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This chapter identifies the four causes behind the failure to select the appropriate research initiatives in early stages of the innovation process: choosing nonholistic performance metrics to decide among projects, a lack of knowledge sharing among agents of the research center, and a lack of either academic or business experience in senior roles. Then, the author examines four practical tools that leading institutions are implementing to solve those problems at research centers: prioritizing projects based on a collection of academic, economic, and social impact metrics; mapping each researcher’s focus of study through a research map and incentivizing collaborations and sharing the best practices among them; using professional recruitment for academic and executive directors; and attracting an international advisory board.
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- Stage 1: Research—Selecting Performance Metrics Based on Academic, Economic, and Social Impact
- Chapter 3
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