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Issue: Technology
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Date added: March 10, 2007
No of pages / words: 2 / 410
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Where these tasks are performed is of secondary importance. Some corporate research projects are handled and funded partially or wholly by the divisions or BUs. In contrast, divisions or SBUs fund development almost exclusively. Most companies have adopted such tools as project and portfolio management, Stage Gate, etc...
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to improve the efficiency and effectiveness of R&D. Generally, corporate R&D is either consulted or actively involved in the company's strategic direction. Divisional R&D is more involved with business strategy. However, the uncertain relative position of centralized and decentralized units can lead to ill-defined roles and responsibilities...
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