Discuss guidelines used to determine whether a firm should conduct R&D internally or externally.
200 words, APA citation© BrainMass Inc. brainmass.com September 24, 2018, 11:38 am ad1c9bdddf - https://brainmass.com/business/strategy-and-business-analysis/guidelines-for-internal-vs-external-research-568252
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 ...
This solution discusses the guidelines used to determine whether a firm should conduct R&D internally or externally. Includes APA formatted reference.