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Prioritizing Corporate R&D Capabilities: The Intellectual Capital Perspective
Abstract
This chapter examines a comprehensive list of intellectual capital (IC)-related indicators for developing corporate R&D capabilities along the input-process-result (IPR) processes. Via factor analysis, 43 R&D related IC indicators were abstracted into 11 factors. Corporate R&D managers prioritized these IC factors by completing analytical hierarchy process (AHP) questionnaires. The results of AHP are as follows: (1) the result phase is the pivotal of developing corporate R&D capabilities in three phases, (2) the top three weighting factors are the relational and process capitals (cost effectiveness to customers) in the result phase, followed by organizational capital (strategy fitness) in the input phase, and human capital (competency of R&D personnel) in the input phase; (3) strategy fitness in the input phase, project execution capability in the process phase; and cost effectiveness to customers in the result phase is the most crucial IC capabilities. Some discussions and conclusions were drawn.
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