Staying alive: Running chemical R&D like a business



Staying alive: Running chemical R&D like a business


R&D departments are increasingly facing higher scrutiny as businesses forgo exploratory research in favor of projects that will lead to short-term gains.

But with competition heating up in innovation-hungry places like China, businesses can’t afford to sacrifice R&D if they want long-term success. That’s why R&D heads need to start making their case in business terms.

This article makes three suggestions for how to pursue innovation with a business mindset:

  • Be strategic with your innovation investments by diversifying your R&D portfolio with promising projects and a few risky ones as well.
  • Think of your R&D portfolio from a financial perspective and be prepared to discuss costs and projections with company executives.
  • Look for problems that need to be solved and ask what your R&D team can create to solve those problems.

Please fill in the form to learn how to pursue innovation better.

To access the complimentary white paper 'Staying alive: Running chemical R&D like a business', please fill in the form below.


Discover the R&D Solutions supporting Chemical R&D

Reaxys

Reaxys improves productivity, combining experimental chemical data and essential literature to return relevant extracted chemical data and citations in response to chemistry questions.


Learn more about Reaxys
Contact a Reaxys expert

ScienceDirect

ScienceDirect helps chemical companies validate opportunities for NPD growth and optimize research and experimental approaches by providing visibility and in-depth insights on the latest state-of-the-art chemistry developments and chemical applications.

Learn more about ScienceDirect
Contact a ScienceDirect expert