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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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 relations for the business, Case study: Mr Jones, an Amer...

Case study: Mr Jones, an American, accepts a position as an adviser in an African country. He will work directly with Mr Nkosia citizen of the country. Together they have manag

Identify levels of interdependence - financial institution, Q. Identify thr...

Q. Identify three levels of interdependence and give an organizational example for each Q. A large financial institution is losing market share to savvy upstart companies, and i

Discuss brainstorming is a technique that can be utilized, QUESTION 1 ...

QUESTION 1 The process of delivering a presentation is a systematic one that involves thorough planning along with preparation and one of the main phases is developing the pre

Business process analysis, Business Process Analysis 1. Comprehensive b...

Business Process Analysis 1. Comprehensive business process analysis with suggested improvements. Must include projected quantitative results. Report must include use of analyt

Question, Consider the following new business venture. An agent is consider...

Consider the following new business venture. An agent is considering investment in one of three real estate parcels: • Option 1: multiunit rentals • Option 2: commercial building

Listing the competency or skills gaps, John was hired to the company as an ...

John was hired to the company as an Assistant Brand Manager 2 years ago, and is a high potential employee. John was hired directly after graduation from an MBA program at a prestig

What is meant by the term hawthorne effect, Question : (i) Analyse ...

Question : (i) Analyse Ray Carr's working life in relation to Mallow's hierarchy of needs. (ii) (a) What organisational structure might have been set up to improve the

Different types of communication, Explain the different types of communicat...

Explain the different types of communication with relevant examples.

.Bureaucratic Management, whether bureaucratic approach will be appropriate...

whether bureaucratic approach will be appropriate for the organizational performance or not?

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