R&D Spending Level: What is Your Research Quotient?

The article offers suggestions for spending on research and development (R&D) and product development. Topics discussed include the rate of return on R&D investments and the work of Anne Marie Knott, a professor at Washington University in St. Louis, on it; the methods used to determine R&D spending including lean, flexible and Six Sigma management; and the things that should be taken into account when trying to maximize R&D productivity including capital investment, R&D spending, and labor.