Internal Research & Development Markets

Internal Research & Development Markets

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Traditionally resources for R and 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. Internal R and 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.In addition to the regular budget there exists also an innovation fund for the short- term financing of projects during the year. ... The actual budgeting process, however, starts with the generation of ideas in certain potential areas. ... E) Potential starting points for an internal Raamp;D market The premium supplier in the automobile sector have the problem that the breakthrough-innovations are usually firstly usedanbsp;...

Title:Internal Research & Development Markets
Author:Eric Kasper
Publisher:Springer Science & Business Media - 2006-10-13


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