Research & Development (R&D) - Business concept of the day
Learning & Development
321 week ago — 1 min read
Definition: Research & Development (R&D) is the process of discovering and developing new products and services. It helps companies invent innovative products & services.
Example: Before releasing their innovative mobile app payments solution, the startup had spent two years on R&D to evaluate its feasibility, explore technology & understand their target market.
Business Insight: Investing time and money in R&D is essential for startups and SMEs to create a product that is competitive in the marketplace with enduring value. Pharmaceuticals, semiconductor and software/technology companies tend to spend the most on R&D.
Posted by
GlobalLinker StaffWe are a team of experienced industry professionals committed to sharing our knowledge and skills with small & medium enterprises.
Network with SMEs mentioned in this article
View GlobalLinker 's profile
Other articles written by GlobalLinker Staff
Declutter Your Business the Marie Kondo Way
29 week ago
Most read this week
Trending
Comments (3)
Please login or Register to join the discussion