In times of global markets, increasing competition and short product life cycles the effective and efficient management of industrial research and development (R and D) activities is of central importance for companies as well as for the whole economy. Traditionally the resources for R and D projects are allocated via planning- and budgeting procedures, evaluation methods and hierarchical decision-committees. This book presents resource allocation via internal markets as an alternative to such hierarchical decision procedures. It appears that the implementation of internal R and D markets has positive effects on the effectiveness and efficiency of internal R and D resource allocation processes. Internal R and D markets can help to overcome the weaknesses of traditional hierarchical structures, since they are characterised by short communication and decision procedures and thus contribute to the reduction of information asymmetries.
| ISBN: | 9783790817287 |
| Publication date: | 7th June 2006 |
| Author: | Eric Kasper |
| Publisher: | Physica an imprint of Physica-Verlag HD |
| Format: | Paperback |
| Pagination: | 333 pages |
| Series: | Contributions to Management Science |
| Genres: |
Business innovation Organizational theory and behaviour Economics of industrial organization Economics |
In times of global markets, increasing competition and short product life cycles the effective and efficient management of industrial research and development (R and D) activities is of central importance for companies as well as for the whole economy. Traditionally the resources for R and D projects are allocated via planning- and budgeting procedures, evaluation methods and hierarchical decision-committees. This book presents resource allocation via internal markets as an alternative to such hierarchical decision procedures. It appears that the implementation of internal R and D markets has positive effects on the effectiveness and efficiency of internal R and D resource allocation processes. Internal R and D markets can help to overcome the weaknesses of traditional hierarchical structures, since they are characterised by short communication and decision procedures and thus contribute to the reduction of information asymmetries.
Internal Research & Development Markets features in the following genres: Business innovation, Organizational theory and behaviour, Economics of industrial organization, Economics
Internal Research & Development Markets is available in Paperback
Internal Research & Development Markets was written by Eric Kasper and published by Physica an imprint of Physica-Verlag HD
Internal Research & Development Markets has 333 pages
Yes it is part of Contributions to Management Science series