Sometimes Cutting R&D Spending Can Yield More Innovation
Harvard Business Review
JANUARY 8, 2015
billion from 2002 through 2004. The chart may appear to show merely that Cisco’s patent filings lagged its R&D spending by three years, but in fact the decline in spending and the rise in patents were part and parcel of a deliberate strategic shift by the company in 2001. Take Cisco, for example. Drawing on data from the U.S.
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