The importance of R&D for future success is widely accepted however there are no widely accepted performance measurement standards.
Researchers from INSEAD worked with the research group of the diamond producer GemStone to develop a research performance measurement system that is appropriate for risky projects such as R&D.
The process captures operative measures for R&D from the company strategy to ensure that it is aligned with corporate objectives.
Read the full paper:
R&D performance measures that are linked to strategy, CH Lock, S Tapper, INSEAD, 2000
Recommended by David Probert, post by R&D Today admin