TY - GEN
T1 - Classification of R&D activities in industrial environments
AU - Elizondo-Noriega, A.
AU - Tiruvengadam, N.
AU - Güemes-Castorena, D.
AU - Tercero-Gómez, V. G.
AU - Beruvides, M. G.
N1 - Publisher Copyright:
© 2019 IISE Annual Conference and Expo 2019. All rights reserved.
Copyright:
Copyright 2020 Elsevier B.V., All rights reserved.
PY - 2019
Y1 - 2019
N2 - Despite R&D having long been identified by firms as a critical investment because of its relationship with innovation, there is still much to be learned about this activity and its effect. For instance, most firms report R&D expenditures as an aggregated value, as a percentage of either revenues or profit. However, the granular level allocation of R&D investments is typically unknown or not tracked. The most common perception is that R&D expenditures are apportioned to technology development, which will then eventually lead to new product development. However, R&D expenditures can be varied and complex, depending on the type and size of the organization and its strategic goals. Therefore, there exists an identified need to classify R&D activities in order to understand R&D expenditures better with the aim of directing toward increased organizational profitability. To address this need, the current work presents thirteen different identified classes for R&D activities in industrial environments. The classification is based on the results obtained through a systematic literature review that follows the State-of-the-Art Matrix protocol. These thirteen identified classes aim to categorize R&D according to functional areas, targeting which an organization can improve its overall competitiveness. Thus, the typology composed by the abovementioned classes lays the foundations for future studies of R&D activities and their effect on organizations.
AB - Despite R&D having long been identified by firms as a critical investment because of its relationship with innovation, there is still much to be learned about this activity and its effect. For instance, most firms report R&D expenditures as an aggregated value, as a percentage of either revenues or profit. However, the granular level allocation of R&D investments is typically unknown or not tracked. The most common perception is that R&D expenditures are apportioned to technology development, which will then eventually lead to new product development. However, R&D expenditures can be varied and complex, depending on the type and size of the organization and its strategic goals. Therefore, there exists an identified need to classify R&D activities in order to understand R&D expenditures better with the aim of directing toward increased organizational profitability. To address this need, the current work presents thirteen different identified classes for R&D activities in industrial environments. The classification is based on the results obtained through a systematic literature review that follows the State-of-the-Art Matrix protocol. These thirteen identified classes aim to categorize R&D according to functional areas, targeting which an organization can improve its overall competitiveness. Thus, the typology composed by the abovementioned classes lays the foundations for future studies of R&D activities and their effect on organizations.
KW - Classification
KW - Organization of classes
KW - Research and development
KW - Review of the literature
UR - http://www.scopus.com/inward/record.url?scp=85095431259&partnerID=8YFLogxK
M3 - Conference contribution
AN - SCOPUS:85095431259
T3 - IISE Annual Conference and Expo 2019
BT - IISE Annual Conference and Expo 2019
PB - Institute of Industrial and Systems Engineers, IISE
Y2 - 18 May 2019 through 21 May 2019
ER -