R&D risk

For research and development, a company needs to have the strength to afford losses. For an individual, it’s just luck. Experiences of failure are also very valuable.

If genuine efforts are made in research and development, it is beneficial for companies, the industry, and individuals alike; the key is to be willing to invest funds!

For a company to develop, research and development is essential.

Research and development is one of the main ways for enterprises to gain a competitive advantage. Of course, there are risks associated with R&D, but for people in China, pursuing paths that involve circumventing patents or developing products that do not involve original innovation presents relatively low risks; at least, the issues related to yield rates in laboratory experiments are not too serious. Of course, it’s better to have talents such as doctors and postgraduate students on board to increase certainty； Furthermore, since the pilot production has been achieved, innovation in industrial design is also necessary to further reduce costs; the two aspects are closely interconnected. With a balanced allocation in these two areas, it is not difficult to achieve a certain technological advantage, and such cost investment is worthwhile.

Research and development is a long-term, ongoing effort

A large part of the risks in research and development stem from an unclear definition of market demand.

Research and development are essential for businesses, as they represent innovation and technology; for individuals, it is a process of accumulating experience, though this varies from person to person. For example, if a skilled chef focuses on studying soy sauce, it could lead to significant improvements in his cooking skills, while if a doctor conducts research, it might result in just a pile of data

I developed on my own a process for efficiently and cost-effectively recovering rhenium, yet the boss said that the costs associated with innovation were too high, and that the whole world couldn’t do that! Alas, the ammonium perrhenate obtained through single crystallization without concentration or cooling contains more than 69.40% rhenium

I can confidently say that my technology far outperforms existing techniques for extracting rhenium, in terms of every single criterion

No risk at all means no opportunities either

The path is wrong; the more knowledge one has, the more reactionary one becomes. The path is wrong; the more innovation there is, the more losses there are

Thoughts determine the path, and concepts shape the future

Research and development essentially involves finding the right path among countless mistakes; if one already knows what the right path is from the start, then what’s the need for research and development? A lot of R&D work requires significant money and effort, yet yields no results in the end; often, the problem lies in the methodology. For example, to verify a hypothesis, one might spend half a day only to realize that the hypothesis is incorrect. Many people think this means achieving nothing, but that’s not the case; verifying a hypothesis is also a form of achievement, and disproving it is as well. Moreover, throughout the work process, there are often technical breakthroughs and new attempts made. Only by accumulating the necessary conditions is it possible to find the necessary and sufficient conditions.

Personally, I think the technology is cheap; once one company has it, it won’t take long before it’s available everywhere else.

Your research and development achievements will surely find their use