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External Partners Alumni Search Submit Return to home Search Search About About Olin Home Why Olin Equity, Diversity & Inclusion Leadership & Strategy News & Media Events Contact Us Programs Programs Home Explore Our Programs BS in Business Administration MBAs Specialized Master's Doctoral Executive Education Dual Degrees Faculty & Research Faculty & Research Home Faculty Directory Research Research Centers Olin Brookings Commission Olin Award Student Resources Student Resources Home Career Services Center for Experiential Learning Entrepreneurship Academic Calendars Student Organizations For Current Students For Military Veterans Admissions Admissions Home Scholarships & Aid Attend Program Events Visit Olin Ask a Student Student Profiles Request Information Refer a Candidate External Partners Alumni Good news: companies can improve R&D March 24, 2017 By WashU Olin Business School 1 minute read Home News Good news: companies can improve R&D McGraw Hill; 1st edition (March 24, 2017) The bad news is: &＃8220;the money companies spend on R&D is producing fewer and fewer results,&＃8221; according to Anne Marie Knott, Olin strategy professor, and author of the just-published book&＃160;How Innovation Really Works. In an article published on the Harvard Business Review website this week, Knott says, &＃8220;My research shows the returns to companies&＃8217; R&D spending have declined 65% over the past three decades.&＃8221; This decline begs the question and title of Knott&＃8217;s article, &＃8220;Is R&D Getting Harder, or Are Companies Just Getting Worse At It?&＃8221; Her research finds that companies are getting worse at R&D, but there&＃8217;s a silver lining: It appears the decline in companies&＃8217; (and the economy&＃8217;s) ability to drive growth from R&D stems from the fact that companies have gotten worse at innovation, rather than because innovation has gotten harder. This is great news, because the problem of companies getting worse is fixable, whereas the problem of innovation getting harder isn&＃8217;t. The challenge, of course, is knowing what to fix and how to fix it. &＃8212;How Innovation Really Works: Using the Trillion-Dollar R&D Fix to Drive Growth, McGraw Hill; 1st Edition (March 24, 2017) Link to Harvard Business Review About the Author WashU Olin Business School Firmly established at the Gateway to the West, Olin Business School at Washington University in St. Louis stands as the gateway to something far grander in scale. The education we deliver prepares our students to thoughtfully make difficult decisions—the kind that can change the world. Contact Us For assistance in finding faculty experts, please contact Washington University Public Affairs. Monday&＃8211;Friday, 8:30 to 5 p.m. Sara Savat, Senior News Director, Business and Social [email protected] &＃160; Kurt Greenbaum,Communications [email protected] Twitter: WUSTLnews Share article Apply Now Visit Us Request Info One Brookings Drive, St. Louis, MO 63130-4899 [email protected] 314-935-7301 News & Media Events Faculty Directory WashU Center for Career Engagement Washington University home Olin Links Sitemap Privacy Policies Title IX Accessibility ©2024 Washington University in St. Louis