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Smart Organization : Creating Value Through Strategic R&D

Smart Organization : Creating Value Through Strategic R&D - 98 edition

ISBN13: 978-0875847658

Cover of Smart Organization : Creating Value Through Strategic R&D 98 (ISBN 978-0875847658)
ISBN13: 978-0875847658
ISBN10: 087584765X
Cover type:
Edition: 98
Copyright: 1998
Publisher: Harvard Business School Press
Published: 1998
International: No

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Smart Organization : Creating Value Through Strategic R&D - 98 edition

ISBN13: 978-0875847658

James Matheson and David Matheson

ISBN13: 978-0875847658
ISBN10: 087584765X
Cover type:
Edition: 98
Copyright: 1998
Publisher: Harvard Business School Press
Published: 1998
International: No
Summary

Why do some firms continually make poor R&D decisions while others can deliver a stream of successful products and services? According to the Mathesons, successful firms have internalized the nine interlocking principles of "smart R&D"--the building blocks of a corporate culture that emphasize making the right strategic decisions at the right times, and aligning organizational practices to support these decisions and sustain their results. The nine principles include embracing uncertainty, opening information flows, and encouraging systems thinking. Once in place, these values enable companies to make appropriate choices about their R&D planning, portfolio management, and project strategies. The authors stress the importance of evaluating trade-offs, investigating alternatives, and getting buy-in across functions to ensure that decisions will be viable from both technological and managerial perspectives. They use "best practice" examples from companies including General Motors, Pilkington Glass, and BankOne of Ohio to demonstrate that the methods used to enrich R&D planning can be applied more broadly to create, in effect, the smart organization.

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