Research & Development
Research and Development
Research and Development plays a critical role in the innovation process. It’s essentially an investment in technology and future capabilities which is transformed into new products, processes, and services.
Is R&D Really That Important?
R&D directly supports the development of both, knowledge and the business itself.
When a company takes the time to invest in R&D they get a huge influx of knowledge. This is what makes Intel, google and amazon so amazingly successful. Their R&D all boils down to useful knowledge that the company can use to further develop its main product lines.