Abstract
A case study was made for evaluation of R&D management policies by comparing costs and contribution to the corporate performance on 100 samples of R&D activities. The strategic importance and originality of the R&D subjects were evaluated. A new R&D portfolio was developed and applied to the case study results. The "strategic" score showed high correlation with sales, and found to be a useful measure in research management. The R&D subjects which experienced increase in the "strategic" and "originality" scores received high evaluations also in the portfolio analysis. A portfolio management method was proposed in which R&D subjects are regularly assessed using the new portfolio to maintain the optimum allocation of management resources to each R&D activity.