutritive value of selected endive cultivars grown for spring and autumn harvest A field experiment was carried out in the years 2007-2009 at the Research Development Station of the Department of Horticulture at the Wrocław University of Environmental and Life Sciences. The experiment involved two botanical varieties of endive: var. latifolium (nine cultivars) and var. crispum (five cultivars). Endive was cultivated from transplants produced in a greenhouse in two terms, for spring and autumn harvesting. The harvest took place 90-100 days after the seeds were sown. In the course of harvesting, the total and marketable yields were determined, while biological value was assessed on the basis of analyses regarding the content of dry matter, vitamin C, chlorophyll and carotenoids, as well as the amounts of such elements as Mg, P, K, Ca and nitrates.


2018 ◽  
Vol 11 (2) ◽  
pp. 184-202 ◽  
Author(s):  
Tim Swift

PurposeThe purpose of this paper is to evaluate the impact that PhD scientists serving on the board of directors of firms conducting hard science have on the R&D-based innovative performance of the firm.Design/methodology/approachThe research hypotheses are built upon extant theory, and they are tested using two-stage least squared regression that control for the endogenous nature of board composition. Results are robust to alternative specifications.FindingsThis analysis shows that firms with higher numbers of PhD scientists on the board generate superior innovative output and more efficient monitoring; PhD board members with denser professional networks are more valuable as board members.Practical implicationsThis paper provides practical advice to innovative firms on how to create a governance process that simultaneously improves monitoring and boosts the innovative performance.Originality/valueThis study is the first one to suggest that innovative firms can improve R&D monitoring and boost innovative output at the same time, and the first to investigate the role that PhD scientists can serve on the board of firms engaging in hard science.


2015 ◽  
Vol 15 (4) ◽  
pp. 1753-1792 ◽  
Author(s):  
Maria Bigoni ◽  
Margherita Fort ◽  
Mattia Nardotto ◽  
Tommaso G. Reggiani

Abstract We assess the effect of two antithetic non-monetary incentive schemes based on grading rules on students’ effort, using experimental data. We randomly assigned students to a tournament scheme that fosters competition between paired up students, a cooperative scheme that promotes information sharing and collaboration between students and a baseline treatment in which students can neither compete nor cooperate. In line with theoretical predictions, we find that competition induces higher effort with respect to cooperation, whereas cooperation does not increase effort with respect to the baseline treatment. Nonetheless, we find a strong gender effect since this result holds only for men while women do not react to this type of non-monetary incentives.


2016 ◽  
Vol 10 (3) ◽  
pp. 41
Author(s):  
Federico Torres Carballo ◽  
Haydeé Tiffer Sotomayor ◽  
Yarima Sandoval Sánchez

<p><strong>Resumen</strong></p><p>La remuneración a la fuerza de ventas es un tema fundamental en las organizaciones comerciales. ¿Qué tipo de incentivos incrementan el esfuerzo del vendedor para lograr las metas de la organización? ¿Si se combinan diferentes esquemas de incentivos se incrementa la dedicación del vendedor? Este es el primer estudio realizado en Costa Rica con técnicas experimentales para abordar tales cuestiones. Se realizan un conjunto de sesiones con más de doscientos estudiantes de carreras afines a la administración de negocios, a fin de estudiar, específicamente, los concursos de ventas cuyo esquema de remuneración consiste en un primer premio seguido de varios premios menores asignados según el logro de ventas por parte del vendedor. Se encontró que no siempre más es mejor y que algunas combinaciones en ambientes en los que los sujetos se comunican continuamente pueden hasta reducir el esfuerzo por lograr los objetivos organizacionales.</p><p> </p><p><strong>Abstract</strong></p><p>The remuneration to the sales force is a major issue in commercial organizations. What kind of incentives increase the selling effort to achieve the goals of the organization? With the combination of different incentive schemes it is possible to increase seller’s dedication? This is the first study applied in Costa Rica, using experimental techniques to address such issues. A set of sessions are conducted with more than 200 students, from careers related to business administration, to study sales contests with a compensation scheme, in which there is a first prize followed by several smaller prizes assigned to the achieved sales made by the seller. It was found that it is possible to reduce the effort to achieve organizational objectives when the subjects can communicate constantly.</p>


Author(s):  
Andreas Hofmann ◽  
Anne Simon ◽  
Tanja Grkovic ◽  
Malcolm Jones
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