Explain the task of research and development wing, Business Management

Assignment Help:

Q. Discuss the main task of Research and Development (R & D) wing in the context of development of modern society?

Ans.

THE MAIN TASK OF RESEARCH AND DEVELOPMENT

In the long run, indigenous R and D should not be neglected. The import of foreign technology should be made on selective basis because foreign technology cannot always sustain industrial growth.

We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology. We should learn from countries like Japan and try to develop our own technology to international levels.

Our business houses should allocate enough funds for in-house R and D activities.

Our universities and technical institutions should be given enough financial support in their research activities.

People engaged in R and D should be motivated by offering good incentives which will also help to contain brain-drain.

Adequate attention for the development of R and D will ensure supply of consumer durables and would ultimately lead to the improvement of living standards of the people. It will also lead to the improvement of quality of goods.


Related Discussions:- Explain the task of research and development wing

Implementing an e-business strategy at digiland, QUESTION Read the case...

QUESTION Read the case study found on page 5 of the question paper and answer the questions below: (a) What are the impacts of implementing an E-Business strategy at Digilan

Method inventory control is based on pareto analysis, QUESTION (a) Desc...

QUESTION (a) Describe how the ABC method/technique of inventory control is based on Pareto analysis (b) You are part of a team who is carrying out a study on the causes of i

Porject related, what is a best topic in submit project to international bu...

what is a best topic in submit project to international business management

Case study, List some scientific decision aids that you may prescribe to im...

List some scientific decision aids that you may prescribe to improve the situation.ion

Procedure for planned maintenance, maintenance procedure is to prepare the...

maintenance procedure is to prepare the facility register. The facility defines what is to be maintained. It gives the complete details of all the items and facilities whic

Decision making, Fred, a 17-year employee with Sam''s Sauna, was fired for ...

Fred, a 17-year employee with Sam''s Sauna, was fired for poor job performance and poor attendance, after accruing five disciplinary penalties within a 12-month period under the co

Compare e-commerce to e-business, Question: a) Decribe e-commerce from ...

Question: a) Decribe e-commerce from a communication and a commercial perspectives. b) Compare e-commerce to e-business. c) Distinguish between Click-and-mortar and Brick

Compare and contrast erg theory, Q. Compare and contrast ERG theory with Mc...

Q. Compare and contrast ERG theory with McClelland's theory of learned needs. Q. You want production employees at your company to be more motivated to complete their assignments

Developing plans for areas of responsibility, Work Breakdown Structures (WB...

Work Breakdown Structures (WBS) - explain the value, role and use of the WBS methodology in project management. Planning within organizations takes place at strategic, tactical

Plant layout - product oriented vs. process oriented, Plant Layout: Product...

Plant Layout: Product Oriented Vs. Process Oriented The argument is never going to end and we don't claim either to solve the issue. The simplest explanation to choice of layou

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd