Skip to main content

Method of Simplified Evaluation of the Commercial Potential of R&D Projects

  • Conference paper
The Essence and Measurement of Organizational Efficiency

Part of the book series: Springer Proceedings in Business and Economics ((SPBE))

  • 1099 Accesses

Abstract

The paper reviews selected approaches and methods for assessing R&D projects useful for effective innovation management. It presents a method of simplified assessment based on the concept of the threshold (minimum) value of economic effects, i.e. the value covering capitalised project expenditures constituting the basis for estimating the rate of economic efficiency for variants of the implementation of R&D projects. The lower the rate of economic effects based on their threshold value, the more efficient the R&D project is. The usefulness of the proposed method is assessed based on the example of a research unit conducting activities in the area of advanced research and development of technical solutions and their deployment in the field of electro-technical equipment and systems. The presented method of evaluation of R&D projects can be used in the initial assessment of the project, at the phase of preparation of the project concept when the research unit seeks to choose variants of implementation, as well as at various stages of project implementation (at R&D project checkpoints) when the research unit seeks to effectively manage the research process, deciding whether to continue or curtail research activities.

This is a preview of subscription content, log in via an institution to check access.

Access this chapter

Chapter
USD 29.95
Price excludes VAT (USA)
  • Available as PDF
  • Read on any device
  • Instant download
  • Own it forever
eBook
USD 84.99
Price excludes VAT (USA)
  • Available as EPUB and PDF
  • Read on any device
  • Instant download
  • Own it forever
Softcover Book
USD 109.99
Price excludes VAT (USA)
  • Compact, lightweight edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info
Hardcover Book
USD 109.99
Price excludes VAT (USA)
  • Durable hardcover edition
  • Dispatched in 3 to 5 business days
  • Free shipping worldwide - see info

Tax calculation will be finalised at checkout

Purchases are for personal use only

Institutional subscriptions

References

  • Achleitner A-K, Lutz E (2005) First Chicago method: alternative approach to valuing innovative start-ups in the context of venture capital financing rounds. Betriebswirtsch Forsch Prax 57(4):333–347

    Google Scholar 

  • Bana e Costa C, Thore S (2002) The many dimensions of an R&D project: multi-criteria analysis. In: Thore S (ed) Technology commercialization: DEA and related analytical methods for evaluating the use and implementation of technical innovation. Kluwer, Boston

    Google Scholar 

  • Bandarian R (2007) Evaluation of commercial potential of a new technology at the early stage of development with fuzzy logic. J Technol Manag Innov 2(4):73–85

    Google Scholar 

  • Berg S (2010) Water utility benchmarking: measurement, methodologies, and performance incentives. IWA, London

    Google Scholar 

  • Chaston I (2010) Entrepreneurial management in small firms. Sage, London

    Google Scholar 

  • Christensen CM, Kaufman SP, Shih WC (2008) Innovation killers. Harv Bus Rev 86(1):98–105

    Google Scholar 

  • Cooper RG (2005) Product leadership. Pathways to profitable innovation. Basic Books, New York

    Google Scholar 

  • Day GS (2007) Is it real? Can we win? Is it worth doing? Managing risk and reward in an innovation portfolio. Harv Bus Rev 85(12):110–120

    Google Scholar 

  • Harvard Business Essentials (2005) Zarządzanie kreatywnością i innowacją. MT Biznes, Warszawa

    Google Scholar 

  • Heidenberger K, Stummer C (1999) Research development project selection and resources allocation: a review of quantitative modeling approaches. Int J Manag Rev 1(2):197–224

    Article  Google Scholar 

  • Mazurkiewicz A, Belina B, Giesko T, Karsznia W (2013) Operational system for the assessment of the implementation maturity level of technical innovations. Maint Probl 4:1–5

    Google Scholar 

  • Mazzarol T (2011) Entrepreneurship and innovation. Tilde University Press, Prahran

    Google Scholar 

  • Rostek K (2014) Modeling commercial potential of innovative projects. Int Rev Manag Bus Rev 3(1):77–95

    Google Scholar 

  • Stawasz E, Stos D (2011) Selected aspects of the valuation of innovative undertakings. Oper Res Decis 3–4:57–68

    Google Scholar 

  • Stawasz E, Głodek P, Stos D, Stos-Roman A (2013) Metody analizy potencjału wdrożeniowego i komercyjnego innowacyjnego produktu technicznego lub procesu technologicznego. Uniwersytet Łódzki, Lodz

    Google Scholar 

  • Thomke S (2001) Enlightened experimentation: the new imperative for innovation. Harv Bus Rev 79(2):67–75

    Google Scholar 

  • Thore SA (ed) (2002) Technology commercialization: DEA and related analytical methods for evaluating the use and implementation of technical innovation. Kluwer, Boston

    Google Scholar 

  • Tidd J, Bessant J, Pavitt K (2005) Managing innovation: integrating technological, market and organizational change, 3rd edn. Wiley, Hoboken

    Google Scholar 

  • Tritle GL, Scriven EFV, Fusfeld AR (2000) Resolving uncertainty in R&D portfolios. Res Technol Manag 43(6):47–55

    Google Scholar 

  • Valderrama TG, Groot TLCM (2002) Controlling the efficiency of university research in the Netherlands. In: Thore S (ed) Technology commercialization: DEA and related analytical methods for evaluating the use and implementation of technical innovation. Kluwer, Boston

    Google Scholar 

  • Wang J, Lin W, Huang Y-H (2010) A performance-oriented risk management framework for innovative R&D projects. Technovation 11–12:601–611

    Article  Google Scholar 

Download references

Author information

Authors and Affiliations

Authors

Corresponding author

Correspondence to Edward Stawasz .

Editor information

Editors and Affiliations

Rights and permissions

Reprints and permissions

Copyright information

© 2016 Springer International Publishing Switzerland

About this paper

Cite this paper

Stawasz, E., Stos, D. (2016). Method of Simplified Evaluation of the Commercial Potential of R&D Projects. In: Dudycz, T., Osbert-Pociecha, G., Brycz, B. (eds) The Essence and Measurement of Organizational Efficiency. Springer Proceedings in Business and Economics. Springer, Cham. https://doi.org/10.1007/978-3-319-21139-8_16

Download citation

Publish with us

Policies and ethics