Research and development Quote by Jeffrey E. Garten
““Companies such as Intel, IBM, General Electric, Apple, and Microsoft have also expanded their research operations abroad to countries including India, China, Singapore, and Israel in order to be nearer customers and technological talent. In fact, PricewaterhouseCoopers has estimated that 94 percent of all global companies now do some research and development outside their home countries.””
About This Quote
Source Report: Global R&D Trends, PwC, 2020
Companies locate research abroad to be close to customers and talent, making innovation more responsive and collaborative.
In simple terms: Businesses move R&D overseas to access markets and expertise.
Key Takeaway
Consider expanding R&D to strategic locations.
Themes
globalization
innovation
talent acquisition
market proximity
Mood
strategic
analytical
Type
business
strategic
informative
When to use this quote
- tech industry
- manufacturing
- software development
- product design
- academic partnerships
Key Concepts
strategic positioning
knowledge transfer
collaboration
Questions to Reflect On
- How does proximity to customers shape product development?
- What risks arise from dispersing R&D globally?
A Different Perspective
Local regulations and cultural differences can hinder effective integration.
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