Evaluating Novelty: The role of panels in the selection of R&D projects
|Starts:||13:00 7 Mar 2016|
|Ends:||14:00 7 Mar 2016|
|What is it:||Seminar|
|Organiser:||Manchester Institute of Innovation Research|
|Venue opening hours:||1-2pm (coffee from 12.30pm)|
Building on a unique, multi-source and multi-method study of R&D projects in a leading professional service firm, we develop the argument
that organizations are more likely to fund projects with intermediate levels of novelty. That is, some project novelty increases the share of
requested funds received, but too much novelty is difficult to appreciate and is selected against. While earlier literature has considered the
characteristics of the individuals generating project ideas, we shift the focus to panel selectors and explore how they shape the evaluation
of novelty. We theorize that high panel workload reduces panel preference for novelty in selection, whereas a diversity of panel expertise
and shared location between the panel and the applicant increase preference for novelty.
We explore the implications of these findings for theories of innovation search and organizational selection as well as managerial practice.
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Role: Associate Professor
Organisation: The Business School, Imperial College, London
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