A blog about creating and running successful innovation processes

Category: New product development


Performance measures and management control in new product development

Approximate reading time: 2-3 min. An explorative study was conducted to investigate financial management with focus on performance measurements in product development. The study focused on three aspects of management control which managers for product development consider to be important. These aspects were: 1. Product development’s…

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Management control systems design in new product development

Approximate reading time: 3-5 min. What are the affects of management control systems design in product development? How do companies customize their management control systems according to the specific characteristics of each product development project? A study attempted to clarify this issue. The study investigated…

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Control systems under different innovation management modes

Estimated reading time: 4-6 minutes. One study focused on the relationships between management accounting and control systems (MACS) under different innovation management modes. The study focused the importance of the choice by which individual MACS are selected for interactive (as opposed to diagnostic) use.   Empirical data…

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Resource allocation and innovations

It is widely known that introducing new products into the marketplace is essential to a company’s competitive position and long-term survival. One study investigated the new product performance of a large number of North American and European business units and various best business practices that…

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Control in research and development

The literature on the management of R&D professionals strongly advocates managing R&D projects on a project-by-project basis. This literature suggests that projects should be managed differently depending upon project characteristics such as risk, ambiguity, and nonroutineness. While the primary emphasis of the R&D professional literature…

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