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| System Dynamic Analysis of the Effect of Incentive Mechanism on Knowledge Transfer in Start-up |
| Li Chunfa,Zhao Lesheng |
| School of Management, Tianjin University of Technology, Tianjin 300384, China |
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Abstract The predominant role that incentive mechanism plays in knowledge transfer of a start-up is attracting widely attention. This paper divides incentive mechanism into intrinsic incentive and extrinsic incentive based on the management theory and incentive theory, then builds a system dynamic model of the effect of incentive mechanism on knowledge transfer. Using Vensim software, this paper simulates and analyzes the influence that working value and psychological contract as intrinsic incentive, stock ownership incentive and salary incentive as extrinsic incentive would have on knowledge transfer in a start-up. After that, this paper verifies the sensibility of these two different kinds of incentive mechanism and the interaction effects' influence on knowledge transfer. The results show that these two kinds both can have positive impact on start-up knowledge transfer, and there are complementary and coupling effect of them, the decision support of designing incentive mechanism to promote start-up knowledge transfer performance can be proposed accordingly.
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Received: 22 November 2016
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Corresponding Authors:
Li Chunfa
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