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Internal Research & Development Markets by Eric Kasper

Internal Research & Development Markets

by Eric Kasper
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Book cover type: Paperback
  • ISBN13: 9783790817287
  • Binding: Paperback
  • Subject: N/A
  • Publisher: Springer
  • Publisher Imprint: Physica-Verlag
  • Publication Date:
  • Pages: 333
  • Original Price: EUR 99.99
  • Language: English
  • Edition: 2006
  • Item Weight: 526 grams
  • BISAC Subject(s): Management Science, Economics / General, and Strategic Planning

From the Back Cover

In times of global markets, increasing competition and short product life cycles the effective and efficient management of industrial research and development (R&D) activities is of central importance for companies as well as for the whole economy. Traditionally the resources for R&D projects are allocated via planning- and budgeting procedures, evaluation methods and hierarchical decision-committees. This book presents resource allocation via internal markets as an alternative to such hierarchical decision procedures. It appears that the implementation of internal R&D markets has positive effects on the effectiveness and efficiency of internal R&D resource allocation processes. Internal R&D markets can help to overcome the weaknesses of traditional hierarchical structures, since they are characterised by short communication and decision procedures and thus contribute to the reduction of information asymmetries.

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