Technology diversification in "MUL-TECH" corporations

This paper explores the nature of technology diversification at the product and corporate levels and shows its strong impact upon growth of R&D expenditures and growth of corporate sales. The emergence of "mul-tech" corporations, that is, corporations operating in many technologies, is demonstrated and the hypothesis that technology diversification creates a potential for growth is tested. However, in order to realize mul-tech-based growth it is...