World‐wide R&D
Purpose – To explain how R&D is becoming a globally popular business function. Design/methodology/approach – This briefing is prepared by an independent writer. Findings – The R&D Scoreboard 2005 has recorded an overall annual rise of 5 percent in R&D investment by world's top 1,000 organisations, whose R&D budgets total £220bn. This recent analysis of R&D investment has also revealed that the business climate for R&D‐active companies has continued to improve. The top 1,000 companies across the world saw increases in overall sales growth, profitability and R&D levels, with growth in all three measures stronger in the Americas than in the Asia‐Pacific region or Europe. Practical implications – Despite the importance of R&D investment, and its link with company performance, the report also cautions that company success depends not only on wise and balanced investment in R&D and other factors (capital investment, brands, skills, market development) but also on good strategic choices and operational excellence. Originality/value – Gives a good overview of how R&D is used across the world and how it is benefiting global business.
Year of publication: |
2006
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Published in: |
Strategic Direction. - Emerald Group Publishing Limited, ISSN 1758-8588, ZDB-ID 2089990-7. - Vol. 22.2006, 3, p. 30-32
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Publisher: |
Emerald Group Publishing Limited |
Subject: | Research and development | Investment | Profit | Benchmarking | Pharmaceutical Industry | Electronics Industry |
Saved in:
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