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Value‐centered R&D organizations: Ten principles for characterizing, assessing, and managing value

Value‐centered R&D organizations: Ten principles for characterizing, assessing, and managing value The management of R&D organizations has received considerable attention in terms of the nature of the flow from research to development to deployed technology, as well as planning and managing this flow. R&D strategies, innovation funnels, and multistage decision processes, to name just a few constructs, have been articulated and elaborated. This article builds on this foundation to consider the nature of the value created by this process. An options‐based approach is advocated for economic valuation of the products of R&D. Adoption and implementation of this approach is outlined in terms of ten principles for characterizing, assessing, and managing value. © 2004 Wiley Periodicals, Inc.† Syst Eng 7: 167–185, 2004 http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Systems Engineering Wiley

Value‐centered R&D organizations: Ten principles for characterizing, assessing, and managing value

Rouse, William B.; Boff, Kenneth R.
Systems Engineering , Volume 7 (2) – Jan 1, 2004
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References (42)

Publisher
Wiley
Copyright
Copyright © 2004 Wiley Periodicals, Inc.
ISSN
1098-1241
eISSN
1520-6858
DOI
10.1002/sys.20003
Publisher site
See Article on Publisher Site

Abstract

The management of R&D organizations has received considerable attention in terms of the nature of the flow from research to development to deployed technology, as well as planning and managing this flow. R&D strategies, innovation funnels, and multistage decision processes, to name just a few constructs, have been articulated and elaborated. This article builds on this foundation to consider the nature of the value created by this process. An options‐based approach is advocated for economic valuation of the products of R&D. Adoption and implementation of this approach is outlined in terms of ten principles for characterizing, assessing, and managing value. © 2004 Wiley Periodicals, Inc.† Syst Eng 7: 167–185, 2004

Journal

Systems Engineering – Wiley

Published: Jan 1, 2004

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