Purpose – According to the literature, on an average, it takes around three to four years to develop a new product and about 50 percent of the costs incurred in product development (PD) tend to be spent on waste that occurs during the PD process. Hence, organizations are implementing various...

Purpose – The purpose of this paper is to demonstrate modularity degree in terms of interfaces and innovation. Design/methodology/approach – The research objective is achieved through a modeling approach for deciding modular architecture and its implementation regarding unique components and...

Purpose – Most development processes have the effect of putting innovation in a straitjacket. This is because they encourage heavy up‐front planning followed by sticking to the plan, which imposes considerable constraint on change during a project. Unfortunately, change in product...

Purpose – This paper proposes a relationship between decision making and key qualities of business systems. Design/methodology/approach – The authors explore the relationship between decision making and systems by contrasting the decision making in two well‐known systems: MRP and JIT. The...

Purpose – Managers' attention is a scarce resource in complex innovation settings. Prior research on the factors to which managers pay attention is mostly based on surveys. The present study aims to address the need for knowledge about the behavior of decision makers based on observations from...

Purpose The purpose of this paper is to highlight possible hidden risks when allocating multi-skilled human resources to teams working in a multi-project environment. Are allocation strategies maximizing the use of skills for each project, the only way to improve the chances of all projects...

This paper proposes an intertemporal model of venture capital investment with screening and advising where the venture capitalist's time endowment is the scarce input factor. Screening improves the selection of firms receiving finance, advising allows firms to develop a marketable product, both...