North American headquartered companies led the way with a 13% increase; India & China are rapidly boosting their R&D investment, but their share of total spending remains small. Customer focus yields performance gains.

 

NEW YORK--(BUSINESS WIRE)--Booz Allen Hamilton's (www.boozallen.com) third annual analysis of the world's 1,000 largest corporate R&D spenders, released today, finds that these corporations increased their R&D investment last year by twice the dollar amount of 2005's R&D spending rise. For the first time in four years, the pace of R&D spending in 2006 caught up to the rate of sales growth among these companies. North American headquartered companies led the way with the largest increase in absolute spending; R&D investment in emerging markets continues to grow rapidly, but remains a relatively small percentage of the global total. Toyota was the largest corporate spender on R&D in 2006, up from third place the prior year. Link to Article....

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