These are exciting times for product developers in many industries, not just for all the new technologies and capabilities being incorporating into new products and product lines these days, but also for the management science around the practices and processes used from creation through launch. There is a long time lag from the initial concept,…
Do You Know Your Research Quotient For R&D Spending?
How does your company determine how much to spend each year on R&D? Likely, a group of senior executives get together and offer their thoughts on what the figure should be for the next year. After a back and forth discussion focusing on the right amount for R&D, other corporate financial considerations are then put…
An Uptrend in U.S. R&D Spending: Possible Breakthrough Period Ahead
U.S. spending trends Noting again that the NSF data is in arrears, let’s use R&D Magazine‘s GFF data to examine recent trends. Globally, China, Korea, and the Scandinavian countries are making consistent waves. The data shows it. But, for this article, let’s just pull out the pieces from past and current GFFs for the U.S. …
The Difference Between Research and Development
The already unclear lines separating research from development are getting even blurrier as more companies allocate some part of their R&D budget to take on riskier projects, and invest in the necessary infrastructure to manage these riskier activities. New products are now being launched out of recently formed “Innovation” organizations”, and more are coming from…