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From 'I Will Take on Risk' to 'We Took on Too Much Risk': A Longitudinal Exploration of Individual and Team Motivations in Strategy Risk Levels

机译:从“我会承担风险”到“我们承担过多的风险”:对战略风险水平的个人和团队动机的纵向探索

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Breakthrough innovations, while risky, significantly improve a firm's market value (Sorescu and Spanjol 2008), yet increasing and unwarranted managerial aversion to risk is a growing impediment to innovation (Roller, Lovallo, and Williams 2012). Thus, risk perceptions, which are managers' assessments of risk in terms of uncertainty estimates and their confidence in those estimates (Sitkin and Weingart 1995), are a critical determinant of product and organizational performance. The important research question we explore is: How do individual and team-level characteristics and performance feedback influence the risk level of intended vs. retrospective product management strategies? We address this gap by examining how managers' motivational proclivities and stock returns impact managers' perceptions of risk strategies.
机译:突破性的创新,虽然有风险,显着提高了公司的市场价值(SoreScu和Spanjol 2008),但增加和违反的管理厌恶风险是对创新的不断增长的障碍(滚轮,洛瓦洛和威廉姆斯2012)。因此,风险看法是管理者在不确定估计和他们对这些估算中的信心(SINKIN和Weingart 1995)的信心,是产品和组织绩效的关键决定因素。我们探索的重要研究问题是:个人和团队级别的特点和性能反馈如何影响预期与追溯产品管理策略的风险水平?我们通过审查管理人员的激励倾向和股票回报管理员对风险战略的看法来解决这一差距。

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