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Research and development (R&D or R+D) [1], known in some countries as experiment and design, is the set of innovative activities undertaken by corporations or governments in developing new services or products. [2] [3] [4] R&D constitutes the first stage of development of a potential new service or the production process.
Generally speaking, R&D is seen as a main driver of societal and business innovation. [citation needed] The OECD's Frascati Manual describes R&D as "creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of man, culture and society, and the use of this stock of knowledge to devise new applications."
Few dedicated management models for R&D exist. Among the more popularized ones are Arthur D. Little's Third generation R&D management, [5] the Development funnel, [6] the Phase–gate model All these models are concerned with improving R&D performance and result productivity, managing R&D as a process, and providing the R&D function with an environment in which the inherent technological and ...
Global R&D management is the discipline of designing and leading R&D processes globally, i.e. across borders, in multi-cultural and multi-lingual settings, and cutting across multiple time zones. In addition, managing R&D organizations, and ensuring smooth transfer of new know-how and technology to other groups or departments involved in ...
Research development (RD) is a set of strategic, proactive, catalytic, and capacity-building activities designed to facilitate individual faculty members, teams of researchers, and central research administrations in attracting extramural research funding, creating relationships, and developing and implementing strategies that increase institutional competitiveness.
A research and development (R&D) Agreement is an agreement, usually a contract, between two entities to conduct research and development. “Research and Development Agreement is a systematic activity combining both basic and applied research , and aimed at discovering solutions to problems or creating new goods and knowledge.” [ 1 ]
Image source: The Motley Fool. Seagate Technology Plc (NASDAQ: STX) Q2 2025 Earnings Call Jan 21, 2025, 5:00 p.m. ET. Contents: Prepared Remarks. Questions and Answers. Call Participants
The R&D pipeline involves various phases that can broadly be grouped in 4 stages: discovery, pre-clinical, clinical trials and marketing (or post-approval). Pharmaceutical companies usually have a number of compounds in their pipelines at any given time. The drug pipeline is an important indicator of the value and future prospects of a company ...