What are the risks associated with R&D investment?
An example of an AI chatbot conversation about the risks of R&D investment.
What are the risks associated with R&D investment?
Investing in R&D can lead to significant risks, including financial loss, market uncertainty, and technological failure.
Can you elaborate on financial risks?
Financial risks include the potential for overspending on projects that may not yield profitable results or return on investment.
What about market uncertainty?
Market uncertainty refers to the unpredictability of market demand for new products, which can affect the success of R&D outcomes.
How can companies mitigate these risks?
Companies can mitigate risks by conducting thorough market research, setting clear project goals, and diversifying their R&D portfolio.
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