National Academies Press: OpenBook
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R1
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R2
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R3
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R4
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R5
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R6
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R7
Page viii Cite
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R8
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R9
Suggested Citation:"Front Matter." National Academy of Sciences, National Academy of Engineering, and Institute of Medicine. 1990. Corporate Restructuring and Industrial Research and Development. Washington, DC: The National Academies Press. doi: 10.17226/1546.
×
Page R10

Below is the uncorrected machine-read text of this chapter, intended to provide our own search engines and external engines with highly rich, chapter-representative searchable text of each book. Because it is UNCORRECTED material, please consider the following text as a useful but insufficient proxy for the authoritative book pages.

CORPORITE RESIRIllIRIN! INS INIISTRIlI RESEIRIt INI IElEIOPIENT Academy Industry Program National Academy of Sciences National Academy of Engineering Institute of Medicine NATIONAL ACADEMY PRESS Washington, D.C. 1990

National Academy Press · 2101 Constitution Avenue, N.W. · Washington, D.C. 20418 NOTICE: This book is based on a symposium sponsored by the Aeademy Industry Program. It has been reviewed according to procedures approved by the National Research Council. The National Academy of Seiences is a private, nonprofit, self-perpetuating society of distinguished scholars engaged in scientific and engineering research, dedicated to the furtherance of science and technology and to their use for the general welfare. Upon the authority of the charter granted to it by the Congress in 1863, the Aeademy has a mandate that requires it to advise the federal government on scientific and technical matters. Dr. Frank Press is president of the National Academy of Sciences. The National Academy of Engineering was established in 1964, under the charter of the National Academy of Sciences, as a parallel organization of outstanding engineers. It is autonomous~in its administration and in the selection of its members, sharing with the National Academy of Seiences the responsibility for advising the federal government. The National Academy of Engineering also sponsors engineering programs aimed at meeting national needs, encourages education and research, and recognizes the superior achievements of engineers. Dr. Robert M. White is president of the National Academy of Engineering. The Institute of Medicine was established in 1970 by the National Academy of Sciences to secure the services of eminent members of appropriate professions in the examination of policy matters pertaining to the health of the public. The Institute acts under the responsibility given to the National Academy of Sciences by its congressional charter to be an adviser to the federal government and, upon its own initiative, to identify issues of medical care, research, and education. Dr. Samuel O. Thier is president of the Institute of Medicine The National Research Council was organized by the National Academy of Seiences in 1916 to associate the broad community of science and technology with the Aeademy's purposes of furthering knowledge and advising the federal government. Functioning in accordance with general policies determined by the Aeademy, the Council has become the principal operating agency of both the National Academy of Sciences and the National Academy of Engineering in providing services to the government, the public, and the scientific and engineering communities. The Council is administered jointly by both Academies and the Institute of Medicine. Dr. Frank Press and Dr. Robert M. White are chairman and vice chairman, respectively, of the National Research Council. Support for this project was provided by the Aeademy Industry Program. Library of Congress Catalog Card Number 89~3979 International Standard Book Number 0-309-04186-4 Copyright ~ 1990 by the National Academy of Sciences S074 Printed in the United States of America

ACADEMY INDUSTRY PROGRAM ALLAN R. HOFFMAN, Director EDWARD ABRAHAMS, Senior Staff Officer LOIS E. PERROLLE, Staff Officer DEBORAH FAISON, Senior Program Assistant The Academy Industry Program was established in 1983 to enhance communication between the National Research Council and industry lead- ers on issues related to the health of U.S. science and technology. It selves as a two-way channel of communication by providing National Research Council reports to industry and by providing a forum in which industry leaders can bring their views on important issues in science and technology to the attention of the Research Council's leadership. The program also provides financial support for institutionally initiated studies for which gov- ernment funding may be inappropriate or unavailable. Over 70 companies currently participate in this program. . . .

Preface If there is a cultural clash between technology and economics, it is nowhere more evident than in the dialogue about the erects of corporate restructuring on industrial research and development. The debate has grown in volume and vehemence with the recent proliferation of debt- intensive buyouts and takeovers. Members of the research community voice fears that debt service will be paid at the expense of R&D; financiers argue that restructuring improves corporate efficiency without impacting R&D expenditures. The debate has obvious implications for public policy, since R&D is vital to the nation's ability to compete in the global marketplace, where technological advances are of great and increasing importance. Such mat- ters are of particular concern to the National Research Council, which has a mandate to address major issues involving science and technology. Therefore in 1988 the Academy Industry Program, the Research Coun- cil's principal channel of communication with industry, began to plan a symposium on the subject. The symposium would serge two purposes. First, by bringing together proponents of various points of view, it would help all sides learn something of the others' needs and expectations. Second, a full discussion of the issues would identify areas in which more research was needed to guide policy decisions. These goals were largely achieved during the symposium, which took place on October 11 and 12, 1989, at the National Academy of Sciences in Washington, D.C. The speakers represented a range of opinions from

government, Wall Street, industry and academia. Most in the audience represented corporate members of the Academy Industry Program~hief executives and vice presidents for research and development. Some aca- demics, government officials and media representatives also attended. This report is a transcript of the speakers' remarks and of the question- and-answer sessions. It also includes, as appendixes, a background paper prepared by Kenneth Flamm of The Brookings Institution (provided to all participants before the symposium convened) and a list of attendees. A summary of the discussion can be found in the concluding remarks of Stuart Eisenstat, the symposium moderator. V1

Contents E\]ENIN O SESSION, O(:rOBER It 1989 RIO RNIN O SESSION, OCTOBER 12~1989 ~U'GEBUqO ON SESSJON, O(:rOBER C, 1989 /UPPE!UD[( ^ Indu~ddlB~seamb and Corpora ~ P~sl[uctudo 'do Chorded ofSomeI~ues APPENDIX B LblofPankipan~ APPENDIX C ~ ends . . ~1 21 80 121 Ago 14g

CIRPOBl1E tESTRIClIRINC INI lI RE5EIRCR INS IElEIOF#EN1

Next: Evening Session, October 11, 1989 »
Corporate Restructuring and Industrial Research and Development Get This Book
×
Buy Paperback | $55.00
MyNAP members save 10% online.
Login or Register to save!
Download Free PDF

The debate about the effects of corporate restructuring on industrial investment in research and development has important implications for public policy, since research and development is vital to the nation's ability to compete in the global marketplace. Researchers worry that debt service will cut research and development funds; financiers argue that restructuring improves corporate efficiency without affecting research and development expenditures. This book eminated from a symposium sponsored by the Academy Industry Program. The speakers represented a range of opinions from government, Wall Street, industry, and academia. In addition to helping all sides in the dialogue learn something of the others' needs and expectations by presenting various points of view on the issue, the discussions identify areas in which more research is needed to guide policy decisions.

  1. ×

    Welcome to OpenBook!

    You're looking at OpenBook, NAP.edu's online reading room since 1999. Based on feedback from you, our users, we've made some improvements that make it easier than ever to read thousands of publications on our website.

    Do you want to take a quick tour of the OpenBook's features?

    No Thanks Take a Tour »
  2. ×

    Show this book's table of contents, where you can jump to any chapter by name.

    « Back Next »
  3. ×

    ...or use these buttons to go back to the previous chapter or skip to the next one.

    « Back Next »
  4. ×

    Jump up to the previous page or down to the next one. Also, you can type in a page number and press Enter to go directly to that page in the book.

    « Back Next »
  5. ×

    To search the entire text of this book, type in your search term here and press Enter.

    « Back Next »
  6. ×

    Share a link to this book page on your preferred social network or via email.

    « Back Next »
  7. ×

    View our suggested citation for this chapter.

    « Back Next »
  8. ×

    Ready to take your reading offline? Click here to buy this book in print or download it as a free PDF, if available.

    « Back Next »
Stay Connected!