Resource allocation, incentives and organizational structure for collaborative, cross-functional new product development

Show simple item record Hutchison-Krupat, Jeremy en_US 2012-02-17T19:21:54Z 2012-02-17T19:21:54Z 2011-11-02 en_US
dc.description.abstract This thesis addresses important operational aspects relating to fundamental components of any successfully executed NPD strategy: the processes, incentives and structure of decision rights that should be implemented given the objectives and capabilities of the firm. The first chapter outlines when a firm might prefer to compensate members of a NPD project team either, as individuals (e.g. based on their functional contribution to overall value) or as a team (e.g. based on the overall profit generated). We find that neither team nor individual based compensation is preferred for all types of projects. Specifically, when there is higher uncertainty, the firm can benefit by employing team-based compensation. We discuss the implications of our findings towards the firm's ability to pursue different types of projects. In Chapter 3, we look at the strategic resource allocation processes that are employed by firms in order to decide whether NPD initiatives get funded or not. We find that there is not a "one size fits all" resource allocation process that all firms should employ. Furthermore,we extend this finding by further by providing a rationale explaining why even a single firm could benefit by employing multiple processes internal to the firm. Finally, in Chapter 4, we empirically explore how key managerial levers of the firm (i.e. incentives, tolerance for failure, and project management structure) affect an individual's propensity to invest in a project. Our analysis brings forth several under-explored and novel aspects. We examine how multiple managerial levers work in concert with one another (revealing interactions that, to our knowledge, have not been exposed). We also recognize an important aspect of most (if not all) NPD contexts: the probability of success is strongly tied to the level of resources that are invested. en_US
dc.publisher Georgia Institute of Technology en_US
dc.subject Organizational processes en_US
dc.subject Innovation strategy en_US
dc.subject New Product Development en_US
dc.subject Organizational structure en_US
dc.subject Resource allocation process en_US
dc.subject.lcsh New products
dc.subject.lcsh Creative ability in business
dc.subject.lcsh Organizational effectiveness
dc.subject.lcsh Resource allocation
dc.title Resource allocation, incentives and organizational structure for collaborative, cross-functional new product development en_US
dc.type Dissertation en_US PhD en_US
dc.contributor.department Management en_US
dc.description.advisor Committee Chair: Stylianos Kavadias; Committee Member: Beril Toktay; Committee Member: Cheryl Gaimon; Committee Member: Raul Chao; Committee Member: Vinod Singhal en_US

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