I’m reading in the Money Section of USA Today that IBM is launching a new service to help companies manager their R&D efforts. Corporations are cutting their R&D budgets and are demanding more efficiency from their efforts.
I realize there is a real nashing of teeth (is that an expression?)on the trimming of R&D budgets in recent years. It makes me nervous as well. Yet, invention is not automatically innovation and spending on science does not automatically lead to product development. You can boost efficiencies and cut R&D—if you do it right. With the global expansion of talent, with really, really smart Russian, Polish, Indian, Chinese, Argentinian, Israeli—it goes on—scientists and engineers now available to companies, you can increase your creative work at less cost if you organize it right.
IBM is trying to build a business in this space and I wish it luck.
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