Innovation driven by corporate research and development from "summary" of The New Industrial State by John Kenneth Galbraith
The process of innovation within large corporations is heavily influenced by the research and development activities that take place within these organizations. Corporate research and development, or R&D, plays a crucial role in driving innovation by generating new ideas, technologies, and products that can help the company stay ahead of its competitors. In many large corporations, the R&D department is responsible for conducting research, experimenting with new technologies, and developing prototypes of potential new products. These activities are essential for fostering innovation within the organization and keeping up with changing market trends and consumer preferences. One of the key characteristics of innovation driven by corporate R&D is the focus on long-term goals and objectives. Unlike smaller businesses that may prioritize s...
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