More worryingly and problematic is that there is also a notion of "not invented here" where business units have very little patience for things coming out of research units because they weren't involved. It's petty and stupid and in Nokia's case a large part of the reason why Apple and Google ate its lunch. It's not that they did not have competing technology but that they didn't know what to do with it.
Corporate R&D works best when corporate leadership has some level of affinity with it. Elon Musk is a great example of a true R&D minded leader. All his companies are basically are R&D labs that happen to produce insanely valuable products as a side effect. It takes a certain type of leadership to funnel billions to the right projects and then turn them into successful products. It requires something most business leaders simply don't have: a clue. Elon Musk for all his flaws understands technology deeply. Most of his contemporaries in the car industry are clueless bean counters that know little more about cars than the number of wheels they are typically equipped with. I bet pretty much all of them had R&D labs 20 years ago working on exactly the kind of things that Tesla brought to market successfully. They just bungled turning that into product because of a lack of vision & technical leadership.