R&D SPENDING AND ITS INFLUENCE ON MNC'S LEVEL OF INNOVATION

The article dwells on interdependence of research and development spending of MNC's and company's level of innovation. This article highlights the role and importance of correct approach to innovation. The article contains survey results of Top 20 R&D spenders and Top 10 most innovative companies and defines indirect dependence between these indicators. Research has shown that not always those companies, which invest most in research and development, are the most innovative. Often it can even be quite to the contrary.