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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

Design of unit operations, A detailed commentary on the chemical and mechan...

A detailed commentary on the chemical and mechanical design of at least one process unit operation. Process design of other units should also be completed along with pipe sizes (ma

Three approaches to short-tem financing problem, What are the three approac...

What are the three approaches to short-term financing problem?

Caselet communication failure, What should Mr. Sharma have done to avoid th...

What should Mr. Sharma have done to avoid the misunderstanding?

Risk and Return, In a report not to exceed five double-spaced typewritten p...

In a report not to exceed five double-spaced typewritten pages, analyze the results obtained from the three simulations performed, identify the source of the differences, and selec

STRATEGIC HUMAN RESOURCE MANAGEMENT, Explain the personal benefits of learn...

Explain the personal benefits of learning the unit of STRATEGIC HUMAN RESOURCE MANAGEMENT to BBM student

Explain about the management information system, Explain about the Manageme...

Explain about the Management Information System. Management Information System: It is defined as like a formal method of making obtainable to management the precise and t

What volume of sales will be essential to cover, What volume of sales will ...

What volume of sales will be essential to cover? The given types of volume of sales will be essential to cover • A reasonable return of capital utilized • Ordinary and pr

Challenges and forces which organisations face today, Question 1: (a) ...

Question 1: (a) Organisational Behaviour (OB) seeks to understand how we can best understand human behaviour in organisations. Discuss in relation to the challenges and for

Determine the approaches of organizations, 1.) The different approaches to ...

1.) The different approaches to organizations are: 1.      INFORMATION SYSTEMS APPROACH 2.      SOCIAL ORGANIZATIONAL APPROACH 3.      CULTURAL APPROACH 4.      CRITICA

What do you understand by business ethics, QUESTION 1 a) Explain the st...

QUESTION 1 a) Explain the strengths and weaknesses of Corporate Social Responsibility (CSR) b) Discuss the challenges faced by a government in the implementation of CSR poli

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