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Big-company corporate development departments dream of acquisitions that substantially boost revenue or bring assets that turbo-charge growth. Most midsize companies lack the breadth and depth of skilled corporate development professionals whose jobs are to source, make, and integrate acquisitions.
It increased R&D spending from 7-8% of revenue before 2009 to 11-12% of revenue starting in 2010, and maximized the return on that increased investment. It has a more rigorous organization structure that divides responsibilities between the innovation team and developmentteam, and strengthens management around the opportunity pipeline.
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