One of the way research is approached in academia which differs from industry is that you do whatever you can and ignore the rest. However, in industry you have to work hard to finish the projects you are working on or you get kicked out.
Second way academia approaches research which is different then industry is that grad students and post docs do the work and earn less, whereas in industry scientists/engineers do the work and earn more.
I prefer academia way of research as it is for love of science and to help people. Which is why you have lots of projects from which you pick the one that you are most interested in pursuing and leave the rest for later date. I believe both grad students and scientists in industry should earn same amount but as it was said in the lecture grad students earning depends on the college which is why they earn less even though they might make breakthrough in the field.
One of the way research is approached in academia which differs from industry is that you do whatever you can and ignore the rest. However, in industry you have to work hard to finish the projects you are working on or you get kicked out.
Second way academia approaches research which is different then industry is that grad students and post docs do the work and earn less, whereas in industry scientists/engineers do the work and earn more.
I prefer academia way of research as it is for love of science and to help people. Which is why you have lots of projects from which you pick the one that you are most interested in pursuing and leave the rest for later date. I believe both grad students and scientists in industry should earn same amount but as it was said in the lecture grad students earning depends on the college which is why they earn less even though they might make breakthrough in the field.
In academia, research is approached with the sole purpose of discovering the unknown or in the sense of determining a solution to a specific personal problem, regardless of monetary benefit. Academic scientists working closely to expand their expertise in the area may have a stronger personal connection to the study, and each success may bring them one step closer to self-fulfillment.
In contrast, in industrial research, the study subject is always economically motivated, even if it is not the most vital for society. Today, large drug firms are focusing on short-term "illnesses" or a prescription that an individual would have to take every day for a better quality of life, rather than life-saving vaccinations. Vaccines have the potential to save millions of lives in the long run, but they are primarily (or all) injectable medications that don't see significant recurring use within a community, which has a direct impact on their profitability.
In academia, research is approached based on the love of learning, the natural curiosity for some new projects, questions and theories. They are also slightly limited in what they can do, If there is no money for something, then the project cant be done. A lot of times I heard at my school that different professors had won these amazing grants for different research projects and thats how they would start. But if a professor wants to start a new project, then they will be writing some grants to fund their big idea.
In the industry, research is approached by looking at what is going to bring in money and if there is a business need for something. If there is a business need for something and then investors believe in the idea and approve it, the money will literally be thrown at whatever they need to get the project done. The driving force isn't necessarily curiosity but primarily money, and helping others.
Personally, I think that the approach to academic research is much better because the passion the drive and the curiosity is there. I am concerned about the driving force of research in the industry because the quality may be compromised if the passion, is not present. However, I'm sure that people would not stay in the industry of research if they did not believe that there is something positive from the experience. Maybe those who are higher up in the industry are driven by money but the ones are getting their hands dirty (not literally, labs need to be clean) and doing the research believe that what their doing could have some impact to the future. Often times what comes from research in academia is practice for the industry. You learn how to do the procedures that are necessary to infiltrate the industry. Also in academia, there is grace to learn. Im sure that if you try and be apart of the research industry, if you don't know how to do something, you are disposable. I think that if the passion and grace for academic research was applied to the industry, then that would help them move forward.
Based on this week’s lecture there are numerous differences on how research is approached in an academia compared to industry. Name two ways that research is approached in academia versus industry. Out of the two approaches which one do you find to be better? Explain.
Academia uses lab students, grad students, and assistant professors to help with research. they normally make it a requirement in undergrad to participate in some sort of research. The industry normally finds people with experience, they have the money but not the knowledge so they need that missing piece. or they have people who use to work in academia with some sort of background knowledge to help with the information they don't know. I think the best is academia. Nothing beats hands-on experience, if you are good at what you do you will be able to find the financial support you need to progress research in the ways needed.
In academia, research is pursued based on passion leading to a thrill of discovery. Thought leaders in this field have success paths that follow the ways of earning a Nobel Prize, becoming Head of the Department, fame, notoriety, being an inspiration to the up and coming thought leaders, and possibly receiving tenure. Their approach to research includes writing grants and publications, attending conferences, taking on multiple projects at a time. Whereas in industry, research is a means to an end. Instead of pursuing research based on passion research is pursued based on a business need. Often dealing with timelines that are not conducive to scientific research study timelines. However, there is a greater chance of starting your own company and thus becoming your own boss while potentially making alot more money than in academia.
In academia, research is much more based on the love of knowledge and advancement then it is on how much the research can increase profit or productivity. As Professor Simon suggested in the lecture, most members of academia generally research a subject whether it can be applicable now or fifty years in the future. As long as the research is applicable and can help people either now or in the future, it is fair game. In industry it is the complete opposite. All research is based on how much profit the company can make. If it can increase production, cut costs, or increase profits it will be considered for research. While this may be true, research in industry usually needs to be done quickly. If it takes to much time or to many resources, projects can be delayed or even scrapped and left half finished. While I understand researching for the sake of learning new things and benefiting society, a lot of academic research takes long time to finish and sometimes it is not applicable immediate use. Industry research is almost always used right away and while it can fall short and may not be done for the best reasons, usually it does have many benefits. It is my opinion that industry research allows for more usable advancement, even if it is for pure profit.
The work done on both sides is also very valuable. Studies conducted in academia form the basis of most studies conducted in industry. Since the industry side is the side that brings the work done by the academy closer to people's use, it can be seen as more valuable. however, industrial studies cannot progress without academic studies. Because industry work is often done for money and uses knowledge from academia. The academy collects and publishes this information. The industry, on the other hand, uses this information to work towards the end user. Therefore, although the work of both of them is very valuable, academic studies are more valuable to me.
I prefer academic research because of the innovation part. Two ways of research have different goals. Therefore they have different processes to approach their research. There are still innovative parts in industry research. However, the industry's goal is how to make this product sell rather than what news it is. I believe that academic research without too many deadlines and market investigation is easier to create some new technology. Although academic research can't help people directly. The innovative technology would become part of industry research one day.
In academia, the driving force for research is to find new and innovative ways to find a solution to a problem. That could be developing cells to combat the formation of cancer cells or finding out the hormonal effect of concussions across genders. Their approach is to find others with the same ideas, have a professor and post-grad oversee the project, and hopefully approve a grant approved to conduct their study. In the industry, they intend to make money first and foremost. They want to be the first to mass-produce their project to stay ahead of the curve. Their approach involves gathering researchers overseen by business people who find their project to conduct their study. I can see the pros and cons of both approaches. While the industry has more capabilities and resources, they might get ahead of themselves and abandon or kill the study before success can be reached. In academia, you have willing people who collaborate and can expand the study to new heights, but the projects and funding might not be sufficient enough therefore outsourcing can be a problem.
In academia, the research is done out of passion and interest and less focus is paid to monetary benefits. On the other hand, in industry, it's all about money. And research and development are also focused mostly on money. Though companies want to help people, the main goal is to make a profit. So, if something seems profitable then companies pay for the research and innovation. And in any financial crisis, they let go of the R&D people first.
There are several significant distinctions between academic research and that conducted in business, from the research itself to the working environment and daily schedule. You have the authority to decide what you study in academics. The purpose of research is to discover new information or deepen our understanding of a topic. Once the results are in, you publish papers and attend conferences and congresses to present your research. You might not always be aware of how your study is being applied or how it helps society as a whole; occasionally, you may only conduct research for educational purposes.
In contrast, corporate scientists carry out research that advances a business' objectives. Business or industry priorities determine the study's subject. Findings are promptly implemented, having a measurable impact on society right away. This field is driven by money and making more of it.
In my opinion, academic research is better because it provides a foundation for future discoveries to expand on the initial research. Should new discoveries be motivated by money?
Q: "Based on this week’s lecture there are numerous differences on how research is approached in an academia compared to industry. Name two ways that research is approached in academia versus industry. Out of the two approaches which one do you find to be better? Explain."
Ans: In the lecture, the approach to research between academia and industry is based on what the end result is that the researcher is aiming for. For example, when deadlines are considered in academia, researchers look at grant deadlines and publication deadlines, whereas when deadlines are considered in the industry section, the deadlines are set by management and can be for any reason while also not being science based. Another example of the differentiation between the two shines in the reason for why researchers pursue academia versus industry. In academia, the reason would be tied to a passion for research overall along with a thrill for discovery and travel. In industry, the reason would be tired to a passion for company mission as well as contributing real products to help real people. In my honest opinion, I find the academia approach to research better than the approach from an industry perspective because I see value in having a passion for overall research. I am more inclined to believe that in that quest for research and discovery, you are able to find the pitfalls more quickly in the research that may be done using the industry approach, therefore adding more perspective and innovation to the medical device all together.
Research in academia vs. in industry is different from what drives the research to what funds the research. Two ways that research is approached in academia is that it is lead by a professor, normally one with a PhD and with high interest in the research at hand, and it is normally grant funded with no strict deadlines. In contrast, two approaches to research in industry is that the drive is mainly based on making the most profit, and there are strict deadlines to follow. I don't think one pathway is necessarily better than the other, I think it depends on the goals of the person at hand. Taking the academia approach to research can lead to more recognization and possibly break through discoveries. While on the other hand, industry research with have higher salaries and a more likely result of helping the people the research is based on.
In industry, the research is propelled by money, industry needs and societal trends. The industry is susceptible to trends in the market based on needs or wants by the public. The money ultimately follows these trends and a company can succeed based on the market. A company can fail if they get to the market too late and the market is saturated with similar innovations or products. Academia differs because it is led by passion and funded by people that share the same passion and ambition for future developments. A scientist in academia depends on grants to fund their research, which requires for them to seek out people that share similar desires in developments on math, science, engineering and medicine. The market can impact academia by bring in venture capitalist, but their progress and success heavily depends on sharing their passion with someone else who can assist. Academia scientist and doctors focus on a specific goal and will passionately study it and teach it to others without the expectation of their advancement making them money, but they focus on it's purpose and its affect on our world.
