The race has maintained its original ideals since it began in 1985 by focusing on teamwork, camaraderie, physical fitness and competition. The number of participating teams have grown from the original 19 in 1985 to nearly 300 which includes over 8000 runners.
Investments into R&D are key to maintaining and/or improving competitiveness for the long term, and Honeywell spent about $2.1 billion on it in 2016. If You Can't Beat 'Em, Buy 'Em Honeywell has a market capitalization of about $99 billion.
One of the hallmarks of Silicon Valley companies is that they tend to increase their research and development (R&D) budget during tough times, not shrink them. Facing a slowdown in iPhone sales and other tribulations, Apple is on track to spend $10 billion on R&D this year, a 30% increase from 2015. Thatâs quite a leap. If you look at Appleâs recent financial report, you know the Cupertino, Calif. company had phenomenal earnings last quarter.