By offering market insights and creating new services/products or upgrading existing ones in response, an R&D department's job is to keep a corporation competitive. The R&D division will play a significant role in how the company expands in the future. A variety of duties will fall under the purview of the R&D division.
Why do you need a new system because of the weaknesses in the existing system?
- Funding sources.
- The rapid pace of technological change.
- New technologies and sociological issues.
- Technical staffing shortages.
- Aging infrastructures.
- Inflation and its effects on increasing costs.
- Global competition.
- Economic disruptions.
Who Need?
- Pharmaceuticals industry.
- Life sciences industry.
- Automotive industry.
- Software and technology industry.
- Construction industry.
- Manufacturing industry.
- Engineering industry.
Objectives
- In order to identify and prioritize R&D gaps and help focus high-level decision-making.
- Aid in the effective distribution of resources.
- Encourage more funding for push and pull AMR R&D.
- Incentives to maximize the impact of domestic and international research initiatives.
- Encourage global research collaboration between many partners.
- Utilizing the right combination of incentives.
- Inform policymakers on AMR R&D.
Key Features
- Product research.
- Product development.
- Product updates.
- Quality control.
- Market research.
- Promoting innovation.
- Contains novelty.
- Systematic activity.
- Transferable and/or reproducible.
Benefits
- Improved quality.
- Competitive advantage.
- Economic growth.
- Increased innovation research.
- Unique selling point.
- Social benefits.
- Environmental benefits.
- Improved safety.
- Increased efficiency.
- Increased productivity.
Devices of use
- Computers.
- Smartphones.
- Tablets.
Achievements
- Competitive advantage.
- Marketing assistance.
- Increased motivation.
- Buyouts and mergers.
- Increased customer satisfaction.
- Basic research.
- Applied research.
- Collaboration.
- Reputation.
