Dealing with Virtual R&D Teams in New Product Development
AbstractNational and global collaboration in research and development (R&D) is becoming increasingly important in creating the knowledge that makes research and business more competitive. Multinational enterprises have increased their research and development (R&D) investment in different countries. These multiple sites encourage the development of more ideas, due to the varied international backgrounds in global networks and the knowledge spillovers. In order to secure the viability of business processes, services and products R&D teams need to access and retrieve information from as many sources as possible. From the other perspective virtual teams are important mechanisms for organizations seeking to control scarce resources across geographic and other boundaries. Moreover, virtual collaboration has become vital for most organizations. This is particularly true in the context of designing new product and innovative services. In this paper all the major aspects of Virtual R&D team are discussed in technical terms. The paper provides an integral definition and characterization of virtual R&D team. The potential value that is created by virtual R&D teams for new product development is explored. Lastly, pertinent practical guidelines and implications are presented.
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Bibliographic InfoPaper provided by University Library of Munich, Germany in its series MPRA Paper with number 27120.
Date of creation: May 2008
Date of revision: Oct 2008
Virtual R&D team; NPD; Technology management;
Find related papers by JEL classification:
- L6 - Industrial Organization - - Industry Studies: Manufacturing
- M12 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Personnel Management; Executive Compensation
- O32 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights - - - Management of Technological Innovation and R&D
- O14 - Economic Development, Technological Change, and Growth - - Economic Development - - - Industrialization; Manufacturing and Service Industries; Choice of Technology
- O1 - Economic Development, Technological Change, and Growth - - Economic Development
- M11 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration - - - Production Management
- L2 - Industrial Organization - - Firm Objectives, Organization, and Behavior
- M1 - Business Administration and Business Economics; Marketing; Accounting - - Business Administration
- P23 - Economic Systems - - Socialist Systems and Transition Economies - - - Factor and Product Markets; Industry Studies; Population
- O3 - Economic Development, Technological Change, and Growth - - Technological Change; Research and Development; Intellectual Property Rights
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- Ale Ebrahim, Nader & Ahmed, Shamsuddin & Abdul Rashid, Salwa Hanim & Taha, Zahari, 2010. "Virtual Collaborative R&D Teams in Malaysia Manufacturing SMEs," MPRA Paper 29177, University Library of Munich, Germany, revised 20 Dec 2010.
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