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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Financing, three approaches to the short term financing problem providing r...

three approaches to the short term financing problem providing relevant examples

Describe what noise in terms of communication is, QUESTION (a) Explain ...

QUESTION (a) Explain what you understand by the terms denotative and connotative. Give examples of each to support your answer. (b) Describe what noise in terms of communica

Comprehensive agenda for the participants of the meeting, Imagine that you ...

Imagine that you are the Chairperson of the Board of Studies of the Department of Management & Commerce of Sikkim Manipal University Department of Distance Education.  You have bee

Explain the role of communication in conflicting situations, QUESTION 1 ...

QUESTION 1 Explain what you understand by the term "Feedback" and how this can help in improving communication in our work place environment. QUESTION 2 Who are organisati

Principles of business.., Do you have sample assignments for qualification ...

Do you have sample assignments for qualification D/506/1942

How are internet technologies affecting the organizations, How are Internet...

How are Internet technologies affecting the structure and work roles of modern organizations? For example, will middle management wither away? Will companies consist primarily of s

Determine expected profit on treaty, Question: A small general insuranc...

Question: A small general insurance company (A) writing only property business cedes a quota share reinsurance arrangement to a reinsurance company (B). The treaty cedes 40% of

Cycle inventories, Cycle inventories are held for the reason that purcha...

Cycle inventories are held for the reason that purchases are usually made in lots rather than the exact amount which may be needed at a point of time. Of course if all p

Management, tell me the functions of lower management ?

tell me the functions of lower management ?

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