Stakeholder's Influences on Product Design Decisions with Exogenous Uncertainty
32 Pages Posted: 29 May 2010
Date Written: May 28, 2010
Abstract
This study examines how stakeholders exert an influence on product design decisions in the presence of exogenous uncertainty. Hitherto, research has traditionally viewed firms as one entity, and has prescribed an "optimal"' product design decision at firm level. Inspired by field studies at Nokia and Philips, our research seeks to open the "black box"' of R&D organizations by comparing design outputs in various situations of decision power distribution and task priority. It studies a fundamental yet often overlooked conflict in the team: the organization's task priority and the team leader's position power (project finalization). It also quantifies two types of personal cost related with stakeholders in development teams and identifies the organizational factors which lead to project termination. Simple empirical test is used to support our insights.
Keywords: New Product Development, Stakeholder Management, R&D Organizations, Decision-Making Process, Two-Sided Incomplete Information
Suggested Citation: Suggested Citation
Do you have a job opening that you would like to promote on SSRN?
Recommended Papers
-
Effort, Revenue and Cost Sharing in Collaborative New Product Development
-
Outsourcing Innovation: A Comparison of External Providers at Siemens
By Zhijian Cui, Christoph H. Loch, ...
-
How Provider Selection and Management Contribute to Successful Innovation Outsourcing
By Zhijian Cui, Christoph H. Loch, ...
-
A Strategic Decision Framework for Innovation Outsourcing
By Christoph H. Loch and Zhijian Cui
-
By Zhijian Cui, Christoph H. Loch, ...
-
Vendor Selection, Contract Efficiency, and Performance Measurement in Service Outsourcing
By Zhijian Cui and Sameer Hasija
-
The Impact of Contracts on Upstream Innovation Incentives in a Supply Chain
By Jingqi Wang and Hyoduk Shin