Huh? An article obviously written by an stockbroker in order to justify cutbacks, right? Maybe not.
There's been a few articles about this subject, the newest, from Business Week uses Ford to illustrate that big R&D spending does not necessarily equal successful innovation.
Unfortunately this is too simplistic a viewpoint.
- Apple, arguably an innovative company with the highest profile, is not nearly the largest spender on R&D in dollar terms, but, instead has a culture infused with creative thinking.
- Breakthrough ideas often come from startups where 100% of their budget is R&D.
- This research is based only on public companies SEC filings, so the accounting standards for R&D will vary from company to company.
That being said, I think articles like this are beginning to show a trend, toward the realization by business leaders that innovation is more dependent on human resources (talent and skill) than scale.
At Business Week Online
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