Why R&D Spending is Not a Measure of Innovation
August 21, 2016 By Tendayi Viki
ABSTRACT:
When it comes to R&D spending, corporate leaders often want to know what others are doing. How much are other companies in different industries spending on R&D? Leaders want to know the level of spending in absolute terms (i.e. total expenditure), and also as a percentage of revenue. The presumption is that R&D spending is somehow connected to increased innovation, revenue growth and profits.
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