3 ms·
> engineering can also be seen as an investment in the companies future. In fact, when things are tight is the very moment you should go all in for R&D. Let's
by kqr 5y ago
> engineering can also be seen as an investment in the companies future.
In fact, when things are tight is the very moment you should go all in for R&D.
Let's clear up something simple people forget: when things are tight for you, they are normally also tight for your customers. In fact, that's generally how they become tight for you.
So you can forget investing in production and sales when things are tight. Things are tight because the world is in a period where your customers aren't buying. You won't change that by trying to sell harder.
However, small research projects are an incredibly cheap way to learn things and invent new technologies. When you're not encumbered by turning things into products, you can discover at a frightening speed. So you spend on research when the times are tough, and then when things go better you have a huge backlog of technologies you can apply right away.
- jonny_eh 5y ago> However, small research projects are an incredibly cheap way to learn things and invent new technologies And recessions are the time when this research is at its cheapest.
- phkahler 5y agoSaw this in interview at an RV company. Their market tanked in 2008 and the invested in engineering projects. Bought competitors after the recovery by selling newer better product.