While the strength of the correlation between R&D spending and productivity in low-tech industries is less than in high-tech industries, studies have been done showing non-trivial carryover effects to other parts of the marketplace by low-tech R&D.
Research and development (R&D) is the part of a company's operations that seeks knowledge to develop, design, and enhance its products, services, technologies, or processes.
MSC R&D has over 20 years experience in helping R&D technology companies deliver profitable growth through innovation.
Our knowledge and experience of the R&D process is unrivalled.
In general, it has been found that there is a positive correlation between the research and development and firm productivity across all sectors, but that this positive correlation is much stronger in high-tech firms than in low-tech firms.
In research done by Francesco Crespi and Cristiano Antonelli, high-tech firms were found to have "virtuous" Matthew effects while low-tech firms experienced "vicious" Matthew effects, meaning that high-tech firms were awarded subsidies on merit while low-tech firms most often were given subsidies based on name recognition, even if not put to good use.
Through the medium of teleconferencing, video conferencing or face to face meetings, MSC R&D’s lead analysts can review and advise on a number of specific topics including: These reviews can be set up very quickly once key management and marketing information has been provided to MSC R&D, and have the advantage of being dynamic and interactive.
They can last from 2 hours to one day on site depending on the needs of the client.
Without an R&D program, a firm must rely on strategic alliances, acquisitions, and networks to tap into the innovations of others.
A system driven by marketing is one that puts the customer needs first, and produces goods that are known to sell.