Post by account_disabled on May 2, 2024 4:29:29 GMT 1
Managers often do not know ahead of time the ideal mix of individuals and skills needed to solve innovation related problems. One way around this uncertainty is to have multiple paths approaches or designs explored at once. The parallel search principle can be used inside the firm just as it may be used more generally by pursuing open innovation.
However having too many searchers attempting to solve the same problem can undercut the benefits if it leads to less effort and investment. The authors study the outcomes of software Brazil Phone Number List development contests conducted by a software outsourcing vendor involving over coders to understand the relationship between parallel search and increasing competition and innovation. Key concepts include The key factor favoring parallel search i.e. increasing the number of independent solvers is the complexity of the problem at hand. were curtailed when the problems were simple indicating that the negative consequences of competition matter most for simpler problems.
Author Abstract This paper presents econometric evidence of two independent effects of adding more competitors on innovation a competition effect whereby increasing rivalry shapes and often decreases incentives to expend effort and invest in innovation and a parallel search effect whereby adding greater numbers of searchers benefits innovation by broadening the search for solutions. We further show the importance of these effects depends on the nature of the innovation problem being solved.
However having too many searchers attempting to solve the same problem can undercut the benefits if it leads to less effort and investment. The authors study the outcomes of software Brazil Phone Number List development contests conducted by a software outsourcing vendor involving over coders to understand the relationship between parallel search and increasing competition and innovation. Key concepts include The key factor favoring parallel search i.e. increasing the number of independent solvers is the complexity of the problem at hand. were curtailed when the problems were simple indicating that the negative consequences of competition matter most for simpler problems.
Author Abstract This paper presents econometric evidence of two independent effects of adding more competitors on innovation a competition effect whereby increasing rivalry shapes and often decreases incentives to expend effort and invest in innovation and a parallel search effect whereby adding greater numbers of searchers benefits innovation by broadening the search for solutions. We further show the importance of these effects depends on the nature of the innovation problem being solved.
