Vidal, Jordi Blanes I and Möller, Marc (2016) Team adaptation. CEP Discussion Paper (1421). London School of Economics and Political Science. Centre for Economic Performance, London, UK.
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Abstract
We model an organization as a team choosing between a status quo project and a potentially superior alternative. We show that the members’ concern for each other’s motivation leads to a lack of communication, resulting in a failure to adapt (i.e. the status quo is maintained even when evidence for the alternative’s superiority has been observed). Adaptation failures are particularly severe when production exhibits strong complementarities. Improving the organization’s aggregate information has the adverse effect of reducing communication. In the long run, the organization can become “locked-in” with the status quo, in that adaptation is impaired for every adoptable alternative.
| Item Type: | Monograph (Discussion Paper) |
|---|---|
| Official URL: | http://cep.lse.ac.uk/ |
| Additional Information: | © 2016 The Authors |
| Divisions: | Centre for Economic Performance |
| Subjects: | H Social Sciences > HC Economic History and Conditions |
| JEL classification: | O - Economic Development, Technological Change, and Growth > O3 - Technological Change; Research and Development > O32 - Management of Technological Innovation and R&D O - Economic Development, Technological Change, and Growth > O4 - Economic Growth and Aggregate Productivity > O47 - Measurement of Economic Growth; Aggregate Productivity; Cross-Country Output (Income) Convergence |
| Date Deposited: | 10 May 2016 09:22 |
| Last Modified: | 11 Dec 2024 19:21 |
| Funders: | Economic and Social Research Council, Economic and Social Research Council |
| URI: | http://eprints.lse.ac.uk/id/eprint/66439 |
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