Managing {Risk}-{Taking} to {Enhance} {Innovation} in {Organizations}

Springer International Publishing

Scholars have proposed that taking risks is a key factor to explain innovation performance in organizations. However, the relationship between risk taking and innovation performance is generally examined from two unconnected perspectives. From a managerial perspective, entrepreneurial orientation and leadership theories are invoked to justify a positive relationship between risk taking and innovation. From an employees’ viewpoint, creativity theories suggest that a risk-taking climate influences innovative and creative behaviors. This study examines the possibility of a connection between managers’ risk-taking propensity, employees’ risk-taking climate, and innovation performance from both a theoretical and an empirical point of view. To do so, we draw on a dataset of 182 firms from the Spanish and Italian ceramic tile industry.

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Reference

Llopis O, García-Granero A, Fernández-Mesa A, Alegre J (2014). “Managing Risk-Taking to Enhance Innovation in Organizations.” In Hervás-Oliver J, Peris-Ortiz M (eds.), Management Innovation: Antecedents, Complementarities and Performance Consequences, series Springer Proceedings in Business and Economics, 75-90. Springer International Publishing, Cham. ISBN 978-3-319-03134-7, doi: 10.1007/978-3-319-03134-7_6.