Organizational Selection of Innovation
Published Online:19 Sep 2024https://doi.org/10.1287/orsc.2023.17357
References
- (2020) Selection in R&D project portfolio management. Working paper, Helsinki University of Technology, Finland.Google Scholar
- (2014) Positioning on a multiattribute landscape. Management Sci. 60(11):2794–2815.Link, Google Scholar
- (2022) The translucent hand of managed ecosystems: Engaging communities for value creation and capture. Acad. Management Ann. 16(1):70–101.Crossref, Google Scholar
- (2007) Project portfolio selection and management. Morris PWG, Pinto JK, eds. The Wiley Guide to Project, Program & Portfolio Management (Wiley, New York), 94–112.Google Scholar
- (2016) The paradox of openness revisited: Collaborative innovation and patenting by UK innovators. Res. Policy 45(7):1352–1361.Crossref, Google Scholar
- (2023) Championing the flawed gems: In search of contrarian opportunities through minority ruling. Working paper, Amsterdam University, Amsterdam.Google Scholar
- (2017) Distilling the wisdom of crowds: Prediction markets vs. prediction polls. Management Sci. 63(3):691–706.Link, Google Scholar
- (1996) Information aggregation, rationality, and the Condorcet jury theorem. Amer. Political Sci. Rev. 90(1):34–45.Crossref, Google Scholar
- (2015) Voting systems and strategic manipulation: An experimental study. J. Theoretical Politics 27(1):58–85.Crossref, Google Scholar
- (2022) The crowd classification problem: Social dynamics of binary-choice accuracy. Management Sci. 68(5):3949–3965.Link, Google Scholar
- (2021) Skill, power and marginal contribution in committees. J. Theoretical Politics 33(2):225–235.Crossref, Google Scholar
- (2021) Preference elicitation for participatory budgeting. Management Sci. 67(5):2813–2827.Link, Google Scholar
- (2020) Comparing election methods where each voter ranks only few candidates. Proc. 34th AAAI Conf. Artificial Intelligence (AAAI Press, Washington, DC), 2218–2225.Google Scholar
- (2022) Good to go first? Position effects in expert evaluation of early-stage ventures. Management Sci. 68(1):300–315.Link, Google Scholar
- (2023) Subset selection based on multiple rankings in the presence of bias: Effectiveness of fairness constraints for multiwinner voting score functions. Preprint, submitted June 16, https://arxiv.org/abs/2306.09835.Google Scholar
- (2022) Examining the limits of the Condorcet jury theorem: Tradeoffs in hierarchical information aggregation systems. Collective Intelligence 1(2).Crossref, Google Scholar
- (2016) Introduction to computational social choice. Brandt F, Conitzer V, Endriss U, Lang J, Procaccia AD, eds. Handbook of Computational Social Choice (Cambridge University Press, Cambridge, UK).Crossref, Google Scholar
- (2019) Product and innovation portfolio management. Oxford Research Encyclopedia of Business and Management (Oxford University Press, Oxford, UK).Crossref, Google Scholar
- (2024) Introduction to the special issue on judgment and decision research on the wisdom of the crowds. Decision (Washington, DC) 11(1):1.Google Scholar
- (2023) Choose your moments: Peer review and scientific risk taking. NBER Working Paper No. 31409, National Bureau of Economic Research, Cambridge, MA.Google Scholar
- (2021) Does vote trading improve welfare? Annu. Rev. Econom. 13:57–86.Crossref, Google Scholar
- (2008) A theoretical framework for managing the new product development portfolio: When and how to use strategic buckets. Management Sci. 54(5):907–921.Link, Google Scholar
- (2006) Open innovation: A new paradigm for understanding industrial innovation. Chesbrough H, Vanhaverbeke W, West J, eds. Open Innovation: Researching a New Paradigm (Oxford University Press, Oxford, UK).Crossref, Google Scholar
- (2022) Context and aggregation: An experimental study of bias and discrimination in organizational decisions. Organ. Sci. (34):2163–2181.Google Scholar
- (2022) The power of rank information. J. Personality Soc. Psych. 122(6):983.Crossref, Google Scholar
- (1993) Screening new products for potential winners. Long Range Planning 26(6):74–81.Crossref, Google Scholar
- (2017) Evaluating novelty: The role of panels in the selection of R&D projects. Acad. Management J. 60(2):433–460.Crossref, Google Scholar
- (2018) Limits to the wisdom of the crowd in idea selection. Adv. Strategic Management 40(Organization Design):275–297.Google Scholar
- (2013) Organizational decision making: An information aggregation view. Management Sci. 59(10):2257–2277.Link, Google Scholar
- (2018) Individual and organizational antecedents of strategic foresight: A representational approach. Strategy Sci. 3(3):513–532.Link, Google Scholar
- (2016) Mental representation and the discovery of new strategies. Strategic Management J. 37(10):2031–2049.Crossref, Google Scholar
- (2019) Scoring vs. ranking: An experimental study of idea evaluation processes. Production Oper. Management 28(1):176–188.Crossref, Google Scholar
- (2004) Order Statistics (John Wiley & Sons, Hoboken, NJ).Google Scholar
- (2014) When is a crowd wise? Decision (Washington, DC) 1(2):79.Google Scholar
- (2023) Randomisation as a tool for organisational decision-making: A debatable or debilitating proposition? Industry Innovations 30(10):1275–1293.Crossref, Google Scholar
- Economist (2015) The Economist explains: How Oscar winners are decided. The Economist (January 21), https://www.economist.com/the-economist-explains/2015/01/21/how-oscar-winners-are-decided.Google Scholar
- (2019) Quadratic voting with multiple alternatives. Working paper, Michigan State University, East Lansing, MI.Google Scholar
- (1977) Quality of group judgment. Psych. Bull. 84(1):158.Crossref, Google Scholar
- (2022) The knowledge-incentive tradeoff: Understanding the relationship between research and development decentralization and innovation. Strategic Management J. 43(12):2478–2509.Crossref, Google Scholar
- (2021) Evaluating proposals in innovation contests: Exploring negative scoring spillovers in the absence of a strict evaluation sequence. Res. Policy 50(4):1–13.Crossref, Google Scholar
- (2017) Properties of multiwinner voting rules. Soc. Choice Welfare 48(3):599–632.Crossref, Google Scholar
- (2017) Multiwinner rules on paths from k-Borda to Chamberlin-Courant. Sierra C, ed. Proc. 26th Internat. Joint Conf. Artificial Intelligence (IJCAI), 192–198.Google Scholar
- (2014) Idea assessment via enterprise crowdfunding: An empirical analysis of decision-making styles. Working paper, Karlsruhe Institute of Technology.Google Scholar
- (2017) Models of social influence: Toward the next frontiers. J. Artificial Soc. Soc. Simulation 20(4).Google Scholar
- (1998) Governance and uncertainty: The trade-off between administrative control and commitment. Strategic Management J. 19(11):1007–1028.Crossref, Google Scholar
- (2021) Behavioral innovation and corporate renewal. Strategic Management Rev. 2(2):285–322.Crossref, Google Scholar
- (2024) Rank, pack, or approve: Voting methods in participatory budgeting. Preprint, submitted January 24, https://arxiv.org/abs/2401.12423.Google Scholar
- (2019) Computational Statistics (Springer, Berlin).Google Scholar
- (2023) The Eurovision Song Contest: Voting rules, biases and rationality. J. Cultural Econom. 47(2):247–277.Crossref, Google Scholar
- (2019) Knapsack voting for participatory budgeting. ACM Trans. Econom. Comput. 7(2):1–27.Crossref, Google Scholar
- (2005) The robust beauty of majority rules in group decisions. Psych. Rev. 112(2):494.Crossref, Google Scholar
- (2023) Costs of collective wisdom: How resources influence information aggregation in organizational decision making. Strategic Organ. 21(2):283–310.Crossref, Google Scholar
- (1978) A note on aggregating opinions. Organ. Behav. Human Performance 21(1):40–46.Crossref, Google Scholar
- (1929) Stability in competition. Econom. J. (London) 39(153):41–57.Crossref, Google Scholar
- (2022) Information aggregation and collective intelligence beyond the wisdom of crowds. Nature Rev. Psych. 1(6):345–357.Crossref, Google Scholar
- (2020) A framework for managing innovation. TutORials in Operations Research, 202–228.Google Scholar
- (1962) Mathematics of Statistics, Pt. 1, 3rd ed. (D. Van Nostrand Company, Princeton, NJ).Google Scholar
- (2017) The influence of hierarchy on idea generation and selection in the innovation process. Organ. Sci. 28(4):653–669.Link, Google Scholar
- (2017) Crowd wisdom relies on agents’ ability in small groups with a voting aggregation rule. Management Sci. 63(3):818–828.Link, Google Scholar
- (2007) Resource allocation decisions. Edwards W, Miles Jr RF, von Winterfeldt, eds. Advances in Decision Analysis: From Foundations to Applications (Cambridge University Press, Cambridge, UK), 400–418.Crossref, Google Scholar
- (2018) Risk-type preference shifts in response to performance feedback. Strategic Organ. 16(2):141–166.Crossref, Google Scholar
- (2022) Motivating innovation: Tunnels vs funnels. Strategy Sci. 7(4):300–316.Link, Google Scholar
- (2015) Real options logic revisited: The performance effects of alternative resource allocation regimes. Acad. Management J. 58(1):221–241.Crossref, Google Scholar
- (2013) Becoming aware of the unknown: Decision making during the implementation of a strategic initiative. Organ. Sci. 24(1):133–153.Link, Google Scholar
- (2020) Stage-gate escalation. Strategy Sci. 5(4):311–329.Link, Google Scholar
- (2021) Optionality and selectiveness in innovation. Acad. Management Discovery 7(3):328–342.Crossref, Google Scholar
- (2022) Sample decisions with description and experience. Judgment Decision Making 17(5):1146–1175.Crossref, Google Scholar
- (2023) Ambiguity aversion and the degree of ambiguity. J. Risk Uncertainty 67(3):299–324.Crossref, Google Scholar
- (2007) Two faces of search: Alternative generation and alternative evaluation. Organ. Sci. 18(1):39–54.Link, Google Scholar
- (2017) Research on idea generation and selection: Implications for management of technology. Production Oper. Management 26(4):633–651.Crossref, Google Scholar
- (2023) Missed chances and unfulfilled hopes: Why do firms make errors in evaluating technological opportunities? Strategic Management J. 44(13):3067–3097.Crossref, Google Scholar
- (2012) Optimal forecasting groups. Management Sci. 58(4):805–810.Link, Google Scholar
- (2022) Conservatism gets funded? A field experiment on the role of negative information in novel project evaluation. Management Sci. 68(6):4478–4495.Link, Google Scholar
- (2014) A cognitive model for aggregating people’s rankings. PLoS One 9(5):e96431.Crossref, Google Scholar
- (2017) Resource allocation and firm boundaries. J. Management 43(8):2580–2587.Crossref, Google Scholar
- (2001) Conflicts and common interests in committees. Amer. Econom. Rev. 91(5):1478–1497.Crossref, Google Scholar
- (2022) Bayesian analysis of rank data with covariates and heterogeneous rankers. Statist. Sci. 37(1):1–23.Crossref, Google Scholar
- (2021) Judgment aggregation in creative production: Evidence from the movie industry. Management Sci. 67(10):6358–6377.Link, Google Scholar
- (2023) Catching outliers: Committee voting and the limits of consensus when financing innovation. Working paper, Harvard Business School, Boston.Google Scholar
- (2014) The wisdom of select crowds. J. Personality Soc. Psych. 107(2):276.Crossref, Google Scholar
- (2022) Democratic vs. elite governance for project selection decisions in executive committees. Eur. J. Oper. Res. 297(3):1126–1138.Crossref, Google Scholar
- (2005) Decision processes, agency problems, and information: An economic analysis of capital budgeting procedures. Rev. Financial Stud. 18(1):301–325.Crossref, Google Scholar
- (2009) Relatively fast! Efficiency advantages of comparative thinking. J. Experiment. Psych. General 138(1):1.Crossref, Google Scholar
- (2007) On the theory of strategic voting. Rev. Econom Stud. 74(1):255–281.Crossref, Google Scholar
- (2023) The good, the bad, and the average: Comparing individual and collective effects of voting and averaging in organizational decision making. Working paper, ETH Zurich, Zürich, Switzerland.Google Scholar
- (1982) Optimal decision rules in uncertain dichotomous choice situations. Internat. Econom. Rev. 23(2):289–297.Crossref, Google Scholar
- (2017) Collective decision making and jury theorems. Parisi F, ed. The Oxford Handbook of Law and Economics: Volume 1 Methodology and Concepts (Oxford University Press, Oxford, UK), 494–516.Google Scholar
- (1980) Equilibrium in simple spatial (or differentiated product) models. J. Econom. Theory 22(2):313–326.Crossref, Google Scholar
- (2020) Is diversity (un)biased? Project selection decisions in executive committees. Manufacturing Service Oper. Management 22(5):906–924.Link, Google Scholar
- (2019) Voting methods. Zalta EN, ed. The Stanford Encyclopedia of Philosophy (Metaphysics Research Laboratory, Stanford University, Stanford, CA).Google Scholar
- (2018) Single-peakedness and total unimodularity: New polynomial-time algorithms for multi-winner elections. McIlraith SA, Weinberger KQ, eds. Proc. AAAI Conf. Artificial Intelligence, vol. 32 (AAAI Press, Washington, DC), 1169–1176.Google Scholar
- (2023) The dual function of organizational structure: Aggregating and shaping individuals’ votes. Organ. Sci. 34(5):1914–1937.Link, Google Scholar
- (2012) A maximum likelihood approach for selecting sets of alternatives. de Freitas N, Murphy KP, eds. Proc. 28th Conf. Uncertainty Artificial Intelligence (AUAI Press, Arlington, VA), 695–704.Google Scholar
- (2018) The Microstructure of Organizations (Oxford University Press, Oxford, UK).Crossref, Google Scholar
- (2023) Epistemic selection of costly alternatives: The case of participatory budgeting. Preprint, submitted September 4, https://arxiv.org/abs/2304.10940.Google Scholar
- (1988) Committees, hierarchies and polyarchies. Econom. J. (London) 98(391):451–470.Google Scholar
- (2021) Forecasting demand for new products: Combining subjective rankings with sales data. Preprint, submitted February 18, https://dx.doi.org/10.2139/ssrn.3780420.Google Scholar
- (2010) Can there ever be too many options? A meta-analytic review of choice overload. J. Consumer Res. 37(3):409–425.Crossref, Google Scholar
- (2023) Strategic Management of Technological Innovation, 7th ed. (McGraw-Hill, New York).Google Scholar
- (2020) Entrepreneurial uncertainty and expert evaluation: An empirical analysis. Management Sci. 66(3):1278–1299.Link, Google Scholar
- (2019) The allocation of capital within firms. Acad. Management Ann. 13(1):43–83.Crossref, Google Scholar
- (2021) Selection regimes and selection errors. Working paper, ESMT Berlin, Germany.Google Scholar
- (1998) How Smith Kline Beecham makes better resource-allocation decisions. Harvard Bus. Rev. 76(2):45–53.Google Scholar
- (2022) Managing innovation portfolios: From project selection to portfolio design. Production Oper. Management 31(12):4572–4588.Crossref, Google Scholar
- (2020) Participatory budgeting with cumulative votes. Preprint, submitted September 6, https://arxiv.org/abs/2009.02690.Google Scholar
- (2020) How do you search for the best alternative? Experimental evidence on search strategies to solve complex problems. Management Sci. 66(3):1395–1420.Link, Google Scholar
- (2021) Open Strategy: Mastering Disruption from Outside the C-Suite (MIT Press, Boston).Crossref, Google Scholar
- (2003) Agency, information and corporate investment. Constantinides GM, Harris M, Stulz RM, eds. Handbook of the Economics of Finance (Elsevier, New York), 111–165.Crossref, Google Scholar
- (2022) Integration and appropriability: A study of process and product components within a firm’s innovation portfolio. Strategic Management J. 43(6):1075–1109.Crossref, Google Scholar
- (2000) Capabilities, cognition, and inertia: Evidence from digital imaging. Strategic Management J. 21(10–11):1147–1161.Crossref, Google Scholar
- (2023) Kodak’s surprisingly long journey toward strategic renewal: A half century of exploring digital transformation that culminated in failure. Preprint, submitted March 4, https://dx.doi.org/10.2139/ssrn.4373683.Google Scholar
- (1992) Revolutionizing Product Development: Quantum Leaps in Speed, Efficiency, and Quality (Simon and Schuster, New York).Google Scholar
- (2022) Group decision making under uncertain preferences: Powered by AI, empowered by AI. Ann. New York Acad. Sci. 1511(1):22–39.Crossref, Google Scholar
- (1988) Condorcet’s theory of voting. Amer. Political Sci. Rev. 82(4):1231–1244.Crossref, Google Scholar

