Research efforts go more commercially relevant!Banerjee, HP's new lab director is overhauling HP's research slate. The labs' $150 million annual budget will remain the same, but he'll group the most promising related projects while dropping those with little shot at a profitable payoff. "Just because it's scientifically interesting won't do it," Banerjee says. "We need to create whole new business opportunities for HP."
This statement made by the director is well explained with how investment on HP's research is made unveiled. In the past, HP Labs relied too much on personal relationships among its 600 scientists when giving projects a go-ahead, says Banerjee. Researchers were subject to few formal milestone reviews. Projects often dragged on, making it tough to staff new ones. "Things were a bit territorial," says Jaap Suermondt, who heads an HP data analysis lab. And coordinating scientists' work with headquarters could be a struggle. "Convincing the business units took almost as much energy as the idea itself," says Ajay Gupta, director of HP's India lab.
Opinion.
In the class, we learned about problem solving; how we should first determind what the problem is, and to set conditions to effectively solve the problem.
Well, reading the article how HP has been spending anormous amount of money on research, ("relied too much on personal relationships among its 600 scientists when giving projects a go-ahead") I could assumed that amensive amount of money might have been spent on ineconomic scale, or un-business related activities; not so wasteful of resources in scienticif view, but certainly a waste in "Profit-focused" perspective.
Annotation: Aaron Ricadela , HP Labs' Latest Experiment: Itself, Business Week, May 1. Reference
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