Major R&D Approaches for Strategy Implementation

Major R&D Approaches for Strategy Implementation

Research and Development (R & D) is an important tool in the business strategy implementation process aimed at not only growing but improving a business as well. It is basically a venture in technology and future capabilities, and entails researching a given market and customer needs in order to create not only new but improved products, processes and services to match customer needs. As highlighted by David (2000, p.99), there are three major R & D approaches for implementing strategies. In view of this therefore, this paper intends to discuss the three approaches for implementing strategies.

Being the First Business Organization to Market Technological Products