What role does the Research and Development dep... - JSS1 Business studies Functions of the Various Departments Question
What role does the Research and Development department play in driving innovation within the organization?
The Research and Development department is responsible for driving innovation by conducting scientific or market research, developing new products, services, or technologies, testing and validating ideas, and managing intellectual property. They contribute to the organization's competitiveness by staying ahead of market trends, identifying opportunities for improvement or differentiation, and creating value through innovation.
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