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OVERVIEW:Four respected consulting companies examined best R&D practices, each with their own objectives, methods and scope. The authors believe that those R&D practices that are common among these studies are further validated and should have broad applicability. Looking for agreement in three or more of the studies, they found seven best R&D practices. They cover technology strategies, program selection and management, core strengths, effectiveness, external awareness, technology transfer, and a “personnel” category that includes people-related issues.
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Ransley et al. (1994) studied this question.
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