Financial constraints in innovation projects: When is less more?

Martin Hoegl*, Michael Gibbert, David Mazursky

*Corresponding author for this work

Research output: Contribution to journalArticlepeer-review

156 Scopus citations

Abstract

This article aims to reconcile the seemingly contradicting arguments put forth in different literatures regarding the role of financial resource constraints as inhibitors or enablers of innovation in organizations. Recognizing that innovative endeavors are regularly carried out through team projects, we examine when, i.e., under what conditions, financial resource constraints enable, rather than inhibit, the performance of innovation teams. Specifically, we propose that the relationship between financial constraints and innovation project performance is moderated by a bounded creativity approach, a team process that leverages the team's domain-relevant skills, an engaging project objective, strong team cohesion, and team potency.

Original languageEnglish
Pages (from-to)1382-1391
Number of pages10
JournalResearch Policy
Volume37
Issue number8
DOIs
StatePublished - Sep 2008

Keywords

  • Innovation
  • Resource constraints
  • Team

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