Commenced in January 2007
Paper Count: 30172
Corporate Culture and Innovation: Implications for Reward Systems
Abstract:Continuous innovation is becoming a necessity if firms want to stay competitive. Different factors influence the rate of innovation in a firm, among which corporate culture has often been recognized among the most important factors. In this paper we argue that the development of corporate culture that will support and foster innovation must be accompanied with an appropriate reward system. A research conducted among Croatian firms showed that a statistically significant relationship exists among corporate culture that supports innovations and reward system features.
Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1071486Procedia APA BibTeX Chicago EndNote Harvard JSON MLA RIS XML ISO 690 PDF Downloads 3826
 Tellis, G. J., Prabhu, J. C., Chandy, R. K. (2009) Radical Innovation Across Nations: The Preeminence of Corporate Culture, Journal of Marketing, Vol. 73, p. 3-23.
 Peters, T., Waterman, R. H. Jr. (1982) In Search of Excellence, Profile Books.
 Tushman, M., Nadler, D. (1986) Organizing for innovation, California Management Review, Vol. XXVIII, No. 3., p. 74-93.
 Van de Ven, A. (1986) Central problems in the management of innovation, Management Science, Vol. 32, p. 590-607.
 Amabile, T.M., Schatzel, E.A., Moneta, G.B. and Kramer, S.J. (2004) Leader behaviors and the work environment for creativity: perceived leader support, Leadership Quarterly, Vol. 15 No. 1, p. 5-32.
 Axtell, C.M., Holman, D.J., Unsworth, K.L., Wall, T.D., Waterson, P.E. and Harrington, E. (2000) Shopfloor innovation: facilitating the suggestion and implementation of ideas, Journal of Occupational & Organizational Psychology, Vol. 73, p. 265-85.
 Jassowalla, A.R.,Soshittal, H. C. (2002) Cultures that support product innovation processes, Academy of Management Executive, Vol. 16, No. 3, p. 42-54.
 Po┼íkien─ù A. (2006) Organizational Culture and Innovations, Engineering Economics, No. 1 (46), p. 45-50
 Lyons, R. K., Chatman, J. A., Joyce, C. K. (2007) Innovation in Services: Corporate culture and investment banking, California Management Review, Vol. 50, No.1, p. 174-191.
 Lau, C., Ngo, H. (2004) The HR system, organizational culture, and product innovation, International Business Review, Vol. 13, No. 6., p. 685-703.
 Price, R. M. (2007) Infusing innovation into corporate culture, Organizational Dynamics, Vol. 36, no. 3, p. 320-328
 Kerr, J., Slocum, J. W. (1987) Managing Corporate Culture Trough Reward System, Academy of Management Executive, Vol. 1, No.2, p. 99-18.
 Gallini, N., S. Scotchmer (2001) Intellectual Property: When is it the Best Incentive Mechanism?, Innovation Policy and the Economy, Vol. 2, p. 51-78.
 Harden, E., Kruse, D. L., Blasi, J. R. (2008) Who Has a Better Idea? Innovation, Shared Capitalism, and HR Policies, NBER Working Paper No. 14234, http://ideas.repec.org/p/nbr/nberwo/14234.html
 Laursen, K. (2002) The importance of sectoral differences in the application of complementary HRM practices for innovation performance, International Journal of the Economics of Business, 9(1), p.139-156.
 Philips, J. (2007) Creating a Culture of Innovation, NetCentrics, http://www.ovoinnovation.com/pdf/CreatingaCulture.pdf
 Myerson, P., Hamilton, R. D. III (1986) Matching Corporate Culture and Technology, SAM Advanced Management Journal, Vol. 51, No. 1, p. 8- 13.