R&d Management Practices for Explorative Innovation

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.

Shoko Haneda is professor at the Faculty of Commerce, Chuo University, Japan. She also served as visiting researcher at the National Institute of Science and Technology Policy (2011–2020). Her main fields of research are innovation, business economics, and management. She has published papers in Research Policy, Economics of Innovation and New Technology, and other scholarly journals. She received a B.A. in Mathematics from Tsuda University and a Ph.D. in Economics from Tsukuba University.

 

Arito Ono is professor at the Faculty of Commerce, Chuo University, Japan. Prior to joining Chuo University in 2015, he was a senior economist at the Mizuho Research Institute, and a senior economist at the Institute for Monetary and Economic Studies, Bank of Japan (2009–2011). He also served as a member of several working groups at the Financial System Council, Financial Services Agency (2011–2015) and as an advisor at the Research andStatistics Department, Bank of Japan (2015). His main fields of research are banking and corporate finance. He is a coauthor and coeditor of the book titled The Economics of Interfirm Networks and has published academic articles in the International Economic Review, the Journal of Banking & Finance, the Journal of Financial Stability, the Journal of Money, Credit, and Banking, and Real Estate Economics, among others. He received a B.A. in economics from the University of Tokyo in 1991 and a Ph.D. in economics from Brown University in 2001.