HP to Double Spending on R&D Across Divisions
In Brief: HP will refocus on invention and innovation by doubling its R&D spend across all divisions, the CEO announced.
Our View: Most companies rely on the level of R&D spend relative to sales as a key metric that informs strategic decisions. However, because this metric does not strongly correlate with business performance, it leads to sub-par R&D resourcing. Progressive companies closely monitor the composition of their R&D spend across project types to ensure that these investments generate commercial impact and contribute to long-term advantage.
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