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Guidelines for Internal vs. External Research

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Discuss guidelines used to determine whether a firm should conduct R&D internally or externally.

200 words, APA citation

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This solution discusses the guidelines used to determine whether a firm should conduct R&D internally or externally. Includes APA formatted reference.

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Research and development (R & D) is "a process intended to create new or improved technology that can provide a competitive advantage at the business, industry, or national level" (Inc., 2013). A firm should base their decision on whether to conduct research and development internally or externally based on certain conditions. If the organization operates in an industry or field in which the rate of technical ...

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