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SMEs; virtual research and development (R&D) teams and new product development: a literature review
[journal article]
Abstract Small and medium-sized enterprises (SMEs) are indeed the engines of global economic growth. Their continued growth is a major subject for the economy and employment of any country. Towards that end, virtual research and development (R&D) could be a viable option to sustain and ease the operations of... view more
Small and medium-sized enterprises (SMEs) are indeed the engines of global economic growth. Their continued growth is a major subject for the economy and employment of any country. Towards that end, virtual research and development (R&D) could be a viable option to sustain and ease the operations of SMEs. However, literature shows there has not been a great deal of research into the diverse characteristic of virtual R&D teams in SMEs. This article provides a comprehensive literature review on different aspects of virtual R&D teams collected from the reputed publications. The purpose of the literature review is to provide an outline on the structure and dynamics of R&D collaboration in SMEs. Specifying the rationale and relevance of virtual teams, the relationship between virtual R&D team for SMEs and new product development (NPD) has been examined. It concludes with identifying the gaps and feebleness in the existing literatures and calls for future research in this area. It is argued to form of virtual R&D team deserves consideration at top level management for venturing into the new product development within SMEs.... view less
Keywords
efficiency; computer-mediated communication; product; virtual business; team; medium-sized firm; development; information technology; innovation; new technology; small business; research and development; communication technology; cooperation
Classification
Technology Assessment
Management Science
Interactive, electronic Media
Free Keywords
virtual teams; small and medium enterprises; new product development; R&D; medium-sized enterprises; information-technology; communication technology; development management; manufacturing smes; distributed teams; innovation knowledge
Document language
English
Publication Year
2009
Page/Pages
p. 916-930
Journal
International Journal of the Physical Sciences, 5 (2009) 7
Status
Published Version; reviewed