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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

When is the 1948s factories act applicable, When is the 1948s factories act...

When is the 1948s factories act applicable? 1948s factories act is applicable to any factory wherein ten or more than ten workers are working. The 1948s factories act has a pro

Different components of the external business environment, Problem: Glo...

Problem: Globalisation and trade liberalization are having a lot of impact on the way businesses are being managed today. The business environment has become very dynamic. In s

Systems orientation, PM alone cannot eliminate or drastically reduce break...

PM alone cannot eliminate or drastically reduce breakdowns. Supporting it there should be various steps taken in design development and engineering such that maintenance itself

Organizational approaches toward managing stress, Question 1: (A) Indu...

Question 1: (A) Industrial psychology is the area of psychology dealing with job analysis, defining and measuring job performance, performance appraisal, tests, employment int

Explain reload- types of organisation, Reload a) Banks might be unenth...

Reload a) Banks might be unenthusiastic to lend money to reload (Stock Up) for various reasons, including: Reload being a somewhat unfamiliar business outside of New Zealan

Different types of organisation , Study different business organizations in...

Study different business organizations in your business environments    The learner has been given a position of business analyst who will study environments and prepare  report o

Management for the future, QUESTION Write short notes on the following ...

QUESTION Write short notes on the following (a) The classical school of management (b) The contingency approach to management (c) Elton Mayo's Hawthorne Experiment and

Differences between a functionalist and interpretivist, QUESTION 1 (a) ...

QUESTION 1 (a) Discuss the role of each of the three closely related patterns of group communication (cohesiveness, conformity and deviance) in groupthink. (b) Briefly descr

In-door bank services, Modeling and simulation mean using models, prototype...

Modeling and simulation mean using models, prototypes, attributes, and strategies in order to get results that help to choose the right decision. Recently, simulation becomes a maj

Advantage of north west corner method, Advantage of North West Corner Metho...

Advantage of North West Corner Method: a. This methods is very effective as it provide step by step solution. b. It is very simple to obtain optimum solution through this

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