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The Rise and Fall of the Industrial R&D Lab
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The Rise and Fall of the Industrial R&D Lab

For a time in recent history, R&D labs seemed to exist in a golden age of innovation and productivity. But this period vanished as swiftly as it came to be. How did it happen, and why did it fade away?



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9

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  • Eye Opening
  • Overview
  • Concrete Examples

Recommendation

Although the business world seems thick with new technology, the pace of new discoveries has slowed since the post-war era when large industrial labs dominated innovation. In this densely detailed historic overview for Works in Progress, Ben Southwood reports that big labs declined in importance as smaller labs – and, later, immense new tech companies such as Google – came to dominate R&D. He examines the drivers that help today’s labs succeed and discusses their outlook for the future.

Take-Aways

  • Labs fostering discovery and innovation have burgeoned in the United States since the 1800s.
  • Industrial labs developed to foster collaboration and avoid transaction costs, but many factors contributed to their eventual demise.
  • The history of R&D does not present a clear model for the future.

About the Author

Ben Southwood is the founding editor of the online magazine Works in Progress, a part of Stripe.


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