The ever-increasing pace of technology development and the emerging requirements for new cross-disciplinary competencies, especially in converging industries, place increasing demands on resource and competence management in R&D. If companies fail to develop, or target the wrong areas, consequences can be significant — and it can be difficult to recover. In this Executive Update, we examine a recent survey of large organizations worldwide on R&D best practices that shows how some leading companies are rising to the R&D challenge by developing resilience in their resourcing plans to avoid bottlenecks, taking a long-term view on required future competencies, and putting plans in place to develop competencies, often with external partners.
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