Bio: Stelios Kavadias is an assistant professor of technology and operations management at Georgia Institute of Technology’s College of Management. His research focuses on new product development and the management of technology. In particular, he is interested in the challenges that arise during new product development portfolio and resource allocation decisions, and in the managerial problems that emerge during co-development efforts, irrespective of whether these take place within the firm (e.g., management of new product development teams) or across firms (e.g., technology licensing and management of co-development projects).
Mr. Kavadias’s work has appeared in scholarly journals such as Management Science and Production and Operations Management. He serves as an associate editor for the R & D and Product Development department of Management Science; a senior editor for Production and Operations Management in the Management of Technology department; and an ad hoc senior editor for the New Product Development, R & D and Project Management department.
Currently, he teaches “Collaborative Product Development,” an elective course for both the full-time and executive MBA programs at Georgia Tech. He is a regular contributor to open-enrollment and custom executive education programs on innovation and project management. He is also the author of several award-winning case studies through close collaboration with major firms in multiple industries, ranging from diamond mining to pharmaceuticals.
Expertise: Organization Structure, Incentives, and the Innovation Portfolio
Fellowship Focus: In collaboration with his Darden Faculty Host Raul Chao, Stelios Kavadias will conduct field research to examine the impact of a firm’s organization structure and incentives on its resource allocation and innovation portfolio management. This research will explore the organizational processes which determine resource allocation among competing innovation initiatives. It will also investigate the balance in firms between incremental and radical innovation initiatives within the innovation portfolio. To their knowledge, Stelios Kavadias and Raul Chao are among the first to conduct empirical field research on resource allocation and the innovation portfolio.
Using data gathered during company visits and interviews, Mr. Kavadias and Professor Chao seek to develop a framework to assist managers in aligning organizational design, resource allocation, and the firm’s innovation portfolio; from this research they will co-author papers for scholarly publication as well as for the business executive audience.
Publications & News
Project Selection under Uncertainty: Dynamically Allocating Resources to Maximize Value (co-author with C. H. Loch)
Handbook of Research in New Product Development (co-editor with C. H. Loch)