TECHNOTREON INTELLECTUAL VENTURES
Design. Invent. Patent. With a one-of-a-kind intellectual property developer
TECHNOTREON INTELLECTUAL VENTURES
Design. Invent. Patent. With a one-of-a-kind intellectual property developer
Need for Research and Development
Does any innovation exist without research? Every new invention is essentially an investment in technology and resources which transforms the firm to deliver new products and services. Hence, R&D proves to be a key factor in developing a competitive advantage through their relevant discoveries. It's a never-ending question when the leaders ask why to invest in the R&D project, so take a glance at the below specific points to identify the answer.
● The influence of technology is regularly changing every company's requirements to meet the needs of the employees working as well the customers seeking their product. It is a well-accepted fact that absorbing new technology in the right places can transform R&D to operate on the practical level, saving money from ensuring product quality to everything.
● Customer satisfaction and Total Quality Management emphasizes on the overall development of a company. The process of changing form, components, materials contribute to the new product development. Generating new ideas, Analyzing them, setting and finally developing the inventions are the phases included in it. Developing a new product enables the company to get into the market place more easily than the existing product.
● Effective research involves creating a process of innovation by encouraging and involving a wide group of representatives willing to work together, leading to new process development. The priority of a company should always be to find out what the customer's demands are and thereby produce products for them. To make the new process efficient, there should be coordination between all the departments of the firm.
● Process Intensification is the application of the best possible technological solutions to the classic problems occurring in any sector of the company. Setting up a definite process is the true strength of any R&D program. Applying novel driving forces to create step-change in process effectiveness, rethinking hardware or software solutions, combining unit operations to multiple processing steps are involved under the process intensification.
● One of the important business objectives is product development. Improving the already existing products provides the company to understand the customers properly and also get to know what their actual need. Estimating the lifecycle of the currently existing product and enhancing them is concerned with the R&D team. Yet, it is difficult to decide whether to build a new product or improve the existing one?
● Innovation depends on a research infrastructure that generates and validates great ideas and commercialising mature technologies to enhance the creations of the R&D process and transform into commercially successful products and services to generate maximum profits. This realization is now brought up by most of the firms through raising patent productivities in their enterprises.
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