In the the sixth annual study of corporate innovation spending, the 2010 Global Innovation 1000, released today by global management consulting firm Booz & Company, total R&D spending among the world’s top spenders on innovation dropped in 2009 for the first time in the 13 years studied. The study revealed that the 1,000 companies that spent the most on research and development decreased their total R&D spending by 3.5% to $503 billion in 2009. This followed a relatively strong 2008 during which R&D spending continued to grow despite the recession.
Apple, Google and 3M are the innovation leaders of the pack in the aftermath of the global recession — yet none were among the 10 biggest R&D spenders in 2009. Pharmaceutical giant Roche Holding took the top position for innovation spending, having boosted its R&D spending 11.6% to $9.1 billion, replacing Toyota Motor, which cut spending nearly 20% and fell to fourth place. Microsoft, Nokia and Pfizer rounded out the top five. The top 10, as a group, spent $75.0 billion on R&D in 2009, down 5% from 2008.
To read the full, original article click on this link: Booz & Co. Reports Corporate R&D Spending Declined In 2009 - Scott DeCarlo - Running The Numbers - Forbes
Author: Scott DeCarlo
