Introduction, Governance

Governance sets the stage for blockbuster+ pursuits...

Governance refers to the governing body or senior executives responsible for corporate R&D. This is functional governance with specific functional roles and responsibilities, as opposed to corporate governance with overall corporate responsibilities.

R&D governance generally has authority to make all major decisions about the R&D function: strategy, where to invest, organization, etc. It receives authority from the corporate board (or its equivalent) in a specific grant of authority. It maintains this grant of authority through its relationship with the corporate board: a relationship based on results.

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More Core Arguments for Governance