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Assessing the Value of Research in the Chemical Sciences (1998) / Chapter Skim
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Panel Discussion: Introductory Session
Pages 28-32

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From page 28...
... Out of this study, six drivers emerged, and their impact is phenomenal in terms of the success rate of major industries. Some of them are the following: · Interspersing business and technology This includes the marketing aspect.
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From page 29...
... Because of their experiences in World War II, fueled by the Cold War and the massive government infusion of research funds, they simply overinvested in research. In 1959 Richard Nelson published what is now the fundamental paper in the economics of innovation, "Simple Economics of Basic Scientific Research." This paper was partially a response to the crisis that had developed with the launching of Sputnik in 1957.
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From page 30...
... It is at least reasonable to speculate that part of the downsizing is associated with moving research into fabrication facilities, production facilities, and so on. In no small part, that is tied up with the fact that, if you make very large investments in long-range research in these complex areas, you repeatedly find instances such as the Japanese commitment to analog high definition TV (HDTV)
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From page 31...
... We talk about basic and applied research. Some of you may know or have known Donald Stokes at Princeton University, whose book, called Pasteur's Quadrant (which has yet to appear)
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From page 32...
... It seems like a more productive approach would be to work backwards from a well-known or valuable product or development of some kind and trace the innovative process through the development stages back to the research phases and then back to "eureka." Gathering a database like this might help us better understand this process and come up with an effective measure.
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Key Terms

  • dynamic model
  • central research
  • business units
  • major innovations
  • linear model

  • richard nelson
  • moving research
  • main outcomes
  • states actually
  • reached essentially

  • single expert
  • human behavior
  • common threads
  • six drivers
  • industrial sector

  • economist burton
  • missile gap
  • explore parallel
  • parallel paths
  • establish metrics

  • mandated requirement
  • studying complex
  • production facilities
  • formal research
  • explicit scientific

  • draw common
  • productive approach
  • economic assessment
  • invested heavily
  • strong ideological


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