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Research Management and Budgeting


To a symposium on the management of research, appearing in recent issues of Industrial and Engineering Chemistry, W. A. Hamor and G. D. Beal contribute a paper on the control of research expense (April 1932, p. 427). The recognition of the importance of planning and control in management, which has become widespread during the last ten years, has led to the administration of research being placed on a much more accurate basis. The progress in the control of research expenses made possible by systematic planning and budgeting has been to the joint advantage of management, technology, and science in that due attention can be given, in planning research, to the probability of the solution of a problem at a cost commensurate with its value. All research expense cannot, of course, be reduced to a method of accounting, but positive savings which can be classified should be accounted as such and duly credited against the improvement in process efficiency, reduction or disposal of wastes, patents, etc., the remaining research expense concerned with the maintenance of quality through control, improved, or novel products being charged off to product and market improvements.

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Research Management and Budgeting. Nature 130, 233 (1932).

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