Booz & Company’s annual study shows that spending more on R&D won’t drive results. The most crucial factors are strategic alignment and a culture that supports innovation.
According to the report, companies with both highly aligned cultures and highly aligned innovation strategies have 30 percent higher enterprise value growth and 17 percent higher profit growth than companies with low degrees of alignment.
Report covers answers to the following regarding Global 1000 companies:
- What are the Top 9 Innovation Goals?
- What is the relationship between R&D spend and Sales?
- What are the top 7 cultural attributes for innovation?
- How do India, China, US, Europe, Japan, etc.compare?
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