Do Employee Incentives Foster Innovation in Organization?

Ahamed Golam Azam

Do Employee Incentives Foster Innovation in Organization?

Ahamed Golam Azam *

Contact

Do Employee Incentives Foster Innovation in Organization?

Article Fingerprint

ReserarchID

MBRMW377

Do Employee Incentives Foster Innovation in Organization? Banner

Key Research Insights

Synthesized scholarly intelligence & interactive research assistant

This converted HTML version may contain rendering inconsistencies. Please refer to the PDF for the authoritative version, or click here to provide feedback.

Abstract

Employee innovation is one of the most critical factors which affects the overall growth of an organization. To get innovative ideas out of an organization’s employees, incentives play a vital role. In this paper, different incentive structures from previous researches has been examined that are followed by top management for generating innovative ideas. Although most researches from the past found that a fixed wage or compensation based on performance induces a high level of innovation, but it is actually detrimental for innovation. Rather rewarding employees for long term or performance-based promotion is more effective in fostering innovation. From my evidence and based on the articles analyzed in this paper it was found that performance-based promotion is more fruitful for innovation.

References

13 Cites in Article

Reference Format

1. Chukwuemeka Echebiri (2023). Employee Empowerment as a Foundational Approach to Foster Employee-Driven Innovation. Making Employee-Driven Innovation Achievable, 72-86.
2. Florian Ederer,Gustavo Manso (2013). Is Pay for Performance Detrimental to Innovation?. Management Science, 59(7), 1496-1513.
3. Gustavo Manso (2011). Motivating Innovation. The Journal of Finance, 66(5)
4. F Andersson,M Freedman,J Haltiwanger,J Lane,K Shaw (2009). Reaching for the stars: who pays for talent in innovative industries. Economic Journal, 119(538), 308-F332.
5. Henrique Barros,Sergio Lazzarini (2012). Do organizational incentives spur innovation?. BAR - Brazilian Administration Review, 9(3), 308-328.
6. Jeffrey Philips (2012). the right way to reward your employees for innovation. the right way to reward your employees for innovation
7. Mehmet Akif,Demircioglu (2016). Organizational Innovation. Organizational Innovation
8. Gustavo Manso (2017). Creating Incentives for Innovation. California Management Review, 60(1), 18-32.
9. Henrique Barros,Sergio Lazzarini (2012). Do organizational incentives spur innovation?. BAR - Brazilian Administration Review, 9(3), 308-328.
10. Olivier Toubia (2006). Idea Generation, Creativity, and Incentives. Marketing Science, 25(5), 411-425.
11. Daniel Shapiro,Yao Tang,Miaojun Wang,Weiying Zhang (2016). Monetary incentives and innovation in Chinese SMEs. Asian Business & Management, 16(3), 130-157.
12. Bill Francis,Iftekhar Hasan,Zenu Sharma (2011). Incentives and Innovation: Evidence from CEO Compensation Contracts. SSRN Electronic Journal
13. James P Asmantier (2011). Incentives for Innovation. Incentives for Innovation

Download References

Funding

No external funding was declared for this work.

Conflict of Interest

The authors declare no conflict of interest.

Ethical Approval

No ethics committee approval was required for this article type.

Data Availability

Not applicable for this article.

How to Cite This Article

Ahamed Golam Azam. 2020. "Do Employee Incentives Foster Innovation in Organization?". Global Journal of Management and Business Research - A: Administration & Management GJMBR-A Volume 20 (GJMBR Volume 20 Issue A15).

More Citation Formats

Select Citation Style:

Download Citation

GJMBR Volume 20 Issue A15

Explore Journals Explore Volume Read This Issue

Journal Specifications

Crossref Journal DOI 10.17406/GJMBR

Print ISSN 0975-5853

e-ISSN 2249-4588

Keywords

Not Found

Classification

GJMBR-A Classification JEL Code: M51

Submission ReceivedDecember 16, 2019
Peer Review Double Blind
Handling Editor
Accepted January 1, 2020
Published January 15, 2020

Version of record

v1.2

Issue date

October 9, 2020

Language

English

Order Article Reprint

Experiance in AR

Explore published articles in an immersive Augmented Reality environment. Our platform converts research papers into interactive 3D books, allowing readers to view and interact with content using AR and VR compatible devices.

View in VR

Read in 3D

Your published article is automatically converted into a realistic 3D book. Flip through pages and read research papers in a more engaging and interactive format.

View in 3D

Article Matrices

Total Views: 583

Total Downloads: 48

All Trends