But over the last few decades, the logic of R&D internationalisation has been changing in two ways: Firstly, as companies have fanned out across the globe to access the potential of new markets, the footprints of their R&D activities have become more international or dispersed in character.
Then in the last five years, with the rapid economic emergence of India and China, the rate of R&D internationalisation has increased and looks set to continue to grow significantly.
Secondly, in tandem with the shift in footprint, the drivers behind R&D internationalisation have been changing in response to the increasing dispersion of knowledge (with new centres of competence emerging in what were previously unlikely places) and industry convergence.
These changes to the R&D innovation landscape have a significant impact on a wide set of capabilities which organisations will need to develop in order to manage and get value from their innovation activities.
The survey reveals that while many companies are building more international R&D networks, few have really begun to build the internal capabilities to run these networks effectively and efficiently.
INSEAD and Booz Allen Hamilton, 2006