Research and Development Evaluation Remodelling in Malaysia: An Idealistic Framework

  • Nor Hasni Osman School of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, Kedah, Malaysia
  • Abu Bakar Allumi Nura School of Technology Management and Logistics, College of Business, Universiti Utara Malaysia, Kedah, Malaysia

Abstract

This paper provides an idealistic conceptual framework for Research & Development
(R&D) evaluation. R&D is very important in higher level decision making. In Malaysia,
though the spending is on increasing term, only a small proportionate of Gross Domestic
Product (GDP) is allocated to fund R&D as compared to the required tasks in the vast
fields of research. A lot of efforts were spent in R&D, the undertakings of which should
be monitored and well-funded to ensure the results of the research are considered
in making decisions that could be shared, implemented, improvised, and evaluated.
Public research which focuses more on educational know-how in the development
of human resource/human capital could be assimilated in R&D of private sectors
which focus more on scientific, technology, material handling, and information and
communication technology (ICT). The more advances occur in science and technology
fields, the demand for manpower in the related fields would increase. In spite of this,
any improvement from the implemented research result could not be assured even with
functional R&D systems if there is no constant evaluation and post decision valuation.
The collaboration of public-private R&D institutions would generate a new breed
of innovative entrepreneurs that could assist Malaysia to achieve developed nation
status as set out in Vision 2020. The outcome of this paper is a proposed model of
the Malaysian R&D evaluation in public agencies, private sectors, and universities to
construct an idealistic R&D decision evaluation framework for future application. The
model presents the interconnected interactions that take place within the stakeholders
circle in R&D network. Basically, the model is drawn up under the principle that
virtually there are balanced interactions and the interested parties are inter-related.

Published
2020-02-23
How to Cite
OSMAN, Nor Hasni; ALLUMI NURA, Abu Bakar. Research and Development Evaluation Remodelling in Malaysia: An Idealistic Framework. Journal of Business Management and Accounting, [S.l.], v. 4, p. 45-54, feb. 2020. ISSN 2231-9298. Available at: <http://e-journal.uum.edu.my/index.php/jbma/article/view/8878>. Date accessed: 06 june 2020. doi: https://doi.org/10.32890/jbma2014.4.0.8878.
Section
Articles