Financial Literacy: Money Talks – Research and Development

Ever wonder how companies come up with cool new products or make the ones they have even better? We’re going to explore why businesses spend big bucks on R&D and how it’s like planting seeds for a garden of awesome new inventions!

1. What is Research & Development?
Let’s start with the basics. What exactly is R&D? Picture scientists in labs, engineers at computers, and designers with sketchpads, all working to create the next big thing or improve something we already use. We’ll learn how R&D is the creative brain of a company, turning imaginative ideas into real-life products.

2. The Price of Innovation
Creating new things isn’t cheap! We’ll dive into why R&D can be super expensive. From paying smart minds to work on the problems, buying fancy equipment, to the many, many tries it takes to get something just right – it’s like a giant puzzle that costs money to solve.

3. Taking Risks: The Gamble of R&D
R&D is a bit of a gamble. Sometimes, companies spend a lot of money without knowing if their new idea will be a hit or a miss. We’ll talk about why businesses take these risks and how they decide which ideas are worth the investment.

4. Long-Term Thinking: Planting Seeds for the Future
Investing in R&D is like planting seeds for future success. Some ideas might grow quickly, while others take longer to bloom. Understand how companies think long-term with R&D, investing today for tomorrow’s big rewards.

5. Real-World Examples: R&D in Action
Let’s look at some cool, real-world examples of R&D successes (and maybe a few flops). Learn about famous products that started in an R&D lab and how they changed the way we live.

6. Interactive Discussion: Your R&D Ideas
Finally, let’s get creative! We’ll have an interactive discussion where you can share your ideas for new products or improvements. What would you spend R&D money on if you were in charge?

Join us for this eye-opening session where we’ll uncover the mysteries of Research and Development. You’ll learn why companies spend big on R&D and how it leads to the cool gadgets and technologies we use every day.

The event is only possible because of the generous support of the Ohio Developmental Disabilities Council.

Please register below or by email: Alyssa@WeThriveTogether.org