Subject(s)
Strategy and general management; Technology, R&D management
Keyword(s)
Innovation strategy
Organizations can make better choices about which R&D projects gain funding by managing bias and involving more people.
Volume
63
Subject(s)
Entrepreneurship; Technology, R&D management
ISSN (Print)
0017-8012
Subject(s)
Diversity and inclusion; Entrepreneurship; Human resources management/organizational behavior; Strategy and general management
Keyword(s)
contrarian, behavioural traps, diversity, strategy
ISSN (Print)
0017-8012
Subject(s)
Technology, R&D management
Keyword(s)
Patents, intellectual property rights
This article summarizes the century-old debate whether a patent system spurs innovation or is rather a burden to society.
Volume
74
Journal Pages
6–9
Subject(s)
Economics, politics and business environment; Information technology and systems; Technology, R&D management
Keyword(s)
Cybersecurity, information security, information law, critical infrastructures, cyber regulation
Two articles explain the genesis and contents of the German IT Security Act 2.0, which was enacted in May 2021. This first article focuses on the origins of the law, the obligations of companies as operators of information technology, and the new regulations on the security of IT products.
Journal Pages
450–458
ISSN (Online)
2194-4172
Subject(s)
Economics, politics and business environment
Keyword(s)
Decision biases, Sunk cost effect, Susceptibility scale, Cognitive ability, incentivized experiment
The sunk cost effect is one of the most well-known decision making biases. In this article, I describe how my co-authors and I developed an 8-item test comprised of hypothetical scenarios to determine the respondent’s susceptibility to the sunk cost effect. We validate the scale with an incentivized experiment. We also find evidence that experience, rather than smarts, which helps people to avoid falling foul of the effect.
ISSN (Print)
0017-8012
Subject(s)
Diversity and inclusion; Human resources management/organizational behavior; Strategy and general management
Keyword(s)
Luck, stereotype bias, grit, regression to the mean
Managers are very prone to both benchmarking and stereotyping. These practices lead them into underestimating the power of luck, so that they often attribute success to capabilities and failure to bad luck in people or organizations they see as having the attributes of greatness, while they discount capabilities and attribute success to luck in people or organizations that do not conform to their ideas of greatness. Looking at second-level performers (where luck probably plays a lesser role) may be a smarter way to benchmark.
ISSN (Print)
0017-8012
Subject(s)
Human resources management/organizational behavior
Keyword(s)
Automation, communication, team interaction, leadership
Automation Surprise or Ambiguous Cockpit Information manifests itself as a miscommunication between man and machine and may lead to serious incidents and accidents. Focusing on factual communication between crew members as well as using training scenarios that specifically address the lesser known, less critical malfunctions may prepare pilots for dealing with losses in automation.
With permission of the German Armed Forces Aviation Office (Luftfahrtamt der Bundeswehr)
Journal Pages
18–22
Subject(s)
Diversity and inclusion; Human resources management/organizational behavior; Strategy and general management
Keyword(s)
Career change, COVID-19 resources, leadership development
Taking on a substantial new role without a change in title or authority is hard, but there are ways to manage this transition.
Subject(s)
Human resources management/organizational behavior
Keyword(s)
COVID-19, networks, remote work
Networks are resilient, but a year of remote work has taken its toll on organizations.