Management of Industrial R&D

The first part of this module will introduce the 3rd-generation R&D practice which is used currently by successful industrial organizations. The strategic role of R&D in innovation, organization issues in R&D and the evaluation of returns and risks will be presented. The second part of this module will introduce the emerging 4th-generation R&D practice which will augment the current practice in addressing news issues due to discontinuous innovation, increasing importance of tacit knowledge and the need to embrace knowledge management in R&D.

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