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Prestige of the Decision Ecology and Risk-taking in R&D Project in the Biopharmaceutical Sector
Global Business Review Pub Date : 2022-04-21 , DOI: 10.1177/09721509221093484
Tariq Hussain Malik 1 , Sajal Kabiraj 2 , Filip Lestan 3, 4
Affiliation  

Knowledge-based organizations pose an innovation project ‘scope–risk paradox’ in their innovation projects. On the one hand, the uncertainty of the broader scope avails them opportunities to delegate responsibilities to the environment; on the other hand, an elevated risk–reward evaluation hampers their aspirations. This article suggests a solution: the prestige of the decision ecology inflates rewards and deflates risks in the scope decision. This decision ecology of the research and development (R&D) project consists of five prestige factors: (a) technological, (b) organization-specific, (c) nationality, (d) temporality and (f) structural. High prestige of these contextual elements implies that they influence the perceived reward to risk ratio. High prestige predicts high risk-taking, leading to a broader scope of the innovation project. The evidence supports that the technological prestige, organizational prestige, temporal prestige and structural prestige contribute to the broader scope decision of the R&D project in the clinical trial. However, the project nationality shows no difference. Overall, we conclude that the interpretative decisions based on the situation prestige influence the R&D project in the biopharmaceutical sector; therefore, the prestige of these ecological factors should matter in other disciplines. Other disciplines that draw value from the social context will show more pronounced effects of the prestige on decisions. Hence, this study sets a foundation for the theory and practice in other projects, organizations, sectors and nations.

中文翻译:

生物制药领域研发项目决策生态与风险承担的声誉

知识型组织在其创新项目中提出了创新项目“范围-风险悖论”。一方面,更大范围的不确定性为他们提供了将责任委托给环境的机会;另一方面,较高的风险回报评估会阻碍他们的抱负。本文提出了一个解决方案:决策生态的声望在范围决策中夸大了奖励并降低了风险。研发 (R&D) 项目的这种决策生态系统由五个声望因素组成:(a) 技术,(b) 特定组织,(c) 国籍,(d) 时间性和 (f) 结构性。这些上下文元素的高声望意味着它们会影响感知的回报与风险比率。高声望预示着高风险承担,从而导致创新项目的范围更广。证据支持技术声望、组织声望、时间声望和结构声望有助于临床试验中研发项目更广泛的范围决策。但是,项目国籍没有区别。总体而言,我们得出结论,基于情境声望的解释性决策会影响生物制药领域的研发项目;因此,这些生态因素的声望在其他学科中应该很重要。从社会背景中获取价值的其他学科将显示出声望对决策的更显着影响。因此,本研究为其他项目、组织、部门和国家的理论和实践奠定了基础。时间声望和结构声望有助于临床试验中研发项目更广泛的范围决策。但是,项目国籍没有区别。总体而言,我们得出结论,基于情境声望的解释性决策会影响生物制药领域的研发项目;因此,这些生态因素的声望在其他学科中应该很重要。从社会背景中获取价值的其他学科将显示出声望对决策的更显着影响。因此,本研究为其他项目、组织、部门和国家的理论和实践奠定了基础。时间声望和结构声望有助于临床试验中研发项目更广泛的范围决策。但是,项目国籍没有区别。总体而言,我们得出结论,基于情境声望的解释性决策会影响生物制药领域的研发项目;因此,这些生态因素的声望在其他学科中应该很重要。从社会背景中获取价值的其他学科将显示出声望对决策的更显着影响。因此,本研究为其他项目、组织、部门和国家的理论和实践奠定了基础。我们得出结论,基于情境声望的解释性决策影响生物制药领域的研发项目;因此,这些生态因素的声望在其他学科中应该很重要。从社会背景中获取价值的其他学科将显示出声望对决策的更显着影响。因此,本研究为其他项目、组织、部门和国家的理论和实践奠定了基础。我们得出结论,基于情境声望的解释性决策影响生物制药领域的研发项目;因此,这些生态因素的声望在其他学科中应该很重要。从社会背景中获取价值的其他学科将显示出声望对决策的更显着影响。因此,本研究为其他项目、组织、部门和国家的理论和实践奠定了基础。
更新日期:2022-04-21
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