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