Internal research & development markets : with 40 tables

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. The efficient allocation of scarce R&D resources is therefore one of the central challenges for each company. This is especially true for the allocation of human resources and budgets on R&D projects. But, how could and should scarce resources be allocated on competing R&D projects? Traditionally the resources for R&D projects are allocated via planning- and budgeting procedures, evaluation methods and hierarchical decision-committees. An alternative to such hierarchical decision procedures is the resource allocation via internal markets. Previous studies have mainly been concerned with hierarchical forms of R&D resource allocation, but they disregarded the potential of implementing internal R&D markets. TOC:Introduction.- Literature review.- Methodology.- Findings of the case studies (cross-case analysis).- Findings of the survey.- Findings of the group interviews.- Conclusions.- Appendix 1 - Case studies.- Appendix 2 Questionnaire.- Appendix 3 - Abstract.