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Individual Innovation Incentives

Bengtsson, Filip; Ekman, Josef LU and Söderström, Jakob (2011) In Master Thesis, Technology Management TMA820 20111
Department of Business Administration
Abstract
Issue of study: Today, in an information-driven economy, it is more important than ever to be innovative. Developing new ways to create and deliver value is the main method of competition in the business world. Although the picture differs widely from the industrial age, the principals used to manage these companies and employees are same as a century ago. Paying people will just make them do what you tell them to. In order to realize their full potential you need their participation and full dedication. Today your employees are your only bottleneck and the undisputed key to your success. Realizing their potential is maximizing your potential. This can only be done through motivation.

Purpose (1) Investigate and describe incentive... (More)
Issue of study: Today, in an information-driven economy, it is more important than ever to be innovative. Developing new ways to create and deliver value is the main method of competition in the business world. Although the picture differs widely from the industrial age, the principals used to manage these companies and employees are same as a century ago. Paying people will just make them do what you tell them to. In order to realize their full potential you need their participation and full dedication. Today your employees are your only bottleneck and the undisputed key to your success. Realizing their potential is maximizing your potential. This can only be done through motivation.

Purpose (1) Investigate and describe incentive systems within companies defined as pioneers regarding the innovation process. (2) Describe the systems according to new theory. (3) Generalize the incentive systems into trends and analyze these trends according to the diffusion theory.

Method: The research has been conducted through case studies on six companies active within innovation networks. Data has been gathered during two steps; a shorter telephone interview and a longer face-to-face interview. The compilation of the research data has been analyzed with motivation and diffusion theory.

Conclusions: We have in our thesis isolated five trends regarding motivation for innovation among our respondents, who consist of Sweden’s top innovators. We have created a theoretical framework to describe, compare and evaluate these trends. We have then mapped each trend’s current maturity and predicted their future development and adoption. During this work we have unveiled the effectiveness – efficiency paradox, greatly affecting companies’ innovation work. (Less)
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author
Bengtsson, Filip; Ekman, Josef LU and Söderström, Jakob
supervisor
organization
alternative title
An Overview of Motivational Incentives within Innovation
course
TMA820 20111
year
type
H2 - Master's Degree (Two Years)
subject
keywords
Innovation, motivation, diffusion of innovation, Incentive systems, the 4DMI model, the maturity model, motivation management trends, managing innovation.
publication/series
Master Thesis, Technology Management
report number
220
ISSN
1651-­‐0100
language
English
id
1969482
date added to LUP
2011-05-31 09:32:24
date last changed
2011-05-31 09:32:24
@misc{1969482,
  abstract     = {Issue of study:	Today, in an information-driven economy, it is more important than ever to be innovative. Developing new ways to create and deliver value is the main method of competition in the business world. Although the picture differs widely from the industrial age, the principals used to manage these companies and employees are same as a century ago. Paying people will just make them do what you tell them to. In order to realize their full potential you need their participation and full dedication. Today your employees are your only bottleneck and the undisputed key to your success. Realizing their potential is maximizing your potential. This can only be done through motivation.

Purpose	(1) Investigate and describe incentive systems within companies defined as pioneers regarding the innovation process. (2) Describe the systems according to new theory. (3) Generalize the incentive systems into trends and analyze these trends according to the diffusion theory.

Method:	The research has been conducted through case studies on six companies active within innovation networks. Data has been gathered during two steps; a shorter telephone interview and a longer face-to-face interview. The compilation of the research data has been analyzed with motivation and diffusion theory. 

Conclusions:	We have in our thesis isolated five trends regarding motivation for innovation among our respondents, who consist of Sweden’s top innovators. We have created a theoretical framework to describe, compare and evaluate these trends. We have then mapped each trend’s current maturity and predicted their future development and adoption. During this work we have unveiled the effectiveness – efficiency paradox, greatly affecting companies’ innovation work.},
  author       = {Bengtsson, Filip and Ekman, Josef and Söderström, Jakob},
  issn         = {1651-­‐0100},
  keyword      = {Innovation,motivation,diffusion of innovation,Incentive systems,the 4DMI model,the maturity model,motivation management trends,managing innovation.},
  language     = {eng},
  note         = {Student Paper},
  series       = {Master Thesis, Technology Management},
  title        = {Individual Innovation Incentives},
  year         = {2011},
}