Investigation and evaluation of key success factors in technological innovation development based on BWM

Abstract

Developing innovation, based on knowledge and technology, as a driving force of the economy, is necessary for survival and is required in having strong interactions within the globalized world of business. Innovation and technology development require an intertwined network of organizational interactions between public and private sector. The activities and interactions of these firms are the reasons for innovation development in the framework of innovation systems. Following strategies is of crucial necessity and importance in industries such as aerospace and remotely-piloted helicopters (RPH) with their complex characteristics, costly and time-consuming processes. Understanding the business environment and identifying the success factors is a significant step towards adopting innovative strategies and planning for technology development. The aim of this article is to evaluate the key success factors in technological innovation development of remotely-piloted helicopters (RPH) industry. The methodology used in this article is Best-Worst method which is considered as one of the most prominent and effective MCDM methods. Based on a case study and by reviewing the extant and relevant literature, the key success factors of technological innovation development of remotely-piloted helicopters (RPH) industry in Iran were identified. Then by applying the "Best-Worst" method and the experts' opinions, the key success factors were analyzed and prioritized. Finally, some suggestions are made by considering the results of the study.Growing Science Ltd. All rights reserved. 7

Application of best-worst method in evaluation of medical tourism development strategy

“…The goal is to find the optimal weights and consistency ratio through a simple linear optimization model constructed by the comparison system (Rezaei et al, 2016;Ghaffari et al, 2017). In the literature, some papers utilized this novel MCDM approach.…”

Best-worst multi-criteria decision-making method: A robust approach

“…According to ) and consistency (≅ 98%) show that applying uncertainty to the model would not reduce the rationality of the results. In this example, we want to investigate the effect of applying uncertainty for a real-world case study presented by Ghaffari et al (2017).…”

“…Hafezalkotob and Hafezalkotob (2017) investigated both individual and group decisionmaking using a fuzzy BWM. The BWM was used to study the key success factors in technological innovation development (Ghaffari et al, 2017). Ahmad et al (2017) used BWM to determine the effects of external forces on a gas supply chain.…”

The Battle between Battery and Fuel Cell Powered Electric Vehicles: A BWM Approach

“…We apply the theoretical model of Van de Kaa et al [8] and the BWM [9] to the automotive industry. Although the model has been applied to various cases [10][11][12][13][14], and the methodology has been used in various fields and context applications [12,[15][16][17][18][19][20][21][22][23][24], they have never been applied jointly in the automotive industry. By employing both the model and the methodology for this specific case, we contribute to the growing evidence that factors for technology dominance can be determined [6,[10][11][12][13][14]25,26], thereby contributing to the theory on standards battles.…”