Management of Technology, R&D

R&D spans a range of activities from early research to specific development of commercial applications. Technology clearly plays a key role in the R&D process, and can be defined as the knowledge, products, processes, tools and systems used in the creation of goods and/or services. Innovation arises out of a critical expectation of both R&D and technology management. It requires the combination of a creative idea with the right resources and expertise to develop a useful offering for the business.