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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Changing workforce diversity, The United States has historically been seen ...

The United States has historically been seen as a "melting pot" of people from many different countries, cultures, and backgrounds. The Bureau of Labour Statistics projects that by

Differentiate between the internet and the world wide web, QUESTION The...

QUESTION The advent of the internet in the 1960s and the World Wide Web in the 1990s has revolutionised global communications. (a) Differentiate between the Internet as well

Business Communication, Explain some of the approaches for handling custome...

Explain some of the approaches for handling customer complaints and listening to customers

Verbal and non-verbal communication at work, QUESTION Because non-verba...

QUESTION Because non-verbal cues can mean more than spoken words and speak louder than spoken words, mastering non-verbal communication skills at work represents a challenge (G

Manage recruitment, Task one : questions 3.3 until 3.10 Task two : questio...

Task one : questions 3.3 until 3.10 Task two : questions 3.A until 3.B questions 4 Task three : questions 3.1 until 3.3

What are principal payment systems for electronic commerce, Question: (...

Question: (a) Distinguish between a Management Information System and a Decision Support System. (b) Distinguish between different eBusiness Models. (c) Discuss on four

B, #quesExplain the different delivery styles that speakers can select for ...

#quesExplain the different delivery styles that speakers can select for their presentation.tion..

E-commerce, can you guys make e-com website for project ?

can you guys make e-com website for project ?

General safety rules, It is necessary to frame a set of rules to promote s...

It is necessary to frame a set of rules to promote safety of employees and to prevent the direct and indirect costs of accident. These safety rules should be strictly followed

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

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