There are two points in the 'budget allocation' to which all scientific research is destined
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In fiction works such as movies, the moment of scientific discoveries and inventions are depicted dramatically, but the development of science in reality can be said to be the foundation of steady basic research and demonstration experiments. However, there should be many people who do not know what stage of technology should be selected after spending a large amount of money before it has achieved results and results. Under these circumstances, a study was presented that clarified the relationship between research evaluation and budget allocation by focusing on the “words” used in academic research evaluation.
'Taking leaps of faith: Evaluation criteria and resource commitments fo' by Phillip H. KIM, Reddi KOTHA et al.
https://ink.library.smu.edu.sg/lkcsb_research/6086/
How a leap of faith can take science forward | Office of Research & Tech Transfer
https://research.smu.edu.sg/news/2019/may/10/how-leap-faith-can-take-science-forward
It is the research group of Professor Reddi Kotha who teaches business strategies at Singapore Management University that has clarified the relationship between the terms used to evaluate research and the research budget. The research group first focused on the 'Innovation Evaluation Report' that the university has created to evaluate research reports and scientific discoveries by researchers.
The Innovation Assessment Report is a short report prepared by the ' Technology Transfer Bureau ' established by the university overseas, mainly in the United States, to evaluate research results mainly from the viewpoint of application to business. It is a report. In the United States, this innovation assessment report often has a major impact on the university's budget allocation, as academic research policies at universities are closely linked to industry trends.
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Therefore, the research group analyzed a total of about 700 innovation evaluation reports created in the seven years from 1998 to 2005, and the text and words used in the report and the budget actually acquired by the research I analyzed the relationship between As a result, it turned out that the evaluation axis that directly affects the increase and decrease of the budget can be narrowed to two. That's 'Feasibility' and 'Utility'.
The research group further divided the two evaluation axes into two categories, for a total of four categories, and calculated specifically the impact of the evaluation axes of each category on the budget. First of all, the evaluation axis of 'Feasibility' is divided into 'Delivery room' and 'Maturity of research', and those with doubt about the contents of research reduce the budget by 10% on average and research What was generally considered immature was the budget cut by 15%.
In addition, “utility” is divided into “skills in background” and “scientific complexity”, and 13% is budgeted if researchers are considered to be familiar with the necessity and meaning of the research The 10% budget was increased if it was determined that the research was complex enough. Prof. Kotha commented on the reason why research is evaluated as complex, 'Since there is an expectation that there will be competing research for simple research, there will be a tendency for aggressive investment to be curtailed.' You are
by BrianAJackson
The seemingly obvious result of this study is that “regardless of feasibility concerns is high and highly useful research is allocated a lot of budget,” according to Professor Kotha, “everything is new, not just science. It can be applied to business start-ups, crowdfunding, and even planning for filmization in Hollywood.
Because the question of how much budget to devote to research that has not yet achieved concrete results is common to the business world as to what kind of business to invest. On top of that, Professor Kotha stated, 'It is important to make choices based on a quantified valuation model, not to share budgets with past performance or some bets.' I emphasized the significance of this research from the standpoint of a business strategy expert.
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