R&D Portfolio Management: Integrated Technology Roadmapping Tool to Aid the Decision-Making of R&D Investments

Husam Arman, Nabil Gindy, Mohammad Kabli and Shirley Cavin

Chapter 8 in Managing Technological Innovation:Tools and Methods, 2017, pp 173-194 from World Scientific Publishing Co. Pte. Ltd.

Abstract: Aligning R&D projects to the strategic objectives of every advanced technology firm is one of the important issues for the decision-makers in these firms. Several criteria’s are involved when R&D proposals are evaluated and the projects are selected. However, it is usually the criteria of financial returns, technology alignment, and probability of success that has a greater weight of importance. Technological innovation has been an important driver for competitive success in many industries (Schilling, 2012). For advanced-technology firms, the shorter product life cycles, and global competitions have increased the importance of R&D and consequently the interest in R&D portfolio selection methods. Robust assessment of innovation potential of technologies is essential before investment decision (Dereli and Altun, 2013). At the present time, investments in R&D project if not done properly could lead to wastage of large amount of resources or even bring down the enterprise (Heidenberger and Stummer, 1999).

Keywords: Technology Management; Innovation; R&D Management (search for similar items in EconPapers)
JEL-codes: O32 (search for similar items in EconPapers)
Date: 2017
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