Visionaries, Managers, and Strategic Direction

摘要: Incentives for profitable innovation may be enhanced by employing a "visionary" CEO whose "vision" biases him in favor of certain projects. vision changes which projects get implemented and thus affects the incentives employees who can compensated their innovative ideas only when they become embodied Profits further letting objective managers decide to investigate even though decisions depart from firm's "strategy" differing those would have made.