This book investigates the complex decision-making processes governing research and development investments within corporate and policy frameworks. The authors, Alice Belcher, John Hassard, and Stephen Procter, utilize a multidisciplinary approach to synthesize theoretical perspectives from strategic management, public policy, and corporate finance. By examining how organizations allocate resources to innovation, the text provides a structured analysis of the tensions between long-term strategic goals and immediate financial constraints.

Experts identify this text as a comprehensive resource for understanding the multi-faceted nature of R&D management. Readers frequently note the academic density of the prose, which serves as a foundational reference for students and professionals in strategic management and innovation policy.