FIRMS WITH ADAPTABILITY LEAD A WAY TO INNOVATIVE DEVELOPMENT

Akihisa Yamada and Chihiro Watanabe
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Akihisa Yamada: Department of Ind. Engineering & Management, Institute of Technology, Tokyo, Japan
Chihiro Watanabe: Department of Ind. Engineering & Management, Institute of Technology, Tokyo, Japan

Chapter 25 in Challenges in the Management of New Technologies, 2007, pp 367-379 from World Scientific Publishing Co. Pte. Ltd.

Abstract: AbstractIt goes without saying that the majority of the results of R&D have not necessarily commercialized. It's also pointed that R&D activities need to be diversified to produce high-added value products and services. However, firms face a dilemma about the simultaneous solution in efficiency and diversification of R&D because of the trade-off between them. In order to find the optimal solution to these questions, firms must choose their R&D subjects carefully. This will involve adoption of new and emerging R&D subjects and suspension of existing or irrelevant ones, derived from continually changing market needs and technology trends. This paper discusses the R&D activities of Japanese firms, based on the hypothesis that firms need to be adaptable when selecting R&D subjects to produce products and services effectively and continuously. R&D adaptability is defined as the capability to adapt businesses to the environment by responding to technological opportunities flexibly and by selecting R&D subjects correctly with self-assessment. Comparative empirical analyses are conducted focusing on the co-evolution between such adaptability and the institutions in selected countries. In addition, analyses are also conducted to identify the institutional factors governing the competitiveness of these countries.

Keywords: Management of Technology; Innovation Process; Knowledge Management; Cross-Border Collaboration; Interdisciplinary Collaboration; Indicators for Measuring Innovation; Business in High-Tech Industry; Sustainability; Social Aspects of Technology Management (search for similar items in EconPapers)
Date: 2007
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