Innovation contests have been studied primarily as mechanisms to obtain extreme valued solutions. In the current work, we propose that this conceptualization of innovation contests needs to be expanded to also consider the long-term benefits from the knowledge/capabilities generated by the...

We consider a manager who invests in knowledge development of a product and a process design team as well as knowledge transfer between teams throughout a new product development (NPD) project. Knowledge development at a particular time (e.g., prototyping and experimentation) increases a...