Abstract
The concept which in the past has been applied to Research & Development (R&D) of technology-intensive companies has in recent times proved inefficient. The concept of classical business administration, which mostly applies to mass production oriented firms, is not suitable for the R&D of technology intensive companies so that a new concept will have to be found. This basic assumption was at the starting point of the „Company of the Future“ (COF) project, a joint effort of European and Japanese companies and universities. COF is sponsored by the European Commission as an ESPRIT project in the TBP (Technologies for Business processes) domain and various Japanese bodies including JRIA and MITI.
COF ventures to reform and transfer concepts of classical business administration to make them applicable to R&D environments.
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© 1997 IFIP International Federation for Information Processing
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Perlitz, M., Schug, K., Schrank, R. (1997). Target-Budgeting for Research & Development. In: Doumeingts, G., Browne, J. (eds) Modelling Techniques for Business Process Re-engineering and Benchmarking. IFIP Advances in Information and Communication Technology. Springer, Boston, MA. https://doi.org/10.1007/978-0-387-35067-7_1
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DOI: https://doi.org/10.1007/978-0-387-35067-7_1
Publisher Name: Springer, Boston, MA
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