Parallel teams for knowledge creation: Role of collaboration and incentives |
Abstract:
Parallel team strategy, inwhich multiple teams simultaneously pursue project goals, has beenwidely adopted by high-tech industries for knowledge creation. In this study, we investigate the design of organizational incentives, including a fixed wage payment and an additional reward structure, for effective management of the parallel team strategy.We consider two main variants of parallel teams—collaborative and non-collaborative teams. Proposing and investigating three types of organizational reward policies, individual, aggregate, and contingent, we analyze the viability and characteristics of these policies.We showthat individual reward policy performs better than aggregate policy, and that collaboration in parallel teams is vital. When parallel teams work noncollaboratively orwhen aggregate reward policy is used for collaborative teams, the firmachieves optimal profits by only offering a share of the knowledge creation benefit as the reward.Under someconditions for collaborative teams, we demonstrate that individual and contingent reward policies can achieve maximal benefits (first-best) for the organization. This research provides valuable insights for firms in employing parallel team strategy for knowledge creation |
| Keywords: |
Parallel teams Incentives Collaboration Knowledge creation |
| Author(s): |
. |
| Source: |
Decision Support Systems 54 (2012) 109–121 |
| Subject: |
مدیریت دانش |
| Category: |
مقاله مجله |
| Release Date: |
2012 |
| No of Pages: |
13 |
| Price(Tomans): |
0 |
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