We consider a model of innovation that distinguishes between ideas and innovations. While innovation responds to … incentives, ideas are a scarce resource that provide an exogenous constraint on the rate of innovation. We investigate how the … optimal reward structure is shaped by the scarcity of ideas. Substitute ideas for innovation in the model arrive to random …

innovation projects affects the innovation output of firms differently depending on firm characteristics and ambitions. In …, resource-constrained firms using staged project management are shown to abandon a larger share of their innovation projects and … staged project management on the sales of resource-constrained firms from new products. The paper contributes to theory …

when evaluating innovative projects. Current innovation analysis methods using a linear model are outdated. At the same … time, an open interactive model of the innovation process, formed due to digitalization, allows to connect to innovations … innovative projects implemented in the context of an open innovation model. To achieve the goal, the study defines approaches to …