Resilience Report: Innovation's Big Spenders: Money Isn't Everything

The Booz Allen Hamilton Global Innovation 1000: Money Isn't Everything
by Barry Jaruzelski, Kevin Dehoff, and Rakesh Bordia

New York, N.Y., December 5, 2005 -- Innovation is just a matter of money, goes the common wisdom. Spend a bundle and watch the profits pour in. But that's simply not so, according to the Booz Allen Hamilton Global Innovation 1000, the most comprehensive study ever to assess the influence of R&D spending on corporate performance. The survey, which tracked the 1,000 biggest investors in innovation, reveals the true value of the R&D dollar and the basics of a better strategy. The bottom line: Lavish R&D budgets are no substitute for creativity, analysis, and disciplined management.

To read the full Resilience Report:
http://www.strategy-business.com/resilience/rr00027

Resilience Report is a monthly update on business complexity and strategy-based transformation. An exclusive service for readers of strategy+business, it offers original research, case studies, and other intellectual capital from s+b and Booz Allen Hamilton.

Art Kleiner
Editor-in-Chief
strategy+business

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