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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Define the term organisation culture, QUESTION (a) Interpersonal skills...

QUESTION (a) Interpersonal skills are vital for interacting with people individually and in groups and developing such skills contribute to communication effectiveness in the o

Describe carefully the elements which contribute to attitude, QUESTION ...

QUESTION Personal attitudes can have a key bearing on how individuals function within organizations. Attitudes may reflect in either positive or negative behaviours. A number o

Important provisions for employee employment of young person, What are the ...

What are the important provisions for employee employment of young person? The provisions for employment of young person are as below: a. Prohibition of employ of young chil

Define scope and functions of public relations, Define Scope and Functions ...

Define Scope and Functions of Public Relations? Scope a)    Receive information from public b)    Advise management of attitudes and response c)    Set policies and

Explain any two motivational theories, QUESTION 1 (a) Define the concep...

QUESTION 1 (a) Define the concept of span of control (b) Describe the factors that may impact on the choice of the organization structure (c) What are the different busin

What do you understand by the term kinesics, QUESTION 1 (a) Examine cri...

QUESTION 1 (a) Examine critically the three major barriers to inter-cultural communication. (b) Explain how these barriers could be eliminated due to a better understanding

The use of var for capital requirement for market risk, Question 1 Identif...

Question 1 Identify and assess the different IRR measurement techniques implemented in a bank Question 2 Describe the use of VaR for capital requirement for market risk Ques

Electronic purchase orders, QUESTION 1 (a) Requirements engineering is ...

QUESTION 1 (a) Requirements engineering is the process of discovering, documenting and maintaining a set of requirements for a computer - based system. What are requirements?

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