Artikel
Two staged incentive contract based on efficiency and innovation: A case study of critical chain project management
Purpose: The purpose of this paper is to define the relative optimal incentive contract to effectively encourage employees to improve work efficiency while actively implementing innovative behavior. Design/methodology/approach: This paper analyzes a two staged incentive contract coordinated with efficiency and innovation in Critical Chain Project Management using learning real options, based on principle-agent theory. The situational experiment is used to analyze the validity of the basic model. Finding: The two staged incentive scheme is more suitable for employees to create and implement learning real options, which will throw themselves into innovation process efficiently in Critical Chain Project Management. We prove that the combination of tolerance for early failure and reward for long-term success is effective in motivating innovation. Research limitations/implications: We do not include the individual characteristics of uncertain perception, which might affect the consistency of external validity. The basic model and the experiment design need to improve. Practical Implications: The project managers should pay closer attention to early innovation behavior and monitoring feedback of competition time in the implementation of Critical Chain Project Management. Originality/value: The central contribution of this paper is the theoretical and experimental analysis of incentive schemes for innovation in Critical Chain Project Management using the principal-agent theory, to encourage the completion of CCPM methods as well as imitative free-riding on the creative ideas of other members in the team.
- Sprache
-
Englisch
- Erschienen in
-
Journal: Journal of Industrial Engineering and Management (JIEM) ; ISSN: 2013-0953 ; Volume: 7 ; Year: 2014 ; Issue: 4 ; Pages: 919-931 ; Barcelona: OmniaScience
- Klassifikation
-
Management
- Thema
-
efficiency
innovation
incentive mechanism
critical chain project management
- Ereignis
-
Geistige Schöpfung
- (wer)
-
Zhang, Min
Jin, Maozhu
- Ereignis
-
Veröffentlichung
- (wer)
-
OmniaScience
- (wo)
-
Barcelona
- (wann)
-
2014
- DOI
-
doi:10.3926/jiem.1154
- Handle
- Letzte Aktualisierung
-
10.03.2025, 11:43 MEZ
Datenpartner
ZBW - Deutsche Zentralbibliothek für Wirtschaftswissenschaften - Leibniz-Informationszentrum Wirtschaft. Bei Fragen zum Objekt wenden Sie sich bitte an den Datenpartner.
Objekttyp
- Artikel
Beteiligte
- Zhang, Min
- Jin, Maozhu
- OmniaScience
Entstanden
- 2014
Ähnliche Objekte (12)
Knowledge collaborative incentive based on inter-organizational cooperative innovation of project-based supply chain
Efficiency of the supply chain collaborative technological innovation in China: An empirical study based on DEA analysis
Developing green supply chain management strategies: A taxonomic approach
The link between HR practices, psychological contract fulfilment, and organisational performance in Greece: An economic crisis perspective
Special issue: Supply chain and logistics decisions under environmental aspect
Buy-back and revenue-sharing contracts in global supply chain
Performance appraisal for green/environmental friendliness of a supply chain department
Study of collaborative management of supply chain in an IT environment
Special issue: International Conference on Value Chain Sustainability ICOVACS 2010, Valencia (Spain)
The impact of supply chain collaboration on performance in automotive industry: Empirical evidence
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art
Variations in the efficiency of a mathematical programming solver according to the order of the constraints in the model
Knowledge collaborative incentive based on inter-organizational cooperative innovation of project-based supply chain
Efficiency of the supply chain collaborative technological innovation in China: An empirical study based on DEA analysis
Developing green supply chain management strategies: A taxonomic approach
The link between HR practices, psychological contract fulfilment, and organisational performance in Greece: An economic crisis perspective
Special issue: Supply chain and logistics decisions under environmental aspect
Buy-back and revenue-sharing contracts in global supply chain
Performance appraisal for green/environmental friendliness of a supply chain department
Study of collaborative management of supply chain in an IT environment
Special issue: International Conference on Value Chain Sustainability ICOVACS 2010, Valencia (Spain)
The impact of supply chain collaboration on performance in automotive industry: Empirical evidence
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art
Variations in the efficiency of a mathematical programming solver according to the order of the constraints in the model
Knowledge collaborative incentive based on inter-organizational cooperative innovation of project-based supply chain
Efficiency of the supply chain collaborative technological innovation in China: An empirical study based on DEA analysis
Developing green supply chain management strategies: A taxonomic approach
The link between HR practices, psychological contract fulfilment, and organisational performance in Greece: An economic crisis perspective
Special issue: Supply chain and logistics decisions under environmental aspect
Buy-back and revenue-sharing contracts in global supply chain
Performance appraisal for green/environmental friendliness of a supply chain department
Study of collaborative management of supply chain in an IT environment
Special issue: International Conference on Value Chain Sustainability ICOVACS 2010, Valencia (Spain)
The impact of supply chain collaboration on performance in automotive industry: Empirical evidence
Carbon footprint estimation for a sustainable improvement of supply chains: State of the art