Abstract
The purpose of this chapter is to consider in detail the factors which should influence the investment of a firm in research and development (R & D). A brief introductory section considers the relationship of such expenditure to the strategic planning of the firm. Subsequently a number of problems peculiar to R & D are elicited and certain principles emerge. The R & D process is then considered in more specific terms and particular attention is directed to classification and evaluation procedures. Consistency in the evaluation procedures, at varying points in time, is emphasised and the use of alternative models to facilitate this objective is discussed.
This is a preview of subscription content, log in via an institution to check access.
Access this chapter
Tax calculation will be finalised at checkout
Purchases are for personal use only
Preview
Unable to display preview. Download preview PDF.
Author information
Authors and Affiliations
Copyright information
© 1979 Richard J. Briston and Jack Liversidge
About this chapter
Cite this chapter
Briston, R.J., Liversidge, J. (1979). Research and Development. In: A Practical Approach to Business Investment Decisions. Palgrave Macmillan, London. https://doi.org/10.1007/978-1-349-02136-9_4
Download citation
DOI: https://doi.org/10.1007/978-1-349-02136-9_4
Publisher Name: Palgrave Macmillan, London
Print ISBN: 978-1-349-02138-3
Online ISBN: 978-1-349-02136-9
eBook Packages: Palgrave Business & Management CollectionBusiness and Management (R0)