Title: The roles of reward structures and project characteristics in Taiwan's high-tech new product development team performance
Authors: Yung-Ching Ho, Chi-Shiun Lai, Cheng-Ling Tai
Addresses: Department of Business Administration, National Chung Cheng University, No. 168, University Rd., Min-Hsiung, Chia-Yi, Taiwan. ' Department of Business Administration, National Yunlin University of Science and Technology, No. 123, University Rd., Section 3, Touliu, Yunlin, Taiwan. ' Department of Industrial Engineering and Management Information, Huafan University, No. 1, Hufan Rd., Shihding Township, Taipei County, Taiwan
Abstract: In Taiwan, the status of the high-tech industries is closely related to economic progress. Some of the reasons that make these industries remain profitable are a high degree of product innovation capability. This paper focuses on Taiwan|s high-tech new product development (NPD) teams to probe into the influences of different reward structures and project characteristics on NPD team performance. Results of the study show a significant influence of cash-based rewards, procedure justice and the length of project development cycle on NPD team performance, as well as partial support for the impact of position-based, outcome-based rewards and project risk on NPD team performance. More importantly, when businesses offer more shares than cash as rewards, significantly positive effect is only exerted on |adhere to budget and schedule,| and bears no significant effects on market performance.
Keywords: reward structures; project characteristics; new product development; NPD; Taiwan; teams; high-tech industries; high technology; economic progress; innovation; cash-based rewards; procedure justice; project development cycles; position-based rewards; outcome-based rewards; risk; company shares; budgets; schedules; market performance; business performance; performance management; team performance; teamwork.
International Journal of Business Performance Management, 2010 Vol.12 No.1, pp.1 - 20
Published online: 13 Oct 2010 *Full-text access for editors Access for subscribers Purchase this article Comment on this article