Chemical Industry Case Study: Difference and Shifts in R&D Strategies
DOI:
https://doi.org/10.47611/jsrhs.v12i4.5903Keywords:
Chemical Industry, LG Chem, DSM, R&D, ExxonMobilAbstract
This paper aims to examine the role of research and development (R&D) in the growth of three main companies in different nations: DSM (Dutch State Mines), LG Chem, and Exxon Mobil. These three companies have demonstrated distinct strategies for R&D that have shaped their evolution and contributions to their respective industries. This paper will also dive into the history of these three companies and how major events have influenced their R&D spending, along with the trends found in their spending. This case study highlights the pivotal role of R&D spending in shaping the companies’ strategies, innovation culture, and contribution to their industries and nations.
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