Abstract
Purpose
– The purpose of this paper is to present a multi-staged methodology for the assessment of technology maturity profiles. In particular, this research is being developed to simplify the maturity evaluation procedure in order to combine a large number of inputs from R&D projects and thus to obtain a broad picture of technology maturity profiles that is not specific to a particular organisation, industry sector or particular process.
Design/methodology/approach
– A multi-stage method was employed. The first stage of which was a workshop involving a range of eminent academics and senior professionals from institutes or industry in order to outline the maturity scale and its defining characteristics. The second stage was to develop a questionnaire to investigate the maturity of particular technologies in the wider research portfolio. Finally, a case study was conducted to validate the practicability of the method by assessment of industry capability and advancement.
Findings
– Based on the responses received from the questionnaire, a maturity profile was constructed for each project, displaying percentages of R&D efforts along the adopted maturity scale. The findings demonstrate that the real value of the generic matrix is in tailoring the framework according to the particular context of a firm in order to identify risks that would compromise the exploitation of the emerging technologies under development.
Research limitations/implications
– There are some limitations in this study which provide ground for future research. For instance, the proposed methodology could be applied to industrially sponsored R&D projects in addition to the publicly funded projects, which have been targeted in this study. This study uses a case study to demonstrate the applicability of the method, but this could be applicable to other industry domain. Further testing of the method is necessary in order to increase its robustness and to better understand its applicability and feasibility.
Originality/value
– It could be considered that the success of this study could be emulated in a wider context of new manufacturing technologies which are being taken up by industry, utilising a comparable but amended scale of technology vs level of take-up and/or funding. It is potentially a useful way for funding bodies to monitor impact of sponsored R&D projects. For industry, it is also a vital link to the academic institutions developing emerging technologies, by guiding both industry sectors and individual customers to the relative maturity of particular technologies.
– The purpose of this paper is to present a multi-staged methodology for the assessment of technology maturity profiles. In particular, this research is being developed to simplify the maturity evaluation procedure in order to combine a large number of inputs from R&D projects and thus to obtain a broad picture of technology maturity profiles that is not specific to a particular organisation, industry sector or particular process.
Design/methodology/approach
– A multi-stage method was employed. The first stage of which was a workshop involving a range of eminent academics and senior professionals from institutes or industry in order to outline the maturity scale and its defining characteristics. The second stage was to develop a questionnaire to investigate the maturity of particular technologies in the wider research portfolio. Finally, a case study was conducted to validate the practicability of the method by assessment of industry capability and advancement.
Findings
– Based on the responses received from the questionnaire, a maturity profile was constructed for each project, displaying percentages of R&D efforts along the adopted maturity scale. The findings demonstrate that the real value of the generic matrix is in tailoring the framework according to the particular context of a firm in order to identify risks that would compromise the exploitation of the emerging technologies under development.
Research limitations/implications
– There are some limitations in this study which provide ground for future research. For instance, the proposed methodology could be applied to industrially sponsored R&D projects in addition to the publicly funded projects, which have been targeted in this study. This study uses a case study to demonstrate the applicability of the method, but this could be applicable to other industry domain. Further testing of the method is necessary in order to increase its robustness and to better understand its applicability and feasibility.
Originality/value
– It could be considered that the success of this study could be emulated in a wider context of new manufacturing technologies which are being taken up by industry, utilising a comparable but amended scale of technology vs level of take-up and/or funding. It is potentially a useful way for funding bodies to monitor impact of sponsored R&D projects. For industry, it is also a vital link to the academic institutions developing emerging technologies, by guiding both industry sectors and individual customers to the relative maturity of particular technologies.
| Original language | English |
|---|---|
| Pages (from-to) | 170-193 |
| Number of pages | 24 |
| Journal | International Journal of Productivity and Performance Management |
| Volume | 63 |
| Issue number | 2 |
| Publication status | Published - 2014 |
Keywords
- case study
- survey
- Delphi
- maturity assessment
- multi-staged methodology
- Technology readiness