What is the purpose of research and development (R&D)? Research and development is the process and activities related to extending the products and services that a firm offers. There are two components to research and development: (1) research which is primarily focused on extending the knowledge of the firm, and (2) development which is focused on turning that new knowledge into usable products and services.
What are some examples of research and development activities?
You might think about research and development activities in terms of a process. On one end of the process you have raw ideas and then at the other end of that process you have a usable and well used product or service. Thus, the activities involved in research and development involves:
(1) Generating and cultivating ideas.
(2) Thinking of user requirements how these ideas fit with users’ needs.
(3) Design and development of the product or service.
(4) Quality assurance and testing of the product or service.
(5) Repeating the process with users in mind.
The key with successful research and development is to both allow the proliferation of ideas and as well as have the input of users.
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Thank you for this explanation! I'm writing my master thesis on R&D agreements (form legal perspective) and this video helped me a lot in understanding the process behind it.
great explanation
can u tell me what does a rnd officer do in an automobile industry.
Thank you so much for uploading this helpful video. What does the research and development department do at McDonald's?
Thanks for this video
Dude, you be a big nerd…..
Thanks!!
Thanks sure plss explain the product testing of job
I couldn't understand shit you was saying. It's not me it's you dude. I know less about research and development after watching this now. AllllllMannnn
Rabbit holes
thanks for the information
Thanks. Why are you do nervous?
Thank you, this really helped!
thanks
Thank you for sharing, it's really helpful for me
Hello, wondering what do you think of hysr hyper solar company? They are currently in R&D. Do you think they will grow over time? They are currently working into phase 2.
hi sir i am your new subscriber.
sir i want create R&D report on computer hardware repair services.
i am going to R&D for my business and its quality of services for my clients
and defiantly i need generate best revenue.
so i need your guidance reading its.
thanks.