Booz & Co. just came out with its annual ranking of the world's 1000 biggest R&D spenders, which includes a survey of more than 700 senior R&D executives asking them what companies are the most innovative in the world.
Only two of those voted most innovative were among the top ten spenders on research last year.
Barry Jaruzelski, the Booz senior partner who put the report together, says that over the past eight years, they've found "no statistically significant relationship between how much you spend on R&D and how you perform over an extended period of time."
10. Amazon
2011 ranking: Not ranked
R&D spending in 2011: $2.9 billion
R&D spend ranking: 48
R&D as a percentage of sales: 6.1 percent
Source: Booz&Co.
8. P&G (tied)
2011 ranking: 8th
R&D spending in 2011: $2 billion
R&D spend ranking: 72
R&D as a percentage of sales: 2.4 percent
Source: Booz&Co.
8. IBM (tied)
2011 ranking: 6th
R&D spending in 2011: $6.3 billion
R&D spend ranking: 17
R&D as a percentage of sales: 5.9 percent
Source: Booz&Co.
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