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We should be self-dependent and should not allow our country to become dumping ground for outdated foreign technology.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

What is a project, Question 1 What is a project? Briefly explain the ph...

Question 1 What is a project? Briefly explain the phases of a project life cycle Question 2 What are the major challenges of an entrepreneur in project formulation?

Team leadership, Identify and explain what you think Levi Strauss & Co. did...

Identify and explain what you think Levi Strauss & Co. did well and did poorly in implementing its team reorganization. Be sure to relate your observations to Hackman''s research

Qestion, How will you inform your managers and supervisors about budgets, r...

How will you inform your managers and supervisors about budgets, reporting requirements and financial delegations? I just want to know

M.COM, What are the rationale of transfer of technology? Describe various n...

What are the rationale of transfer of technology? Describe various non-equity forms of technology transfer by TNCs and Small and Medium Enterprises

Quantitative methods, This coursework uses a data set from Stock and Watson...

This coursework uses a data set from Stock and Watson's 'Introduction to Econometrics' textbook. The two variables are a three-month interest rate (R90t) and a one-year interest ra

Introduction to opperation research.., discuss the advantages of mathematic...

discuss the advantages of mathematical models over over other types of models

Causes of factors contributes to accidents in organization, Accidents  are ...

Accidents  are  usually the  results  of a combination of  factors each one of which  may very  from  situation. An  accident  does no have  a single cause but  multiplicity  of ca

Describe michael porter''s five forces, (a) Outline the method of carrying ...

(a) Outline the method of carrying out a quantitative survey which is used in the market research. (b) Describe Michael Porter's five forces that is used to analyse the micro en

Porject related, what is a best topic in submit project to international bu...

what is a best topic in submit project to international business management

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