The expenses on R&D is the most popular indicator of company innovation level. And many organizations are following that. They dump money on R&D with the hope to innovate more. But the question is, Is there a correlation between innovation rank and R&D expenses? There is a lot of related information you can find on the web, we, however, made our own analysis that confirmed that high R&D spending does not mean high innovation level of a company. In short, you can’t buy yourself an innovation. High innovation rank at low R&D cost should be the preferable target for a…