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Method of Simplified Evaluation of the Commercial Potential of R&D Projects

In: The Essence and Measurement of Organizational Efficiency

Author

Listed:
  • Edward Stawasz

    (University of Lodz)

  • Daniel Stos

    (University of Lodz)

Abstract

The paper reviews selected approaches and methods for assessing R&D projects useful for effective innovation management. It presents a method of simplified assessment based on the concept of the threshold (minimum) value of economic effects, i.e. the value covering capitalised project expenditures constituting the basis for estimating the rate of economic efficiency for variants of the implementation of R&D projects. The lower the rate of economic effects based on their threshold value, the more efficient the R&D project is. The usefulness of the proposed method is assessed based on the example of a research unit conducting activities in the area of advanced research and development of technical solutions and their deployment in the field of electro-technical equipment and systems. The presented method of evaluation of R&D projects can be used in the initial assessment of the project, at the phase of preparation of the project concept when the research unit seeks to choose variants of implementation, as well as at various stages of project implementation (at R&D project checkpoints) when the research unit seeks to effectively manage the research process, deciding whether to continue or curtail research activities.

Suggested Citation

  • Edward Stawasz & Daniel Stos, 2016. "Method of Simplified Evaluation of the Commercial Potential of R&D Projects," Springer Proceedings in Business and Economics, in: Tadeusz Dudycz & Grażyna Osbert-Pociecha & Bogumiła Brycz (ed.), The Essence and Measurement of Organizational Efficiency, pages 263-279, Springer.
    • Handle: RePEc:spr:prbchp:978-3-319-21139-8_16
    DOI: 10.1007/978-3-319-21139-8_16
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