peterme.com: ” … innovation is occurring in places with almost no official R&D spend “
That reminds me of the recent (spring 2006) Procter & Gamble (t d f) report that points out that while spending more money for R&D (t d f) the productivity and innovation rate went down. P&G changed their strategy – away from increasing expenses for internal R&D – then and put networking with outside the corporate firewalls (C&D) on top priority.
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