This McKinsey article provides an all-in-one, one-for-all formula to determine R&D’s productivity that can help companies and universities see how well the function is performing. It may also help government funding agencies analyze their investments. Brightening the black box of R&D productivity
Growth in China and other parts of Asia will depend on skills training, more process mechanization, and better resource use, says McKinsey director Jonathan Woetzel.
“Helping people become more professional and more skilled, whether we’re talking about manufacturing industries and food processing, which can in turn lead to better quality for urban citizens through food safety, or we’re talking about services, and simply delivering professional services on time at a quality that people expect—these are all great opportunities to increase the productivity of Asian society and its economy. That’s where the real challenge and opportunity lies for Asia.”
Read and download the McKinsey interview here.