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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

International Business, Based on the article Nearshoring in Latin America,...

Based on the article Nearshoring in Latin America, what are the short- and long-term implications of nearshoring given the current economic conditions?

COMMERCIAL LAW, 10. State Z’s automobile manufacturing industry is one of t...

10. State Z’s automobile manufacturing industry is one of the largest and most highly regarded in the world. The industry is concerned that it may lose some of its domestic market

Discuss the different forms of communication existing, QUESTION 1 a) Il...

QUESTION 1 a) Illustrate the different processes of effective communication. b) Discuss the different forms of communication existing. QUESTION 2 a) Define the conce

Global economic crises, Global Economic Crises                     Th...

Global Economic Crises                     The current economic crisis has affected many countries in Europe as well as many countries in the world over. Micro credit institu

PURCHASING AND SUPPLY SYSTEM, STEPS TO BE FOLLOWED IN THE PROCESS OF EVALUA...

STEPS TO BE FOLLOWED IN THE PROCESS OF EVALUATING PURCHASING AND SUPPLY SYSTEM

Explain a firm to compete internationally will be strategic, Question 1 Re...

Question 1 Regional integration is the bonding between nations as well as states through political, cultural and economic cooperation. A whole range of regional integration exists

Kaizen concept, Kaizen is the Japanese term for continuous improvement. Th...

Kaizen is the Japanese term for continuous improvement. The kaizen concept was pioneered by in Japan by Toyota as a daily challenge to all its employees to improve their process

Enteprenuership and SMEs, Solutions to a gradual decline in sales in an ind...

Solutions to a gradual decline in sales in an indian restaurant in London

People leadership and management, Drawing upon examples from your experienc...

Drawing upon examples from your experience of team working in organisations or in classroom activities, identify two key theories, concepts or models that have helped you to

Factors - decision on proposed strategy change, Factors to Consider Before ...

Factors to Consider Before Taking a Decision on the Proposed Strategy Change Although most of the striking and important questions have been considered or highlighted which

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