IMPROVEMENT OF R&D PERFORMANCE MANAGEMENT– A CASE STUDY APPROACH

Result code in IS VaVaI

<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F27116786%3A_____%2F21%3AN0000001" target="_blank" >RIV/27116786:_____/21:N0000001 - isvavai.cz</a>

Result on the web

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DOI - Digital Object Identifier

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Result language

angličtina

Original language name

IMPROVEMENT OF R&D PERFORMANCE MANAGEMENT– A CASE STUDY APPROACH

Original language description

Introduction: New technologies, innovations and sustainable solutions are essential to fulfil the goals of the European Green Deal (EU, 2019). Meanwhile, the requirements for efficient allocation of resources to knowledge, innovations and, in particular, to R&D are becoming ever more demanding (Khoshnevis & Teirlinck, 2018). With expanding population and production, there is growing pressure on the use of biological resources the consumption of which is already reaching its capacity limits. Therefore, the European Commission has updated its priorities and measures for R&D support in the bioeconomy area (EU, 2018). With new challenges, there are ever-increasing demands on R&D management systems. It is therefore a current and important task for managers to choose and implement appropriate R&D management system according to the character of R&D (basic research, experimental development etc.; including the particular type of R&D projects); the implemented R&D management system shall support a smooth coordination with all other business activities and also support implementation of strategic objectives (Chiesa et al., 2009; Khoshnevis & Teirlinck, 2018). Although a lot of studies dedicated to R&D management methods there are available (Guo, Wang & Wei, 2018; Chiesa et al., 2009; Khoshnevis & Teirlinck, 2018), there are notable issues of R&D performance management that are not sufficiently covered by the literature (Salimia & Rezaeib, 2018). The aim of this paper is to modify the Balanced Scorecard (hereinafter only “BSC”) framework to improve the R&D performance management in a selected company using a case study approach. New technologies, innovations and sustainable solutions are essential for achieving companies’ strategic objectives. Meanwhile, the requirements for efficient allocation of resources to knowledge, innovations and, in particular, research and development (hereinafter only “R&D”) are becoming ever more demanding. The goal of this paper is to modify the Balanced Scorecard (hereinafter only “BSC”) framework to improve the R&D performance management in a selected company using a case study approach. This paper is delivering recommendations how to manage R&D performance with a respect to the character of business activity and strategic objectives of the case company. This paper is also offering recommendations on managing R&D activities using the example of a SME conducting bio-economy-related R&D activities.

Czech name

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Czech description

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Type

D - Article in proceedings

CEP classification

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OECD FORD branch

50204 - Business and management

Project

<a href="/en/project/TL02000356" target="_blank" >TL02000356: Application of research methods in the systematic identification of potential, setting up and consolidating links between the business sphere and the research infrastructure</a><br>

Continuities

P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year

2021

Confidentiality

S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection

Proceedings of the 8th international conference Innovation management, entreprenurship and susstainability (IMES 2020)

ISBN

978-80-245-2378-1

ISSN

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e-ISSN

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Number of pages

10

Pages from-to

294-303

Publisher name

Oeconomica publishing house Praha

Place of publication

Praha

Event location

Praha

Event date

May 28, 2020

Type of event by nationality

EUR - Evropská akce

UT code for WoS article

000589725700024