NC State
P.E. Wrist. Supplementary remarks on industrial R and D management. In The role of fundamental research in paper-making, Trans. of the VIIth Fund. Res. Symp. Cambridge, 1981, (Fundamental Research Committee, ed.), pp 1133–1146, FRC, Manchester, 2018.


In the following remarks I will use the terms “research” or “fundamental research” interchangeably to denote the process of generating new insights or knowledge about the physical world at all levels of sophistication by use of the scientific method. In contrast, I will use the word “development” to cover all activities associated with the application of knowledge for beneficial purposes of a commercial nature. This is in line with Mr. Place who earlier this week suggested that, phrased in the business context, “research” is like creating an asset while “development” is putting that asset to work.

Download PDF