Industrial Research and Development at Project Level in the Modern Corporation
The existence of technological change has created numerous theoretical and empirical problems for economists. It directly challenges a basic assumption of neoclassical microeconomics that the state of technology is given; invention alters the production function of firms and/or the types of products produced, and the process by which such development occurs is as yet little understood. Firstly, the generation of radical innovation may involve complex and highly technical issues which are difficult to communicate from scientists and technologists to economists. Secondly, even if the problems of communication between disciplines could be solved, there is little evidence that professional R & D workers could articulate meaningful and useful models of R & D activity, as we hope to demonstrate later in this chapter.
KeywordsApplied Research Final Output Innovative Activity Innovation Development Project Level
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