title: A framework for Go/No-Go decisions in high-tech R&D

authors: Woollaston, Owen

abstract: New product development (NPD) failure rates range from 40% (Cooper, 2019) to 90% (Kim et al., 2016), so firms must allocate resources effectively, including abandoning failing projects if necessary. However, when to abandon is often unclear, so portfolio managers risk commitment escalation (Eliens et al., 2018) and overinvesting. This study explored the research question: How should firms evaluate whether to continue or abandon projects in high-tech R&D? A dual approach was taken: First, to gain foundational insights, an innovative AI-assisted literature review method was developed and used to create a novel R&D decision-making framework. Second, to test the key concepts of the framework and illustrate its application, an agent-based simulation (Sulis & Taveter, 2022) compared the performance of the framework against risk-based and ROI-based approaches in a 1000-project portfolio. The framework outperformed the other strategies in simulations and emphasised the importance of gatekeeper independence, negotiating clear criteria up front and using formal decision gates. The simulation results also suggested actionable guidance for practitioners: For a feasibility phase to add value, it should cost less than 30% of the project budget and significantly improve cost estimates.
Theoretical contribution: This study integrated key NPD decision theories from real options, behavioural decision-making, and portfolio management and developed a novel decision-making framework while exemplifying the use of AI to enable rapid, scalable research. It then demonstrated that decision gates outperform ROI- and risk-based approaches in simulation.
Practical contribution: For R&D portfolio managers, the study provides a structured decision-making approach and guidance for sizing feasibility studies. For researchers, it provides a methodology for accelerating and scaling literature reviews.

text: A framework for Go/No-Go decisions in high-tech R&D New product development (NPD) failure rates range from 40% (Cooper, 2019) to 90% (Kim et al., 2016), so firms must allocate resources effectively, including abandoning failing projects if necessary. However, when to abandon is often unclear, so portfolio managers risk commitment escalation (Eliens et al., 2018) and overinvesting. This study explored the research question: How should firms evaluate whether to continue or abandon projects in high-tech R&D? A dual approach was taken: First, to gain foundational insights, an innovative AI-assisted literature review method was developed and used to create a novel R&D decision-making framework. Second, to test the key concepts of the framework and illustrate its application, an agent-based simulation (Sulis & Taveter, 2022) compared the performance of the framework against risk-based and ROI-based approaches in a 1000-project portfolio. The framework outperformed the other strategies in simulations and emphasised the importance of gatekeeper independence, negotiating clear criteria up front and using formal decision gates. The simulation results also suggested actionable guidance for practitioners: For a feasibility phase to add value, it should cost less than 30% of the project budget and significantly improve cost estimates.
Theoretical contribution: This study integrated key NPD decision theories from real options, behavioural decision-making, and portfolio management and developed a novel decision-making framework while exemplifying the use of AI to enable rapid, scalable research. It then demonstrated that decision gates outperform ROI- and risk-based approaches in simulation.
Practical contribution: For R&D portfolio managers, the study provides a structured decision-making approach and guidance for sizing feasibility studies. For researchers, it provides a methodology for accelerating and scaling literature reviews.

year: 2024

title: Book Review: Higher education in East Asia: neoliberalism and the professoriate

authors: Coll, Richard K.

subjects: review

abstract: This article reviews the book : “Higher education in East Asia: neoliberalism and the professoriate,”, edited by Gregory S. Poole and Ya-chen Chen, Rotterdam, Sense Publishers, 2009, 188 pp., US$49 (paperback), ISBN 978-94-6091-126-2

text: Book Review: Higher education in East Asia: neoliberalism and the professoriate This article reviews the book : “Higher education in East Asia: neoliberalism and the professoriate,”, edited by Gregory S. Poole and Ya-chen Chen, Rotterdam, Sense Publishers, 2009, 188 pp., US$49 (paperback), ISBN 978-94-6091-126-2

year: 2010

title: Te whakahuatanga i te reo Māori: Kua ahatia e tātou i roto i ngā tau 100 kua hipa nei? (The pronunciation of Māori: What have we done to it in the last 100 Years?)

authors: Harlow, Ray

subjects: Te reo Māori

abstract: In the words of the proverb: 'The land remains, but humankind vanishes.' One should perhaps extend this to read: 'The land remains, humankind vanishes, and language changes.' For languages are old, handed down from one generation to another, but no matter what, they change. Present-day English is not Shakespeare's or Chaucer's language. The pronunciation has changed, new words have entered the language, some words have been lost, the grammar is now different. Māori is like that as well. Over the last two centuries, many aspects of the language have become different. Many words have been borrowed from English, and become part of the language. Many new words have been created in recent years to accommodate the new topics now being spoken about in Māori. Many words have changed their meaning, e.g., 'pūtea' originally a type of basket, but now a 'fund', source of money. In the grammar, there are now constructions being used which were not correct in earlier centuries.So far as the pronunciation is concerned, how is one to observe its development? That is the substance of a research project which has only just now begun, and it is the purpose of this paper to explain the nature of that research and show some of the preliminary findings. Hence the title: The pronunciation of Māori: What have we done to it in the last 100 years? The project is supported by the Marsden Research Fund.

text: Te whakahuatanga i te reo Māori: Kua ahatia e tātou i roto i ngā tau 100 kua hipa nei? (The pronunciation of Māori: What have we done to it in the last 100 Years?) In the words of the proverb: 'The land remains, but humankind vanishes.' One should perhaps extend this to read: 'The land remains, humankind vanishes, and language changes.' For languages are old, handed down from one generation to another, but no matter what, they change. Present-day English is not Shakespeare's or Chaucer's language. The pronunciation has changed, new words have entered the language, some words have been lost, the grammar is now different. Māori is like that as well. Over the last two centuries, many aspects of the language have become different. Many words have been borrowed from English, and become part of the language. Many new words have been created in recent years to accommodate the new topics now being spoken about in Māori. Many words have changed their meaning, e.g., 'pūtea' originally a type of basket, but now a 'fund', source of money. In the grammar, there are now constructions being used which were not correct in earlier centuries.So far as the pronunciation is concerned, how is one to observe its development? That is the substance of a research project which has only just now begun, and it is the purpose of this paper to explain the nature of that research and show some of the preliminary findings. Hence the title: The pronunciation of Māori: What have we done to it in the last 100 years? The project is supported by the Marsden Research Fund.

year: 2005-05