Evaluating novelty: the role of panels in the selection of R&D projects

Paola Criscuolo, Linus Dahlander, Thorsten Grohsjean, Ammon Salter

Research output: Contribution to journalArticle

39 Citations (Scopus)
826 Downloads (Pure)

Abstract

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 prior research 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 a high panel workload reduces panel preference for novelty in selection, whereas a diversity of panel expertise and a shared location between panel and applicant increase preference for novelty. We explore the implications of these findings for theories of innovation search, organizational selection, and managerial practice.
Original languageEnglish
Pages (from-to)433-460
Number of pages28
JournalAcademy of Management Journal
Volume60
Issue number2
Early online date8 Mar 2016
DOIs
Publication statusPublished - 1 Apr 2017

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