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New Strategies for New Challenges Corporate Innovation in the United States and Japan (1999) / Chapter Skim
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Pages 5-5

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... Japanese corporations, on the other hand, seem to be protecting their internal basic research even as their overall R&D spending has declined or been flat over the past several years. Role of Consortia in Setting De Facto Standards The emergence of business consortia to set de facto technology standards is a major development which wiR have far-reaching impact on industrial competitiveness and innovation.6 The formal standards process is often too slow and too open to meet all the needs of firms, especially in information industries, to find a path to open systems that is consistent with business objectives.
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Key Terms

  • corporate innovation
  • facto standards
  • japanese corporations
  • facto technology
  • technology standards


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