Fostering risk taking in research and development: the importance of a project's terminal value

Article Abstract:

Firms engaged in new product development face a variety of challenges in managing the R&D process, not the least of which is the ambivalent effect of likelihood of success on project decision making. The conflicting effects make it appear that risk taking within organizations do not vary substantially with success likelihood. On the other hand, a high terminal value can have an unequivocally positive impact on risk taking in project decisions such that the team's propensity to take risk improves. Thus, firms can overcome the ambivalent effect of likelihood of success on project decision making by focusing on the terminal value of an R&D project.

Product Development, Decision-making, Decision making, Management, Industrial project management, Project management, Risk (Economics), Risk-taking (Psychology), Risk taking

---

The role of knowledge in resource allocation to exploration versus exploitation in technologically oriented organizations

Article Abstract:

A system dynamics view of the decomposition of research and development (R&D) efforts into explorative and exploitative activities and the resultant knowledge-specific and performance outcomes from the decision to focus on one type of activity or another. Four factors are shown to affect the relative value of innovative knowledge to the organization.

Scientific Research and Development Services, Science, Research & Development, Analysis, Research and development, Knowledge management

---

A framework for facilitating sourcing and allocation decisions for make-to-order items

Article Abstract:

The allocation decisions for made-to-order items as a unit to facilitate sourcing has been presented. A heuristic procedure based on Lagrangian relaxation technique has been developed to solve the problem of buyer's vendor selection.

Usage, Lagrangian functions, Heuristic programming

Similar abstracts:

• Abstracts: Designing teams for speedy product development: the moderating effect of technological complexity. Green and competitive: Influences on environmental new product development performance
• Abstracts: Forecasting practices in accounting, law, and medical professions. Integrating the forecasting process with the supply chain: Bayer Healthcare's journey
• Abstracts: Mentoring: traditional versus developmental. Values-centred leadership - practical tools for SMEs. Beyond the paramedic and into management
• Abstracts: Risk, ambiguity, and decision choice: some additional evidence. An integration of thoughts on knowledge management

This website is not affiliated with document authors or copyright owners. This page is provided for informational purposes only. Unintentional errors are possible.