Industrial Research Institute's R&D Trends Forecast for 2011: Investment in R&D Is Projected to Rebound as Focus on Innovation Intensifies

By Antcliff, Rich | Research-Technology Management, January-February 2011 | Go to article overview

Industrial Research Institute's R&D Trends Forecast for 2011: Investment in R&D Is Projected to Rebound as Focus on Innovation Intensifies


Antcliff, Rich, Research-Technology Management


The Industrial Research Institute's (IRI) 2010 survey of member companies suggests that 2011 may see a dramatic turnaround in R&D investment. This year, 119 companies across a broad range of industries provided input to the survey; their responses indicate that R&D increases are expected across almost all industry sectors.

The primary focus of this investment is on new-business development projects. Aggressively pursuing innovation and balancing innovation in the overall R&D portfolio continue to be management challenges for the leaders who responded to the survey. They are also concerned about acquisition of, and access to, talent. However, they consistently cite alliance development as a strategy that they are pursuing to address these concerns.

Background

This is the IRI's 27th R&D Trends Forecast. The survey, which was conducted in July and August of 20 ] 0, is focused on expectations for industrial R&D investment in 2011 and based on responses from 95 IRI member companies and 23 non-IRI companies. Because this is a voluntary survey and IRI membership changes due to business events such as mergers, the mix of companies changes from year to year. Nevertheless, we believe that there are a sufficient number of responses from the industrial R&D community for the data to be meaningful.

The results of this survey are discussed as follows:

* A profile of participants

* A summary of R&D expectations

* The trends of expectations over time

* The trends by industry sector

* A look back at last year's predictions and a comparison with this year's results

* Insights into R&D collaboration

* Trends in international collaboration

* Answers to the question "What keeps you up at night?"

Profile of Survey Participants

Figure 1 shows the distribution of the 119 survey participants by projected 2011 corporate revenues. The participants are medium to large companies, many multinational, with a total of 308 laboratories outside of the United States in 43 countries.

As Figure 2 illustrates, 80 percent of the companies surveyed were IRI members, but nonmembers were also invited to participate, and 23 nonmember companies accepted the invitation.

A Summary of R&D Expectations

The principal survey questions and the distribution of the responses are presented in Table 1.

The R&D managers we surveyed projected a significant upturn in R&D spending in 2011; 53 percent of respondents indicated that they expected an increase in their R&D budgets, while only 12 percent expect a decrease. The managers expect this increase to be focused on newbusiness projects. While most respondents reported expectations that capital spending, support of existing businesses, and directed basic research would remain relatively flat, 60 percent indicated that they thought R&D budgets focused on new-business development would increase, as compared with only 9 percent who thought their spending in this area might decrease. It should be mentioned that although expectations of funding for directed basic research on average remained relatively flat, there are companies who are both significantly increasing and significantly decreasing these budgets, displaying very different strategies for the future.

The expectations for R&D hiring in 2011 also appear to be positive. Although very few respondents expect large increases, most companies will remain at current levels or increase either professional personnel levels or new-graduate hiring or both. Finally, most managers indicated that their companies are staying with their current licensing strategies, with approximately 70 percent of managers indicating that they will not change the dollar value of licenses that they acquire or produce in the coming year.

[FIGURE 1 OMITTED]

Trends Over Time

It is very useful to look at the trends in this survey data over time. …

The rest of this article is only available to active members of Questia

Already a member? Log in now.

Notes for this article

Add a new note
If you are trying to select text to create highlights or citations, remember that you must now click or tap on the first word, and then click or tap on the last word.
One moment ...
Default project is now your active project.
Project items

Items saved from this article

This article has been saved
Highlights (0)
Some of your highlights are legacy items.

Highlights saved before July 30, 2012 will not be displayed on their respective source pages.

You can easily re-create the highlights by opening the book page or article, selecting the text, and clicking “Highlight.”

Citations (0)
Some of your citations are legacy items.

Any citation created before July 30, 2012 will labeled as a “Cited page.” New citations will be saved as cited passages, pages or articles.

We also added the ability to view new citations from your projects or the book or article where you created them.

Notes (0)
Bookmarks (0)

You have no saved items from this article

Project items include:
  • Saved book/article
  • Highlights
  • Quotes/citations
  • Notes
  • Bookmarks
Notes
Cite this article

Cited article

Style
Citations are available only to our active members.
Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

(Einhorn, 1992, p. 25)

(Einhorn 25)

1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

Cited article

Industrial Research Institute's R&D Trends Forecast for 2011: Investment in R&D Is Projected to Rebound as Focus on Innovation Intensifies
Settings

Settings

Typeface
Text size Smaller Larger Reset View mode
Search within

Search within this article

Look up

Look up a word

  • Dictionary
  • Thesaurus
Please submit a word or phrase above.
Print this page

Print this page

Why can't I print more than one page at a time?

Help
Full screen

matching results for page

    Questia reader help

    How to highlight and cite specific passages

    1. Click or tap the first word you want to select.
    2. Click or tap the last word you want to select, and you’ll see everything in between get selected.
    3. You’ll then get a menu of options like creating a highlight or a citation from that passage of text.

    OK, got it!

    Cited passage

    Style
    Citations are available only to our active members.
    Buy instant access to cite pages or passages in MLA, APA and Chicago citation styles.

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn, 1992, p. 25).

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences." (Einhorn 25)

    "Portraying himself as an honest, ordinary person helped Lincoln identify with his audiences."1

    1. Lois J. Einhorn, Abraham Lincoln, the Orator: Penetrating the Lincoln Legend (Westport, CT: Greenwood Press, 1992), 25, http://www.questia.com/read/27419298.

    Cited passage

    Thanks for trying Questia!

    Please continue trying out our research tools, but please note, full functionality is available only to our active members.

    Your work will be lost once you leave this Web page.

    Buy instant access to save your work.

    Already a member? Log in now.

    Oops!

    An unknown error has occurred. Please click the button below to reload the page. If the problem persists, please try again in a little while.