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Research And Development

Research and Development Submitted by Samuel F. Castronuevo Table of Contents Page/s Mission and Purpose of Research and Development………………. 2 Development Strategies……………………………………………… 3 Organization of Research and Development……………………….. 3 Technological Advances through R & D………………………….… 4 Invention………………………………………………………. 4 Innovation……………………………………………………… 5 Diffusion………………………………………………..……… 6 Imitation and R & D Incentives……………………………………. 6 Imitation Problem………………………………………………. 7 . Patents…………………………………………………………. 7 Copyrights and Trademarks…………………………………… 8 Brand Name Recognition……………………………………… 9 Trade Secrets…………………………………………………. 9 Research and Development Expenditures………………………. 10 University and Government Scientific Research………………… 10 Technological Advancement and Development of Modern PC…. 12 Research for New Materials………………………………………. 16 Research and Future Trends……………………………………… 19

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………………………………………………………… 28 RESEARCH AND DEVELOPMENT MISSION AND PURPOSE OF RESEARCH AND DEVELOPMENT Manufacturing companies’ Research and Development (R & D) groups significantly contribute to United States’ fast-paced industrial technology development. They promote industrial growth, and enhance the social well-being of the people. Normally, companies, especially those with enough resources, accept research contracts from the government and the private-sector to undertake the research of: - Medium and long-term applied research in development of generic, forward-looking, and advanced technologies; - Short-term research to improve processes and to develop new products according to industrial needs. Most reset projects will go through a trial mass production to ensure the feasibility of new industrial technologies and plans for strategic withdrawals upon project completion. The research results are disseminated to the industrial sector in a timely and appropriate fashion in accordance with the principles of justice, fairness, and openness. They also provide industrial services to foster the technological development of small and medium-sized businesses and cultivate human resources in industrial technology for the benefit of the nation. DEVELOPMENT STRATEGIES Research development strategy depends on the present growth of environment and the industrial development potential of the future. The strategy is also attuned to international trends, emphasizes environmental protection and safety issues, as well as preservation of natural resources. Management of Research and Development constantly reviews and revises its task loading to be in effective in its future search for new discipline and avenue of research. In carrying out science and technology projects, manufacturing companies constantly update their focus on forward-looking, innovative technology research and development, and set new goals for promoting advanced technologies. In contrast to the case of fundamental scientific research, the major purpose is the creation of maximum benefits for industry in a five-to-ten- year time frame. ORGANIZATION OF RESEARCH AND DEVELOPMENT Successful companies relied mostly on the abilities of their core of management personnel. Some are also encouraging participative type of management where inputs direct from operators and plant personnel are look at and recommendation to adapt any measures to pursue or to drop the suggestions received. Below is an example of an organization focused on Research and Development. Research Division TECHNOLOGICAL ADVANCEMENT THROUGH R & D INVENTION The most basic element of technological advance is invention: the first discovery of a product or process through the use of imagination, ingenious thinking, and experimentation and the first proof that it will work. While invention is a process, the result of the process, unfortunately, is also called invention. The first prototype (basic working model) of the telephone, the automobile, the television set, the microchip - each of these is an invention. Invention is usually based on scientific knowledge and is the product of the individuals, either working on their own or as members of corporate R & D staffs. INNOVATION Innovation, a second element of technological change, draws directly on invention. While invention is “first discovery and proof of workability,” innovation is the first successful commercial introduction of a new product, the first use of a new method, or the creation of a new form of business enterprise. Innovation is of two broad types: product innovation, which involves new and improved products or services; and process innovation, which involves new and improved production or distribution methods. Unlike inventions, innovations, such as cannot be patented. Nevertheless, innovation is a major factor in competition since it sometimes enables a firm to “leapfrog” competitors by making their products or processes obsolete. For example, personal computers coupled with software for word processing unceremoniously pushed some typewriter manufacturers into relative obscurity. But innovation need not destroy existing firms. Aware that new products and processes can threaten their survival, existing firms have a powerful incentive to engage continuously in R & D of their own. Innovative new products and processes often enable these firms to maintain or increase their profit. The introduction of aluminum cans by Reynolds, disposable contact lenses by Johnson & Johnson, and scientific calculators by Hewlett-Packard are good examples. Thus, innovation can either diminish or strengthen existing market power. DIFFUSION The spread of an innovation through imitation or copying is known as diffusion. To take advantage of new profit opportunities or slow the erosion of their profit, new and existing firms emulate the successful innovations of others. Years ago McDonald’s successfully introduced the fast-food hamburgers; Burger King, Wendy’s, and other firms soon copied that idea. Chrysler Corporation profitably introduced a luxury version of its Jeep Grand Cherokee; others manufacturers including Ford, Acura, and Mercedez have countered with luxury sport-utility vehicles of their own. In each of these cases, innovation has led eventually to widespread imitation-that is, diffusion. IMITATION AND RESEARCH AND DEVELOPMENT INCENTIVES IMITATION PROBLEM A firm’s rivals may be able to imitate its new product or process, greatly reducing the originator’s profit from its R & D effort. As just one example, in the 1980’s U.S. auto firms took apart Japanese Honda Accords, piece by piece, to discover the secrets of their high quality. This reverse engineering - which ironically was perfected earlier by the Japanese – helped the U.S. firms incorporate innovative features into their own cars. This type of imitation is perfectly legitimate and fully anticipated; it is often the main path to widespread diffusion of an innovation. In fact, a dominant firm which is making large profits from its existing products may let smaller firms in the industry incur the high costs of product innovation while it closely monitors their successes and failures. The dominant firm then moves quickly to imitate any successful new product; its goal is to become the second firm to embrace the innovation. In using this so called fast-second strategy, the dominant firm count on its own product- improvement abilities, marketing prowess, or economies of scale to prevail. Example: Royal Crown introduced the first diet cola, but Diet Coke and Diet Pepsi dominate diet-cola sales today. PATENTS Imitation and the fast-second strategy raise an important question: What incentive is there for any firm to bear the expenses and risks of innovation if competitors can imitate its new or improved products? Why not let others bear the costs and risks of product development and then just imitate the successful innovations? Although we have seen that this may be a plausible strategy in some situations, there are several protections for, and potential advantages to, taking the lead. Some technological breakthroughs, specifically inventions, can be patented. Then they cannot be legally imitated for two decades. The purpose of patents is, in fact, to reduce imitation and its negative effect on the incentive for engaging in R & D. Example: Polaroid’s patent of its instant camera enabled it to earn high economic profits for many years. When Kodak “cloned” the camera, Polaroid won a patent infringement lawsuit against its rival. Kodak not only had to stop producing its version of the camera but also had to buy back the Kodak instant cameras it had sold and pay millions of dollars of damages to Polaroid. COPYRIGHTS AND TRADEMARKS Copyrights protect publishers of books, computer software, movies, videos, and musical compositions from having their works copied. Trademarks give the original innovators of products the exclusive right to use a particular product name. By reducing the problem of direct copying, these legal protections increase the incentive for product innovation. They have been strengthened worldwide through recent international trade agreements. BRAND-NAME RECOGNITION Along with trademark protection, brand-name recognition may give the original innovator a major marketing advantage for years or even decades. Consumers often identify a new product with the firm first introducing and popularizing it in the mass market. Examples: Levi’s blue jeans, Kleenex soft tissues, Johnson and Johnson’s Band-Aids, Sony’s Walkman, and Kellogg’s Corn Flakes. TRADE SECRETS Some innovations involve trade secrets, without which competitors cannot imitate the product or process. Example: Coca-Cola has successfully kept its formula for Coke a secret from potential rivals. Many other firms have perfected special production techniques known only to them. In a related advantage, a firm’s head-start with a new product often allows it to achieve substantial cost reductions through learning by doing. The innovator’s lower cost may enable it to continue to profit even after imitators have entered the market. RESEARCH AND DEVELOPMENT EXPENDITURES As it relates to businesses, the term “research and development” is used loosely to include direct efforts toward invention, innovation, and diffusion. However, government also engages in R&D, particularly that related to national defense. In 1995, total U.S. R&D expenditures (business plus government) were $179 billion. This amount was about 2.5 percent of U.S. GDP and is a reasonable measure of the emphasis an economy puts on technological advance. American manufacturers and businesses spent $132 billion on R&D in 1995. U.S. firms collectively channeled 74 percent of their R&D expenditures to “development” (innovation and imitation, the route to diffusion). They used another 21 percent for applied research, roughly equivalent to pursuing invention. Only 5 percent of business R&D expenditures went for basic research - the search for general scientific principles. Of course, different industries, and different firms within industries, vary greatly in the amounts of emphasis they place on these three processes. UNIVERSITY AND GOVERNMENT SCIENTIFIC RESEARCH Only 5 percent of manufacturers and business R&D spending in the United States is for basic scientific research. This percentage is so small because scientific principles, as such, cannot be patented, nor do they usually have immediate commercial uses. Yet new scientific knowledge is highly important to technological advance. For that reason, entrepreneurs actively study the scientific output of university and government laboratories to find discoveries with commercial applicability. In fact, government and university labs have been fertile grounds for many technological breakthroughs, including hybrid seed corn, nuclear energy, satellite communications, the computer “mouse,” genetic engineering, and the Internet. Entire new high-tech industries- computers and biotechnology, for example-have sprung up close to major research universities and government laboratories. And nations with strong scientific communities tend to have the most technologically progressive firms and industries. Also, firms increasingly help fund university research which relates to their products. Today, the separation between university scientists and innovators is narrowing; scientists increasingly realize their work may have commercial value and are teaming with innovators to share in the potential profit. A few firms, of course, do find it profitable to conduct basic scientific research on their own. New scientific knowledge can give them a major head-start in creating an invention or new product. This is particularly true in the manufacturing and pharmaceutical industry, where it is not uncommon for firms to parlay new scientific knowledge from their corporate labs into new, patentable products. TECHNOLOGICAL ADVANCEMENT AND DEVELOPMENT OF THE MODERN PC Technological advance is clearly evident in the development of the modern personal computer and the emergence of the Internet. Here is a brief history of these events. 1945 Grace Murray Hopper finds a dead moth between relay contacts in the experimental Mark II computer at Harvard University. Whenever the computer subsequently malfunctions, workers set out to “debug” the device. 1946 ENIAC is revealed. It is a precursor to the modern-day computer that relies on 18,000 vacuum tubes and fills 3000 cubic feet of space. 1947 AT&T scientists invent the “transfer resistance device” later known as the transistor. It replaces the less reliable vacuum tubes in computers. 1961 Bob Noyce (who later founded Intel Corporation) and Jack Kilby invent the first integrated circuit, which miniaturizes electronic circuitry into a single silicon chip. 1964 IBM introduces the System/360 computer. Configured as a system, it takes up nearly the same space as two tennis courts. 1965 Digital Equipment Corporation unveils its PDP-8, the first relatively small-sized computer (a “minicomputer”). 1969 A networking system called ARPANET is born; it is the beginning of the Internet. 1971 Intel introduces its 4004 processor (a “microprocessor”). The $200 chip is the size of a thumbnail and has as much computing capability as the earlier ENIAC. 1975 Xerox markets Alto, the first personal computer (a “microcomputer”). Bill Gates and Paul Allen found Microsoft. MITS Corporation’s Altair 8800 arrives on the scene. It contains the Intel’s 8080 microprocessor that Intel developed a year earlier to control traffic lights. 1977 Apple II, Commodore’s PET, and Tandy Radio Shack TRS-80 go on sale, setting the stage for the personal computer revolution. 1981 IBM enters the market with its personal computer powered by the Intel 8800 chip and operated by the Microsoft Disc Operating System (MS- DOS). Osborne Computer markets the Osborne 1, the first self-contained microcomputer, but within two years the firm declares bankruptcy. Logitech commercializes the “X-Y Position Indicator for a Display System,” invented earlier by Douglas Engelbart in a government-funded research lab. Someone dubs it a “computer mouse” because it appears to have a tail. 1982 Compaq Computer “clones” the IBM machines; others do the same. Eventually Compaq becomes the leading seller of personal computers. 1984 Apple introduces its Macintosh computer, with its “user-friendly” icons, attached mouse, and a preloaded software. College student Michael Dell founds Dell Computers, which builds personal computers and sells them through mail order. IBM, Sears Roebuck, and CBS team up to launch Prodigy Services, the first on-line computer business. 1985 Microsoft releases its Windows graphical interface operating system that improves upon MS-DOS. Ted Waitt starts a mail-order personal computer business (Gateway 2000) out of his South Dakota barn. 1990 Microsoft introduces Windows 3.0 which, like Macintosh, features windows, icons, and pull-down menus. Apple sues Microsoft for copyright infringement. 1991 The World Wide Web (an Internet system) is invented. 1993 Intel introduces its first of several Pentium chips, which greatly speeds up computing. The courts reject Apple’s claim that Microsoft violated its copyrights on its Macintosh operating system. 1994 Marc Andreessen starts up Netscape Communications and markets Netscape Navigator, which quickly becomes the leading software browser for the emerging Internet. David Filo and Jerry Yang develop Yahoo, a system for locating material stored on the Internet. 1995 Microsoft releases Windows 95 operating system, and it becomes the dominant operating system of personal computers (90 percent market share). Microsoft is now well established as the world’s leading software producer. Sun Microsystems introduces Java, an Internet programming language. 1996 Playing catch-up with Netscape, Microsoft develops Microsoft Internet Explorer and gives it away free. More than 40 million personal computers are manufactured worldwide during this year alone. 1997 Oracle Computers introduces a relatively inexpensive “network” computer that bypasses Windows and goes directly to the Internet. Forbes magazine reports that among the top-50 wealthiest Americans are several people associated with the personal computer business: Gates ($40 billion), Allen ($17 billion), Lawrence Ellison (Oracle; database and spreadsheet software, $9 billion), Gordon Moore (Intel; $9 billion), Steven Ballmer (Microsoft; $8 billion), Dell ($6 billion), William Hewlett (Hewlett-Packard; $4 billion), and Waitt ($3 billion). More than one out of four U.S. household have a personal computer, and the use of the Internet explodes. Employment in the U.S. software industry tops $2 million. 2000 IBM Corporation introduced the world’s most powerful computer. IBM says its massive “ASCI White” computer can perform 12 trillion calculation per second. RESEARCH FOR NEW MATERIALS Modern material scientist and alchemist do investigate why a material behaves the way it does. Then, when they start to get answers, they begin asking , “ Why not?” as they make new materials that behave in ways different from anything under the sun. These advanced materials unleash a vast array of new technologies- from faster and safer airplanes to heart valves that can extend life for decades. Sometimes the results are startling-as in a metal alloy so moldable it can be blown into a bubble, or a ceramic that goes into the heart of an automobile engine without melting or breaking, or a fabric that stops bullets, or a glass that is so clear you can look through a piece a hundred miles thick and not even know it is there. A recent development shows how important this can be. Modern digital computers, large NC machines and or laptops are now dependent upon microprocessors-computer chips made from crystals of silicon and small amounts of other elements. Silicon, an excellent material for controlling electrons, is a semiconductor. Superconductivity, the flow of electricity without resistance, was discovered in 1911, but it was phenomenon that could occur only at extremely low temperatures. In order to superconduct, metals needed to be immersed in liquid helium at 4 kelvin or minus 460  F making the process expensive and impractical for everyday use. In 1986, IBM scientists cooled a ceramic pellet of copper, barium, and rare earth lanthanum oxides and watched it lose electrical resistance at 30 K. This discovery set the scientific world off on a wonderful chase to find even better superconducting materials. In 1987, a team headed by physicist Paul Chu of the University of Houston replaced the rare earth lanthanum with an yttrium compound. Chu’s recipe lost resistance at 93 K- well above 77 K, the temperature of liquid nitrogen. This breakthrough was key: Nitrogen is abundant , easier to cool than helium and a fraction of the cost. This promising discovery jolted the scientific and engineering world. Since then, superconductors had become the catchphrase springing loose money for research and fantasies for about “flying” trains that travel 300 miles an hour using magnetic levitation, cheap electricity that can be stored at will, and superefficient motors. However, the problems have been daunting. ceramic materials of high temperature superconductors are often brittle, unpredictable, and fickle. They tend to lose their superconductivity when anything but small currents are applied, and they lack the flexibility to be shaped into useful forms, such as wires or coils. Innovative researches and approaches are under way to overcome these obstacles. MIT scientists are making wires from easily shaped metallics, then oxidizing the wires into superconducting ceramics. At a nearby lab, MIT chemical engineers are exploring the potential of pure carbon materials, known as fullerenes-or buckyballs-to act as high temperature superconductors. Long tubes of carbon atoms conceivably can be made cheaply and in large numbers; such buckytubes would be very strong, and under the right conditions could be made into superconducting wires. Still, after more than half a decade of intensive research, no agreed upon theory exists that explains the behavior of high temperature superconductors, nor is there any consensus about how best to make such materials into everyday products but when success is finally achieved, superconducting wires will be at the heart of so many applications. Modern materials, instead of being used for building things, are often used for controlling energy and information. Across the ages, technology advanced with metals through an intensive R & D. Today, new processes arrange metal grains to create tougher, easier-to-shape alloys, such as superplastic steel that can stretch 11 times its original length. Copper, which carried telegraph , telephone, and other communications for more than a hundred years, has given way to glass, in the form of fiber optic cables. The digital signals in these cables carry much more information than copper conductors of the same size or cost. Material scientists are working now to make new kinds of glass that further reduce the cost of optical-fiber networks. They are making the glass so pure that light can travel in it for a hundred miles without any loss. MIT engineers are now developing new forms of silicon that will carry light signals even more efficiently than the best glass. For them, silicon is the key to recent technological progress. Another promising new material being researched and developed is nitinol. The smart wire nitinol remembers its shape. The nickel and titanium alloy can be twisted into spiral, heated, and dipped in ice and reheated and it would twist back to spiral. Makers of spring and bra supports find uses for the “memory alloy”. In addition, auto manufacturing R & D scientists are exploring the use of nitrogen ions. Nitrogen ions, used to beam down on a car crankshaft, harden the metal without the potential distortion of high-heat treatments. Such advances project new chapters for the 5,500 -year history of metals. RESEARCH AND FUTURE TRENDS With the integration of the modern PC to the manufacturing operations, a myriad of future and meaningful research and development will be inevitable. In June of 2000, IBM Corporation confirmed that it would soon deliver from its Research and Development Center what it calls the fastest and most powerful computer ever to the Department of Energy’s Lawrence Livermore Laboratory. The machine is really 512 computers and 8,192 microprocessors linked together. It’s designed to precisely simulate the explosion of nuclear weapons, so the US won’t have to perform nuclear testing. “ASCI White”, as the new computer is called, can perform 12 trillion calculations per second. ASCI stands for Advanced Strategic Computing Initiative. The computer’s fast calculation capability is equivalent of every man, woman and child on Earth adding 2,000 numbers per second. That’s about four times faster than the previous record holder, another IBM creation that performed 3 trillion calculations per second or 3 teraflops. The average home PC can perform a maximum of about 400 million calculations per second, about 30,000 times slower than IBM’s new creation. Other facts about the ASCI White according to IBM: -It covers 9,920 square feet of floor space, equivalent to the size of two basketball courts. -It weighs 212,600 pounds or 106 tons- the equivalent of 17 full-size Indian elephants -It requires 1.2 megawatts of power enough to power 1,000 typical homes. -The microprocessors inside contain 2,000 miles of copper wiring, enough to stretch from Washington, D.C. to Phoenix, Arizona. -It has 6.2 terabytes of memory, 97,000 times more than the average desktop PC with 64 MB of memory. -It would take one person with a calculator 10 million years to tabulate the number of calculations that ASCI White can handle in a single second. -If deployed as a web server, ASCI white could process an online transaction from every man, woman and child on the planet in one minute. With ongoing Research and Development projects like that of IBM’s , manufacturers are now channeling their resources to every inch of technological innovation to keep up with the advent of computer applications and breakthroughs. There are countless other innovations, too numerous for confinement that will also brighten the future. Some might be considered frivolous but innovation that can be translated into successful product demonstrably affects the economies of the world. That, in itself, is an awesomely important consideration for the future everywhere, particularly in the United States. In the past fifty years or so American innovators have consistently demonstrated a remarkable talent for discovery - the ability to combine dedicated research and creative thinking and conceive completely new methods of doing things - in such areas as electronics, communications, materials, and biotechnology. There is strong evidence to support the thesis that other countries are rapidly closing America’s lead in productive manufacturing research. But the familiar plaint that America’s researchers have somehow lost the knack for innovative thinking is simply not substantiated by fact. It is perhaps more reasonable to look at related areas when pondering why so many of the things in the overflowing horn of plenty, one symbol of America’s wealth and well-being, now wear “Made Elsewhere” labels. Time and again American scientists have created remarkable innovations - that have led to revolutionary new technologies - that have produced successful products - that have ended up being exploited in a masterly way by industries - in countries other than the United States. Available evidence indicates that marketing may well be that part of the “Yankee ingenuity” equation the United States has lost. As America looks toward the future, leaders in the private sector must encourage the development of vigorous new techniques that will allow their own firms and the U.S. economy to make better use of the innovators’ creations. Recent history is packed with examples of America’s inability or unwillingness to compete for huge markets it appeared capable of dominating, and there are signs those problems will worsen before they improve. The departed VCR industry has become a classic illustration of squandered opportunity. Yet the current rush toward high definition TV in the rest of the world presages another $25 to $50 billion industry that U.S. companies seem disinclined to enter. France and England now appear to be enjoying some admittedly expensive success with their supersonic airliner programs - the United States dropped SST research years ago. West Germany and Japan are investing hundreds of millions of dollars for major train systems - America seems a likely customer because it no longer has plans for its own. A number of national economies have gained glowing health because their governments either funded or helped fund practical research and development programs. In many instances these programs led to commercial applications that play a familiar role in American life. The U.S. government has not been tightfisted in appropriating money for research, but, from a practical business viewpoint, its record for obtaining an appropriate return on its investment is questionable. Clearly, some better mechanism than the systems now in place must be found to decide priorities - on a governmental level - that will permit American innovators to create the products that will benefit their fellow citizens and all of mankind. In recent years we have advanced from the vacuum tube to the transistor to the microchip, from typewriter carbon paper to the modern duplicating machine, from the early death certificate to organ transplants, miracle drugs, and genetically engineered health aids - because forward- looking, determined people were convinced there was a better way. But innovation does not occur in a vacuum. Great innovations often spring from the focused thinking of an intelligent, imaginative individual - a phenomenon that is as prevalent today as it was in the past. The most noticeable difference between the innovators of the past and those of today is that the latter have much better access to a larger body of knowledge. This, in itself, is an indication of the innovative processes that have hastened the arrival of the communications age and high tech revolution. Trial and error is still an integral part of scientific research, but newer approaches have often reduced the discovery time span. Chester Carlson, inventor of the xerography process, is the only one of our innovators who fits the classic mold of the solitary genius who struggles alone. It is no accident that his travail began in the earliest time period of our investigations and he was forced to turn to others before his dream began to be fulfilled in 1950. Yet the key to making xerography a commercial success was an organization that allowed extensive innovation in development, manufacturing, and marketing of his invention. Another of our innovators, Fred Smith of Federal Express, was an entrepreneur rather than an inventor. He also displayed enormous individual zeal in launching the innovation that was the product of his own mind, though he is the first to insist that he didn’t do it alone. Far more common in recent years are brilliant individuals such as Brattain, Bardeen, Shockley, Maiman, Alberts, Borel, Maurer, and Ginsburg, whose achievements resulted from work performed in commercial laboratories and research centers. Significantly, few if any of these industrial innovators had personal financial gain as the primary motivation for their efforts. The quest for knowledge, the desire to improve the lot for humanity, and the prestige of historic accomplishment were of primary importance to most of them. Of course, it must be stressed that few had much choice in the matter. Although permitting the name of the individual scientist to be given on the patent, virtually all major research organizations require employees to sign advance agreements that automatically confer ownership of the patents - and the subsequent financial rewards - to the employer. This has always been a contentious issue between scientist and corporation, and it is no coincidence that many of the innovators left their parent companies soon after making their discoveries in an attempt to form their own businesses and thus profit from their work. Commercially successful innovation must be accepted as a long-term process that requires a variety of total commitments from organizations that hope to capitalize from it. Consider the time spent by numerous researchers at Bell Labs in investigating the photovoltaic effect in silicon until the three inventors produced a working transistor, then add the years that passed before others elsewhere began to find important applications for the device. Theodore Maiman took approximately two years to develop the first working laser after Townes and Schawlow had published their breakthrough paper on the subject, but finding commercial uses for that and the many other types of lasers that followed is an ongoing process that seems destined to produce even more important applications in the years ahead. Innovators at 3M labored for eleven full years before they could produce any kind of commercial product out of the mysterious and risky fluorochemistry project the company had started in 1945. As for Sandoz and Merck, the time needed to discover a miracle drug is often measured in decades, and the firm that pays for the research cannot expect to begin recouping its investment until long after the breakthrough is achieved. In every instance, the potential rewards of innovation must be carefully weighed against the time, expense, and possible failure of the entire process. There are many innovative wonders on and beyond the horizon that will make our futures better because of imagination, dedication, and expertise of individuals and organizations all over the glove. A rededication to the can-do spirit of the past and the discovery of an effective mechanism for deciding scientific priorities, in balance with humanitarian and economic needs, would help America’s innovators to make many more exiting contributions in the innovative years ahead.

Bibliography

Friedel, Robert , New Materials: Frontline of Discovery, National Geographic Society, Washington, D.C.,1998 McConnell, R & D: Economics, 14th Edition,McGraw Hill, 1999 Diebold, John, Discoveries, Inventions and Breakthroughs of Our Time, New York Times, 1990 MSNBC: Pencil News for Kids, World’s Powerful Computer, http://www.msnbc.com/local/pencilnews/250631.asp Pursell, Carroll, Technology in Western Civilization, Oxford University Press, 1994 Amrine, Harold T, Manufacturing Organization and Management, 6th Edition, Prentice Hall, 1993

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