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Technology Industry and Research Methods

Discuss the similarities and differences between "basic" and "applied" research and how it applies to the Technology Industry. Cite specific examples of basic and applied research as they apply to the Industry. Draw at least one comparison and one distinction or contrast between the two.

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Please see response attached, which is also presented below. Briefly, for the similarities and differences, let's look at several definitions of the two types of research methods, which you can then use to make your comparisons. This response also includes several applied examples of research to consider.

Let's take a closer look.

SAME AS ATTACHED RESPONSE:

1. Discuss the similarities and differences between "basic" and "applied" research and how it applies to the Technology Industry. Cite specific examples of basic and applied research as they apply to the Industry. Draw at least one comparison and one distinction or contrast between the two.

The objective of basic research is to gain more comprehensive knowledge or understanding of the subject under study, without specific applications in mind. In technological industry, basic research is defined as research that advances scientific knowledge but does not have specific immediate commercial objectives, although it may be in fields of present or potential commercial interest. (www.genomicglossaries.com/content/research_genomics.asp).

Let's look at definitions of the two types of research methods, which you can then use in your comparisons.

Example 1: Other Definitions of Basic Research

· Research which adds something new to the body of knowledge in a particular field. Example: Research on the regeneration of cells. www.northwestern.edu/orsp/terms.html

· The objective of basic research is to gain more comprehensive knowledge or understanding of the subject under study, without specific applications in mind. In industry, basic research is defined as research that advances scientific knowledge but does not have specific immediate commercial objectives, although it may be in fields of present or potential commercial interest. ... www.genomicglossaries.com/content/research_genomics.asp

· Research that is primarily oriented to understanding the mechanisms of AMP. www.lfr.org/LFR/csl/foundation/definitions.html

· Basic research studies are typically designed to expand scientific knowledge of human biology, disease mechanisms and processes, as well as to understand how drugs work. www.canadapharma.org/Patient_Pathways/Glossary_Terms/

· Research done to further knowledge for knowledge's sake. www.modernhumanorigins.com/b.html

· Fundamental scientific research concerned solely with scientific principles as opposed to applied scientific research which is concerned with the commercial application of those principles. www.angelfire.com/biz/BuildingPathology/durb.html

· The systematic, intensive study, the primary aim of which is a fuller knowledge or understanding of the subject under study rather than a practical application. www.unlv.edu/depts/cas/glossary.htm

· Systematic study directed toward greater knowledge or understanding of the fundamental aspects of phenomena and of observable facts without specific applications towards processes or products in mind. (OMB Circular A-11, June 1996) See
Conduct of Research and Development. https://radius.rand.org/radius/demo/glossary.html

· Systematic inquiry directed toward a more complete knowledge and understanding of a particular subject without regard to practical applications. www.som.tulane.edu/researchadmin/TMCDefinitions.html

· fundamental research; it often produces a wide range of applications, but the output of basic research itself usually is not of direct commercial value. The output is knowledge, rather than a product; it typically cannot be patented.
www.wwnorton.com/stiglitzwalsh/economics/glossary.htm

· Research emphasizing the solution of theoretical problems. binomial probability distribution: The probabilities associated with every possible outcome of an ...

Solution Summary

This solution discusses the similarities and differences between "basic" and "applied" research by definition and example as applied to the Technology Industry and also draws comparisons between the two research methodologies.

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