R&D management theories

R&D management theories focus on how organizations can effectively manage research and development efforts to innovate and succeed. Key concepts include the "Stage-Gate" process, which outlines steps from idea generation to product launch, helping teams evaluate projects at each stage. Another important theory is "Open Innovation," emphasizing collaboration with external partners to enhance creativity and share risks. Additionally, the "Innovation Diffusion" theory explores how new ideas spread within and between organizations. Overall, these theories help companies streamline innovation, allocate resources wisely, and adapt to market changes, ultimately driving growth and competitiveness.