The organizational framework for governance of the corporate R&D strategy

Summary form only given. Governance is a concept for longer periods and broader perspectives in corporate management introduced by R.K. Mueller (1981) and R.I. Tricker (1984). The author discusses the importance of governance for the growth of the corporate organization. The concept of governance could make clear the difference between governance and management. Governance is focused on the stakeholders, who are all concerned with the corporate activities, e.g. shareholders, employees, local area, government, and academia. The corporate managerial concept is considered to consist of three points: governance, management, and stakeholders. From the viewpoint of governance, the target of responsibility for each management level can be made clear.<>