The importance of complementary assets in the development of smart technology

Article Abstract:

The Smart Structures Research Institute (SSRI) was established in 1991 at the University of Strathclyde in Scotland to stimulate the development of smart technologies such as optoelectronics, sensors and molecularly intelligent materials. An audit of the institute was conducted to assess its chances for success in developing smart products and in bringing these products to the market. The audit showed that collaboration, establishment of communication networks and using various funding schemes are essential components of the dynamics of technological innovations.

Research, Product development, Technological innovations, Intelligent devices, Intelligent machines, Smart materials

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Japan's R&D strategy reconsidered: departure from the manageable risks

Article Abstract:

An analysis of R&D project management in Japanese high-technology firms in the 1980s revealed a stable multiplier of 1.25 between R&D investments and capital investments. This indicates that Japanese firms have invested in R&D projects that offered fixed and manageable risks in the potential for success and size of prospective markets. With the decline of demand expansion in the 1990s, however, Japanese firms had to accept broader R&D agendas and longer R&D lead times to develop extraordinary innovations.

Japan, Science and technology policy, Corporations, Japanese

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The implications of TQM for R&D strategy in New Zealand firms

Article Abstract:

The integration of total quality management (TQM) in the R&D departments of New Zealand firms indicated the need for changes in R&D activities, particularly in competitive benchmarking. TQM increases quality and sensitivity to competition by incorporating the members from marketing, engineering, finance and operations in R&D activities. It also improves completion time by reducing the time cycle and enables the companies to invest more time and resources to innovation.

Management, Total quality management

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