ECOS 2201代写、Python/Java编程代写

日期：2022-11-03 09:02

ECOS 2201 Economics of Competition and Strategy

Suraj Prasad

Semester 2, 2022

Assignment – Motivating Innovation in Organizations

1 Details

The main objective of this assignment is to get you to apply concepts learnt in the

class to real world problems. In terms of allocating time, you should set aside about

2 hours a week to work on the assignment. The assignment (typed with 11 point font

and double spacing) has to be submitted on Canvas through Turnitin by midnight

4th of November (Friday), 2022 (more details on the link and how to submit the

assignment will be provided closer to the date).

2 Topic

To remain successful in the face of competition, organizations have to innovate.

As an example, think of using technology to develop new products and services.

Innovation, however, is a lengthy and an uncertain process, with many (if not most)

projects ending in failure. Organizations thus have to pay careful attention to how

they motivate and reward their workers for innovation. For this assignment, I want

you to use tools and concepts related to this class to think about how to design

incentives for innovation in an organization.

1. Select a firm or company where innovation (for example developing new prod-

ucts and services) plays a central role. Using specific examples from the com-

pany, illustrate how innovation is a complex process – for example, the duration

of projects and the probability of failure of projects.

2. Discuss why motivating innovation is difficult. For example, what can go wrong

if we rely on very simple models of pay for performance.

3. Suggest way(s) in which the basic agency framework from this class (lectures

1 to 6) can be modified to address these difficulties in providing incentives in

the point above. You can focus on one change or a group of relevant changes.

1

4. How would you incorporate this modification into the model? You do not need

to solve the model – you can just summarize these changes through some key

equations or even verbally describe these changes.

5. What tradeoffs do you expect from your proposed model? Think of yourself

as a consultant to the CEO of one of these companies, advising her on how to

design incentives for innovation.

3 Length

The assignment should be less than 3 pages (including references), double spaced,

11 point font.

4 Grading

The assignment counts for 15 percent of your overall grade in this unit. I will use

three criteria for the grading.

How “creative” your assignment is – for example, highlighting a novel incentive

problem associated with innovation and suggesting a way to fix it.

How logical your argument is and the insights that your model can deliver.

You want your model to strike a balance between including (the most) relevant

details and being concise. This can be difficult.

The clarity of your writing and arguments. Using a simple graph to capture

some of your main ideas could help with this.

5 References

Make sure that you reference your work if you draw on other sources.