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R&D Portfolio Management: Integrated Technology Roadmapping Tool to Aid the Decision-Making of R&D Investments

In: MANAGING TECHNOLOGICAL INNOVATION Tools and Methods

Author

Listed:
  • Husam Arman
  • Nabil Gindy
  • Mohammad Kabli
  • Shirley Cavin

Abstract

Aligning R&D projects to the strategic objectives of every advanced technology firm is one of the important issues for the decision-makers in these firms. Several criteria’s are involved when R&D proposals are evaluated and the projects are selected. However, it is usually the criteria of financial returns, technology alignment, and probability of success that has a greater weight of importance. Technological innovation has been an important driver for competitive success in many industries (Schilling, 2012). For advanced-technology firms, the shorter product life cycles, and global competitions have increased the importance of R&D and consequently the interest in R&D portfolio selection methods. Robust assessment of innovation potential of technologies is essential before investment decision (Dereli and Altun, 2013). At the present time, investments in R&D project if not done properly could lead to wastage of large amount of resources or even bring down the enterprise (Heidenberger and Stummer, 1999).

Suggested Citation

  • Husam Arman & Nabil Gindy & Mohammad Kabli & Shirley Cavin, 2017. "R&D Portfolio Management: Integrated Technology Roadmapping Tool to Aid the Decision-Making of R&D Investments," World Scientific Book Chapters, in: Tugrul U Daim (ed.), MANAGING TECHNOLOGICAL INNOVATION Tools and Methods, chapter 8, pages 173-194, World Scientific Publishing Co. Pte. Ltd..
    • Handle: RePEc:wsi:wschap:9789813207271_0008
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    More about this item

    Keywords

    Technology Management; Innovation; R&D Management;
    All these keywords.

    JEL classification:

    • O32 - Economic Development, Innovation, Technological Change, and Growth - - Innovation; Research and Development; Technological Change; Intellectual Property Rights - - - Management of Technological Innovation and R&D

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