Resource title

Portfolio management of R&D projects - Implications for innovation management

Resource image

image for OpenScout resource :: Portfolio management of R&D projects - Implications for innovation management

Resource description

Globalization of markets and new business practices are prompting high-tech firms toreconsider their competitive strategy. The increasing complexity of technologies inaddition to shorter product life cycles are also forcing firms to rely on R&D as a sourceof strategy. More importantly, firms are inclined to evaluate their technologies from aportfolio’s perspective in which a set or a sub-set of R&D projects is evaluated together,in relation to each other. Portfolio techniques can help strategic managers in evaluatingwhether a portfolio of products is adequate from the perspective of long-term corporategrowth and profitability. Obviously, when R&D projects are evaluated relative to oneanother, technical capability management of such projects must be carried outconcurrently. In this paper, R&D Project Portfolio Matrix is used as a tool foranalyzing a portfolio of R&D projects by linking competitive advantages of a firm tobenefits these projects may provide to customers. Examples of batteries for electricvehicles (EV) and hybrid electric vehicles (HEV) are provided to illustrate how suchmatrix is used, and what are some of the implications for innovation management ofsuch projects.

Resource author

Juliana Hsuan Mikkola

Resource publisher

Resource publish date

Resource language

eng

Resource content type

application/pdf

Resource resource URL

http://hdl.handle.net/10398/6924

Resource license

Check the according license before adaptation. When adapting give credits to the original author.