Reflections on Mansfield, Technological Complexity, and the "Golden Age" of U.S. Corporate R&D

Posted: 4 Nov 2009

See all articles by Philip E. Auerswald

Philip E. Auerswald

George Mason University - Schar School of Government and Policy

Lewis Branscomb

Harvard University - Harvard Kennedy School (HKS)

Date Written: 2005

Abstract

This analysis addresses the question ofwhetherthe influence of scientific innovation in large corporations is declining.Focus is placed on the growth of research innovations into market-readyproducts and on imitative technologies. Data were collected in 2001-2002 from39 detailed interviews with CEOs, senior executives, technology managers andventure capitalists, whose firms accounted for 7 percent of total U.Sindustrial R&D expenditures. The sample represents diversity in industry,firm size, and lifecycle stage. Findings revealed that large corporations are no longer the onlyorganizations involved in research and development. Rather,largeindustrial corporations and start-up companies both play an instrumental rolein supporting innovations by differently exploring and exploiting the marketpotential of various science-based innovations. (SRY)

Keywords: Mansfield, Edwin, Imitation, Military, Science-based inventions, Inventions, R&D, Technology innovation, Disruptive technologies, Commercialization, Economic growth, Startups, Technology transfer, Competitive advantages, Large firms, Industrial research

Suggested Citation

Auerswald, Philip Edgar and Branscomb, Lewis, Reflections on Mansfield, Technological Complexity, and the "Golden Age" of U.S. Corporate R&D (2005). The Journal of Technology Transfer, Vol. 30, Issue 1/2, p. 139-157 2005. Available at SSRN: https://ssrn.com/abstract=1498255

Philip Edgar Auerswald (Contact Author)

George Mason University - Schar School of Government and Policy ( email )

3351 Fairfax Dr.
Arlington, VA 22201
United States

HOME PAGE: http://auerswald.org

Lewis Branscomb

Harvard University - Harvard Kennedy School (HKS) ( email )

79 John F. Kennedy Street
Cambridge, MA 02138
United States

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