The dilemma of US industrial research and development focusing on the short term
by Kevin J. Kennedy
International Journal of Technology Management (IJTM), Vol. 9, No. 1, 1994

Abstract: An overview of current trends covering US industry-based research and development (R&D) is presented. Despite yearly increases in R&D by US industry as a whole, numerous signs of change and decline exist. The data presented highlight this dilemma in gauging the health of the US R&D enterprise and the deficiency of using overall expenditures as the figure of merit. Finally, data are presented from a longitudinal study that shows publication rates have dropped in many industrial segments. This supports the observation of others that US industrial R&D investment choices continue to move away from longer-term opportunities in favour of product development.

Online publication date: Sat, 23-May-2009

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