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A common decision that organizations make is to prioritize and allocate resources to managers of competing new product … projects. On successful completion of the projects, organizations often reward their project managers using a standardized … incentive plan; that is, they reward the success of all managers equivalently disregarding the differential amount of resources …
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Building on real options literature, this study shows that the use of a staged approach for the management of innovation projects affects the innovation output of firms differently depending on firm characteristics and ambitions. In particular, while staged project management increases the...
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