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This Open Access book provides a detailed account of firms'
research and development (R&D) management practices, and
whether and how R&D management practices are associated with
the success and the nature (explorative or exploitive) of
innovation, using a unique survey of firms in Japan. While there is
wide agreement that innovation is a key determinant for growth of
firms, there are few studies that systematically and quantitatively
investigate what firms do in their R&D management to create
innovation. Utilizing insights from theoretical and empirical
studies on innovation, the authors focus on the following four
aspects of R&D management: the organizational structure of
R&D, staged project management for R&D projects,
compensation and incentive schemes for R&D personnel, and a
firm's risk preferences and corporate culture. The authors examine
whether and how R&D management practices are linked to the
likelihood of firms' success in making product innovations and the
choice between explorative and exploitive innovation. The book
furnishes vital information that can be used as a reference for
future theoretical and empirical analyses of R&D management
practices and innovation. This monograph is highly recommended to
academics and practitioners who seek an in-depth and detailed
analysis of R&D management. This is an open access book.
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