Research & Development has become a global operation nowadays. Most companies, both large and small, build & maintain R&D operations. It is one of the means by which a company’s future growth is enhanced. It involves investigative activities for the development of new products or processes in order to expand and improve business.

R&D management is all about how organization makes innovative product within their limited budget. It helps senior managers to involve in product innovation in such a way that drives their business strategy. With the help of R&D framework, the company can produce innovative products & solutions, which will attract more customers and enhance the company’s growth.

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