For a large, multinational corporation like IBM, there are many challenges in the capital budgeting process. This part of the project will use IBMs website (http://www.ibm.com/us) to answer the following questions.

From the front page, scroll all the way down and click on "About IBM".

Click on it. You will find a lot of projects there.

1.From the sites front page, access IBM Research (it changes from year to year, but it is under the About IBM tab at the bottom of the page). Choose three projects from the list and describe what the projects are and what resources they require.

2.Can any of the projects that you selected be described as research collaborations? Why?

3.Can any of the projects that you selected be described as academic collaborations? Why?

4.Go back to the IBM front page, find Investor Relations at the bottom of the page. Go to IBMs most recent annual report. How much did IBM spend on research, development, and engineering in the most recent year? How did this compare with the previous year?