Better Ways to Green-Light New Projects

Selecting innovative new projects for further investment and development is critical—and difficult. The best R&D projects can renew an organization’s product lines, processes, and services, improving its performance and competitiveness. Research shows that at many companies, bias and process issues can imperil good decisions. To improve their track record, leaders must first understand where R&D selection panels go wrong. This article identifies some excellent suggestions that leaders can take before, during, and after the selection process in order to make more objective, fact-based decisions about which new ideas to green-light. Reach out to me if you are looking for effective ways to help your organization create a process that is more open, fluid, and collaborative.