This book tells the story of how and why industrial research was
established in America by two large and innovative corporations: General
Electric, formed in a merger of Edison General Electric and
Thomson-Houston in 1892, and the dominant force in the American
electrical industry ever since; and American Telephone and Telegraph,
the commercial outgrowth of Alexander Graham Bell's invention of the
telephone. Important lessons can be drawn from the early efforts of
these two corporations. Through industrial research - and particularly
through the development of patented products and processes - large
companies could begin to exert a new degree of market control by
strongly influencing the rate and direction of technological change. The
development of industrial research also had a profound impact on science
and technology in America. It affected the content and methods of both
by providing new opportunities, incentives, and constraints to the
growing community of students and engineers.