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Strategic role of research and development in business

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Reference no: EM133221962

Research and development is important aspects in any technological and innovation based business. Main objective of R&D is to develop new knowledge and apply scientific or engineering knowledge to connect the knowledge in one field to that in others.

i. Discuss 3 strategic role of research and development in business.

ii. Explain the classification of research and its operational activities. Draw also the flow diagram of research classifications and its relation to product tangibility.

Reference no: EM133221962

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