Keywords: R&, D, decision making, strategic management, competitive market environment, technology-based firms, Australia
Major considerations in the corporate development of R&D strategies within Australian technology-based firms
The work reported in this paper empirically examines major considerations in corporate R&D decision making in Australia. A set of hypotheses is tested through analysing the data obtained from one hundred and twelve technology-based companies with R&D activities. Australian R&D managers generally perceive that consistency with customer requirements, a firm's competitive strategy and the competitive market environment is critical for strategic R&D decision making. They also believe that R&D decisions must take into account both current technological trends and a firm's resources and capability. Australian companies, while taking advantage of government tax incentives for industrial R&D, do not regard such incentives as key to formulating corporate R&D strategies.