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Research & development work

A scope of activities/services that involves both conducting scientific research, experiments and studies and producing pilot batches before launching a new product/service or a new technology/system

KEY OBJECTIVES, PRINCIPLES AND STAGES OF R&D WORK

OBJECTIVES

To acquire new knowledge about nature and society, their evolution and new application areas

To test (both theoretically and in practice) the applicability of the product competitiveness standards that were elaborated by the company during the strategic marketing stage

To implement innovations

PRINCIPLES

The above considered management approaches, principles and techniques should be applied for any problem solving or decision making. The number of applied management components is determined by the complexity and the cost of the site and other factors

Innovations should be focused on human capital development

STAGES

Basic research (research studies)

Applied research

Development work

Development or experimental work that can be carried out at any of the above stages