R&D Management Practices and Innovation: Evidence from a Firm Survey

It provides a detailed account of firms research and development (R&D) management practices and their association with innovation success.
The book examines four aspects of R&D management: organizational structure, project management, compensation, and risk preferences.
It investigates whether R&D management practices are linked to the likelihood of firms success in making product innovations and the choice between explorative and exploitative innovation.

Format: Paperback / softback
Length: 99 pages
Publication date: 17 March 2022
Publisher: Springer Verlag, Singapore

This book provides a comprehensive account of firms' research and development (R&D) management practices, examining the relationship between R&D management practices and the success and nature of innovation. While there is widespread recognition of innovation's importance for firm growth, few studies have systematically investigated the specific actions taken by firms in their R&D management to foster innovation. Drawing upon insights from theoretical and empirical studies on innovation, the authors focus on four key aspects of R&D management: organizational structure, staged project management, compensation and incentive schemes, and risk preferences and corporate culture.

The authors investigate whether and how R&D management practices are associated with the likelihood of firms achieving success in developing product innovations and the choice between explorative and exploitative innovation. The book offers valuable insights that can serve as a reference for future theoretical and empirical analyses of R&D management practices and innovation. It is highly recommended for academics and practitioners interested in gaining a deep understanding of R&D management and its impact on innovation.

Introduction:
Innovation has become a crucial driver of economic growth and competitiveness in today's global marketplace. While there is wide agreement that innovation is a key determinant for firms' success, there are limited studies that systematically examine what firms do in their research and development (R&D) management to create innovation. This book aims to fill this gap by providing a detailed account of firms' R&D management practices and their association with the success and nature of innovation.

Research Methodology:
To achieve this objective, the authors conducted a unique survey of firms in Japan. The survey was designed to capture a comprehensive range of R&D management practices and their impact on innovation. The survey was administered to a sample of firms across various industries in Japan, including both large and small enterprises. The responses were analyzed using statistical techniques to identify patterns and relationships between R&D management practices and innovation outcomes.

Key Findings:
The book reveals several key findings regarding firms' R&D management practices and their association with innovation. Firstly, the authors find that R&D management practices play a significant role in shaping the success and nature of innovation. Organizational structure, staged project management, compensation and incentive schemes, and risk preferences and corporate culture are all important factors that influence the ability of firms to innovate.

Secondly, the authors observe that different types of innovation require different R&D management practices. For example, explorative innovation requires a more open and collaborative R&D environment, while exploitative innovation requires a more focused and disciplined approach. The authors suggest that firms should tailor their R&D management practices to the specific needs of their innovation projects.

Thirdly, the authors identify several factors that influence the association between R&D management practices and innovation outcomes. These factors include the level of investment in R&D, the quality of R&D personnel, the level of collaboration between R&D teams, and the level of risk tolerance within the firm.

Conclusion:
In conclusion, this book provides a valuable contribution to the literature on R&D management and innovation. It offers a comprehensive account of firms' R&D management practices and their association with the success and nature of innovation. The findings of the study provide valuable insights for academics, practitioners, and policymakers interested in understanding the factors that drive innovation and how firms can optimize their R&D management practices to achieve better innovation outcomes.

Weight: 185g
Dimension: 235 x 155 (mm)
ISBN-13: 9789811697968
Edition number: 1st ed. 2022