LONDON - Monday, 19. June 2023 AETOSWire
(BUSINESS WIRE) -- Arthur D. Little (ADL) today launched its 2023 Global Innovation Management Excellence Benchmark Report, which highlights that of the $2 trillion per year that companies invest in R&D, financial returns from innovation have fallen across sectors since 2012. Companies report a 33 percent drop in satisfaction with their innovation performance over the same period.
Ben Thuriaux-Alemán, Partner at Arthur D. Little, said, “The main findings from our latest innovation report are clear:
“Traditional innovation practices are delivering diminishing results for companies, in spite of them facing a rapidly evolving world with changing market dynamics, where outstanding innovation capabilities are critical.
“Companies with strong innovation management practices are able to identify properly their specific limiting factors, eliminate them, and gain significant return for R&D spen
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