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The Smart Organization: Creating Value Through Strategic R&D [Hardcover]

David Matheson (Author)

4.8 out of 5 stars See all reviews (4 customer reviews)

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Product Details

Hardcover: 292 pages
Publisher: Harvard Business Press; 1 edition (Oct 1 1997)
Language: English
ISBN-10: 087584765X
ISBN-13: 978-0875847658
Product Dimensions: 24.1 x 16.2 x 2.7 cm
Shipping Weight: 567 g

Average Customer Review: 4.8 out of 5 stars See all reviews (4 customer reviews)

Amazon Bestsellers Rank: #416,671 in Books (See Top 100 in Books)

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Product Description

Review

"If more companies were to act like this, there might be less demand for off-the-peg strategies from consultants." -- The Economist, July 11, 1998

Book Description

Why do some firms continually make poor R&D decisions while others can deliver a stream of successful products and services? According to the Mathesons, successful firms have internalized the nine interlocking principles of smart R&D--the building blocks of a corporate culture that emphasize making the right strategic decisions at the right times, and aligning organizational practices to support these decisions and sustain their results. The nine principles include embracing uncertainty, opening information flows, and encouraging systems thinking. Once in place, these values enable companies to make appropriate choices about their R&D planning, portfolio management, and project strategies. The authors stress the importance of evaluating trade-offs, investigating alternatives, and getting buy-in across functions to ensure that decisions will be viable from both technological and managerial perspectives. They use best practice examples from companies including General Motors, Pilkington Glass, and BankOne of Ohio to demonstrate that the methods used to enrich R&D planning can be applied more broadly to create, in effect, the smart organization.

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Inside This Book (Learn More)

First Sentence
SMART COMPANIES do great things. Read the first page

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Concordance

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Customer Reviews

4 Reviews

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4 star:		(1)
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Average Customer Review

4.8 out of 5 stars (4 customer reviews)

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4.0 out of 5 stars Great book. If you liked the HBR article, you'll love this!, Mar 31 1999

T. Noyes (Charlotte, NC USA) - See all my reviews
(REAL NAME)

This review is from: The Smart Organization: Creating Value Through Strategic R&D (Hardcover)

Frequently organizations face the challange of what not to do. They tend to believe in the person presenting the idea, rather then creating a rigorous process for evaluating the options before them. Companies adopting best practices in managing their investment options realize substantial gains in their long term bottem line. This book quantifies this performance difference, and what the best practices are across a range of industries.

Why aren't organizations more rigorous in selecting projects? The book outlines several barriers which are extremely relevent:

� It will make a popular champion look bad,

� Organizational resistance to change, or cannibalization of an existing business for a new opportunity,

� We confuse the urgent with the important,

� Its hard to agree on measures and success criteria

� People are afraid of making the wrong prediction, so they don't make any,

� Its hard to normalize results from different contributors,

� Business plans are not integrated with new project activity,

� Power and politics, a methodical evaluation leaves no room for interpretation and "behind the scenes" trade offs between groups and individuals,

� Lack of strategy.

The best practices outlined in this book are backed by substantial research. I would have like to have seen a few additional chapters on application of best practices in real companies ... a case study of a turn around.

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5.0 out of 5 stars Ideas in the book come to life!, Nov 11 1998

By A Customer

This review is from: The Smart Organization: Creating Value Through Strategic R&D (Hardcover)

Thank you very much for sending me a copy of The Smart Organization. I have completed only two chapters, but find the book to be thoroughly engaging. Especially, the six dimensions of decision quality.

My current job is proving to be a daily "case study." The ideas contained in the book have come to life, helping me to better understand my environment at work and make better decisions along the journey.

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5.0 out of 5 stars Great insights for all concerned with strategy and renewal., July 31 1998

By A Customer

This review is from: The Smart Organization: Creating Value Through Strategic R&D (Hardcover)

Focusing on large R&D intensive organizations, this book explores nine key principles that make these enterprises effective, such as: open information flow, systems thinking, and continual learning. The author's emphasize the decision making process as a means of changing and improving overall organizational performance. If you are seeking new insights into how strategy is developed, excellence can be achieved in decision making, and organization renewal can be realized, you will find this book enlightening and fascinating reading. The insights offered here are by no means limited to high-technology firms; they apply to any organization seeking to be successful in today's fast-paced markets. This work includes an organizational IQ test (a diagnostic tool) for identifying root causes of the barriers to improving decision processes. There is an impressive amount of knowledge about organization to be gleaned in The Smart Company. Whether you are a technology -based bus! iness or not, you will find many nuggets in this work. We highly recommend it.

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5.0 out of 5 stars One of the best organising frameworks I've met
The Strategic Decisions Group framework for smart organisation is informative. One reason for this is that the authors are reporting a practical benchmark study of R&D which... Read more

Published on April 20 1998 by Christopher Macrae