The Innovation Game: A New Approach to Innovation Management and R&D: A New Approach to Innovation Management and R and D Book

R&D is the single most important investment for any company or any society. Its ultimate product is an innovation. Innovations are on the other side the major propeller for the respective (socio-) economic development of the very company or society. Management science mainly treat R&D and innovations as costs or budgets to be managed, an approach that is in stark contrast to their overwhelming importance. This and the very fact that R&D and innovation success is a by necessity a-priori unknown and thus uncertain ex-post definition is not at all being respected properly up to now. In The Innovation Game La Corre and Mishchke consider R&D and innovation as an inherently risky investment which should be profitable, at least on average. Applying a statistical filter model, the authors are able to describe the R&D- and the innovation-process in great detail, almost like a production process. As a metaphor,the book tries to describe it like the control laws of theRead More