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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Explain the importance of barriers to entry, QUESTION Explain with exam...

QUESTION Explain with examples where appropriate the major characteristics of cognitive development in early childhood. QUESTION Explain with examples where appropriate

Question, What are the good examples of using public management tools? (in ...

What are the good examples of using public management tools? (in what fields)

Provide characteristics that can explain planning, Question: (a) Plann...

Question: (a) Planning is important for the success of an organization. Explain the term "planning" and describe how you would relate the components of the planning process

State Bank of India case study , Hi , I need help for doing an assignment b...

Hi , I need help for doing an assignment based on a case study " State Bank of India: Transforming a state owned giant". Can you please how much will cost for 3000 words. Thank you

Describe stress management programs, Describe stress management programs: ...

Describe stress management programs: Q. The Director of Nursing at Smalltown General Hospital claims that several nurses are experiencing job burnout. Describe the three compo

GE matrix, What are the characteristics of each component of the GE matrix...

What are the characteristics of each component of the GE matrix?

What is an internet-enabled enterprise, QUESTION Wing Travels Agency is...

QUESTION Wing Travels Agency is a well-established travel agency with various offices in many parts of the island, mainly on coastal areas, and having more than 100 employees s

Explain the functions of the financial services commission, QUESTION (a...

QUESTION (a) Mr. Bob is the director of ABC Co. Ltd, a shoe making company. Mr. Bob wants to change the business activities of the company to carry out leasing activities. He s

Necessity of permitting workers to participate in management, What is the o...

What is the objective or necessity of permitting workers to participate in management? The objective or the necessity of allowing workers to participate within management can b

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