Does research pay?: An analysis of R&D expenditure and economic performance in small and medium sized enterprises

ISBN-13: 9783954894505 / Angielski / Miękka / 2016 / 56 str.

Axel Jorn

Opis

In order to develop or protect competitive advantages, companies, besides other initiatives, increasingly invest more and more in research and development (R&D) to foster innovation and dynamic capabilities. Consequently, discussions about the effectiveness and benefit of R&D expenditure have become popular in the recent years. This paper is dealing with the topic "Does research pay? An analysis of R&D expenditure and economic performance in small and medium-sized enterprises (SME)." It was written in the second semester on the module of "Research Methods" to obtain a Master of Business Administration. In the first part, the theoretical basis for innovation management, calculation of benefit, evaluation methods of R&D initiatives in companies are given. The second part presents a quantitative analysis of the efficacy of R&D expenditure and economic performance of SME based on a data set produced from the Statistisches Bundesamt Germany by using MS Excel and the programming language "R." Finally, this assignment provides a summary, an outlook, and a recommendation for further research.

O autorze

Axel Jörn, B. Eng., was born in 1982 in Güstrow. After his apprenticeship to a "System Mechanic" in a small handcraft firm he became further qualified to a "State Certified Technical Engineer - Machine Construction". From 2006 to 2015 he made practical engineering and project management experience in the aviation industry at Airbus in Hamburg. From 2009 to 2013 he studied beside his full time job to become a "Bachelor of Engineering -Mechatronic-" and he made his "Project Management Professional (PMP)" certification at the Project Management Institute (PMI) in 2014. From 2014 to 2016 Jörn got through a "Master of Business Administration (MBA) Program" at the FOM Hochschule für Ökonomie & Management in Hamburg. In the year 2015 he changed from Airbus to Siemens and became project manager for the building automatisation in the wind energy sector.