Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons.

Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons.  

Pros 

• Fast-tracking of project initiation: private players can arrange money quickly
• They can make modifications and also arrange extra resources if something goes  missing during the project 
• Appropriate use of resources: manpower and material 
• Time bound project: professionals involved are not given an infinite timeline 
• These concerns are exposed to the threat of losses, they innovate and bring improvements

Cons    

• Since private companies invest for profits, their products are generally too expensive and beyond the reach of the masses 
• These entities also sometimes tend to follow malpractices and launch products without testing for their safety. 

In contemporary times, the private endeavors have contributed tremendously in exploratory forays that are more than their state-supported counterparts; however, do the merits attained by such undertakings eclipse their pitfalls, is a matter that needs to be delved deeper into.

The lobby aligning with the idea that this phenomenon is affording humongous benefits asserts that when private players invest into R&D, they can initiate the project quickly by organizing funding, manpower and the whole process unlike the latter: their undertakings are not impeded by bureaucratic obstacles. They can raise money through different sources such as bank loans, or offering private equity, and so on. 

To corroborate, CCP Limited researched a myriad of coffee beans and their grinding at different ratios to offer topnotch coffee to Indians; took a five million Rupees loan from banks and completed the whole initiative using 50 personnel, faster than their government-controlled counterparts. Along with this, the former makes a constructive charter for the appropriate usage of resources : materials and force, and tries to complete the activity within a decided timeframe without any delays. 

Nevertheless, the skeptics bemoan this trend: the end products cost several arms and legs, making them unaffordable for the majority of middle and low income groups.  For instance, most of the life-saving drugs are way beyond the common man since they are patented by private pharma companies who discovered them. Also, these entities try to overcome their competitors by engaging in malpractices such as launching untested products, jeopardizing the health of society 

Overall, despite having some drawbacks, this evolution fetches a plethora of benefits: quick initiation of research, and a judicious use of resources. Thus, private participation in R&D endeavors should be promoted in every sector, except that concern welfare of the destitute.

Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons.

Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons.

Ielts Essay Private R&D

Nowadays, private establishments are investing more than government into carrying out exploration in different fields. This as per some carries several benefits though others point out at the drawbacks. The questions arises here is whether the positives of this phenomenon outstrip negatives, or it it otherwise. I will discuss both these aspects and arrive at a logical conclusion.

Undoubtedly, private investment into R&D means speedy project initiation. Private organizations can arrange funds to be injected into such endeavors quickly: they do not have wait for the essential financial resources, as the these organizations can immediately spring into action and gather money to finance a venture, while  a government concern needs to get several clearances and also overcome bureaucratic hurdles, which can take an invariably long time to arrive at a fruition stage.

Besides this, private organizations seek productivity and optimum utilization of money and manpower resources, resulting in efficient deployment of each component. While each penny is accounted for, the expertise pushed into the projects also strive to meet deadlines. This is quite unlike government aided projects where due to job security, there is a lack of accountability among the personnel. This immensely slows down the flow and execution of any exploration.

Having said that, the associated failings of privately-funded research and development forces people to rethink. Many a times, it has been observed that in order to obliterate competition, businesses are tempted to release research results prematurely, and that also without validating outcomes and impact. This can jeopardize public safety, and lead to unwarranted consequences.

In conclusion, despite certain pitfalls, it is clear the benefits of private involvement in exploration projects outstrip its drawbacks by miles. Hence, controversies should be buried and private endeavors and forays should be promoted.

Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons. - Ielts Essay

Private companies that support and carry out scientific research are spending more than governments these days. Do the advantages of this development outweigh its disadvantages? Explain and give your reasons. - Ielts Essay

Ielts Private or Govt R&D

Private participation is seeping into every walk of public life and infact today this factor prominently features in all new research initiative being established by governments world over even ones with objectives that include humane purpose. As an impact, people have started raising doubts about the sanctity of the mission as they feel that the private enterprise is more inclined towards profits and research is an area that needs an input of selfless service. This creates a clash of interests thus proving disadvantageous for society. But this phenomenon has some really noticeable benefits that must never be ignored.

One essential reason that can be cited for increasing private participation is requirement of one critical component i.e. huge amount of funds required to finance various large scale projects that explore into endeavors for benefit of society.

Besides having essential funds, private enterprise is driven by objectives of earning profits that incites the companies to innovate and employ extensive means to accomplish these goals. This also creates opportunities for employment of highly qualified professionals in their occupational premise. These factors compiled together help in ensuring long term planning for running research based initiatives that often require long gestation periods before final realization of research goals. 

On contrary, research initiatives of private enterprise are often influenced by selfish motives of private individuals who can use research activities for their own selfish ends, thereby reducing effectivity and efficiency of research being pursued and many times results are prematurely promoted as final accomplishments, which hamper the very relevance and spirit of exploration.

But whatever may be the case, I personally feel that privately led research establishments can prove more feasible in long term as they have all elements of innovation and dynamism. - Ielts Essay