Measuring R&D Effectiveness in Korean Companies

Abstract

OVERVIEW:An integrative measuring scheme for evaluating the effectiveness of R&D departments has been developed and empirically validated for 28 Korean industrial companies based on responses from department managers and workers. Although 25 evaluation criteria were initially chosen, results indicate that 15 could be used without losing much predictive power, thus simplifying the measuring task. This scheme is believed to overcome the difficulties of determining and monitoring R&D effectiveness noted by several authorities.