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Managing Risk-Taking to Enhance Innovation in Organizations

In: Management Innovation

Author

Listed:
  • Oscar Llopis

    (Universitat Politècnica de València)
    University of Valencia)

  • Ana García-Granero

    (Universitat Politècnica de València)
    University of Valencia)

  • Anabel Fernández-Mesa

    (Universitat Politècnica de València)
    University of Valencia)

  • Joaquín Alegre

    (University of Valencia)

Abstract

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.

Suggested Citation

  • Oscar Llopis & Ana García-Granero & Anabel Fernández-Mesa & Joaquín Alegre, 2014. "Managing Risk-Taking to Enhance Innovation in Organizations," Springer Proceedings in Business and Economics, in: José-Luis Hervás-Oliver & Marta Peris-Ortiz (ed.), Management Innovation, edition 127, chapter 0, pages 75-90, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-03134-7_6
    DOI: 10.1007/978-3-319-03134-7_6
    as

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