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Four Basic Approaches Exist to Determine R&D Budget Allocations

question 114

Essay

Four basic approaches exist to determine R&D budget allocations. What are these approaches? Which one would you recommend for a pharmaceutical company? Why?


Definitions:

Hawthorne Effect

A phenomenon in which individuals modify or improve an aspect of their behavior in response to their awareness of being observed.

Systems Level

A perspective focusing on understanding how individual parts interact within the whole system.

Organizational

Relating to an organization or the structured arrangement of people and resources to achieve a specific purpose.

Employee Development

Programs and opportunities provided by organizations to enhance the knowledge, skills, and abilities of their employees for career advancement.

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