Most companies have adopted such tools as project and portfolio management, Stage Gate, etc. to improve the efficiency and effectiveness of R&D. Generally, corporate R&D is either consulted or actively involved in the company's strategic direction. Divisional R&D is more involved with business strategy. However, the uncertain relative position of centralized and decentralized units can lead to ill-defined roles and responsibilities.
Overall, companies continue to report that 10 percent of total R&D spending has a long-term orientation, 30 percent is for the medium term and 60 percent for short-term work. However, financing of this R&D has become just as hybrid as the organization itself, the survey revealed. Firms accept that funds must be made available for short-, medium- and long-term research and development. Where these tasks are performed is of secondary importance. Some corporate research projects are handled and funded partially or wholly by the divisions or BUs. In......

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Title: Abcd
Approximate Word Count: 477
Approximate Pages: 2 (250 words per double-spaced page)

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