Booz & Company’s annual study of the world’s biggest R&D spenders shows why highly innovative companies are able to consistently outperform. Their secret? They’re good at the right things, not at everything.
Why are some companies able to consistently conceive of, create, and bring to market innovative and profitable new products and services while so many others struggle? It isn’t the amount of money they spend on research and development. After all, our annual Global Innovation 1000 study has shown time and again that there is no statistically significant relationship between financial performance and innovation spending, in terms of either total R&D dollars or R&D as a percentage of revenues.
To read the full, original article click on this link: Dr Damigos; PhD - O2ibm - Boost your Business Oxygen: Global Innovation 1000: How the Top Innovators Keep Winning
Author: Barry Jaruzelski and Kevin Dehoff
