Identify the factors affecting the choice of research and development projects

Abstract

In the today's industrial world and in the organizations' competition, the importance of the research and development projects and its role in advancing the objectives of organizations have gone to a special status that the volume of projects' investments on research and development or the organization's activities in this area is an indicator to determine the success or failure of the organization. Assessment and selection of research projects are considerable concern for decision-makers that returns to the importance of the research projects' alignment with the strategic goals of each organization. Research and development are the only competitive advantage of modern companies and they will become stable only if the research and development are institutionalized in them. Although success in these projects is a competitive advantage, but often organization slack a comprehensive decision-making model in the choice of research and development projects. This paper's approach is to identify the factors affecting the choice of research and development projects.