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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Discuss the negotiation principles, Discuss the Negotiation Principles surr...

Discuss the Negotiation Principles surrounding the outsourcing contracts. Negotiation - meaning - Factors that determine Negotiation - relative negotiating position, the object

How is the lead time determined, How is the lead time determined? Lea...

How is the lead time determined? Lead Time comprises: a. Time to procedure the enquiries and to put the order b. Time to deliver the command to the supplier c. Tim

How does a resume affect your employability, Question 1 There are various ...

Question 1 There are various techniques of reading out of which SQ3R is most popular. How will you apply it while reading and research? Question 2 Advertisements are used by

Quantitave Analysis for management, Bakery produces muffins and doughnuts. ...

Bakery produces muffins and doughnuts. Let x1 be the number of doughnuts produced and x2 be the number of muffins produced. The profit function for the bakery is expressed by the

55 % of communication is depending on non-verbal signals., According to the...

According to the study, 55% of communication is depending on non-verbal signals. This suggests that the body language is critical to good communication skills. This is possibly

MISS, DISCUSS THE LAYOUT OF THE WORK SPACE TO PREVENT ACCIDENTS AND INJURIE...

DISCUSS THE LAYOUT OF THE WORK SPACE TO PREVENT ACCIDENTS AND INJURIES?

Assess the future of outsourcing, Assess the future of outsourcing with reg...

Assess the future of outsourcing with regard to its impact on employees, executives. Future of outsourcing - Employees as Specialists, Specialised companies and specialized emp

Characteristics of an effective team, QUESTION 1 Teams are emerging as ...

QUESTION 1 Teams are emerging as a powerful management tool and are popping up in the most unexpected places. Discuss, with examples, the characteristics of an effective team?

Primary elements of zero inventories, Just  in time  production is defined ...

Just  in time  production is defined as philosophy that  focuses attention on eliminating waste by purchasing or manufacturing  just enough of the right items just in  time It i

Caselet, Mr. Vincent the manager of a large supermarket was taking a manage...

Mr. Vincent the manager of a large supermarket was taking a management course in the evening program at the local collage. The professor had given an interesting but Mr. Vincent th

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