Research And Development (R&D) Best Practices

Start the discussion!

New Category!
Thinking of a Best Practice which could fit in this category? Tell us

Total results: 5 has-more!
Research and Development (R&D)

What Is Research and Development (R&D)?

Research and development, often shortened to R&D, is the activities that business carry out to innovate and generate new processes, products, service, or knowledge. Often the first phase of the developmental process, R&D allows businesses to keep ahead of its competition through developing new products or services, or even simply improving existing ones.

Many different sectors and industries conduct R&D, such as technology companies, computer software companies, pharmaceutical firms, beauty and skincare brands. R&D is more important to certain companies and types of businesses than others, for example a pharmaceutical company would spend most of their resources on R&D whereas a retail business would not consider it an important focus. Technology companies, Apple specifically, focus a significant amount of resources on R&D as their competitive advantage relies on their ability to release the most innovative and advanced devices and software compared to their competitors.

The R&D Process

The process of R&D is a cycle, consisting of;

1) Ideation, theorisation, and brainstorming new methods of innovation or improvement.

2) Researching and experimenting methods to carry out the improvements.

3) Designing and developing the new/ improved product or service.

R&D can be conducted in-house, under contract, or jointly with other companies. In-house R&D provides an advantage as the company is then the sole owner of the knowledge, skills, products, services etc that the R&D generated and can protect it from being used without authorisation through patents.

Learn more about R&D

Research and Development

What is R&D?

eloqoon share idea

Have a Research And Development (R&D) Best Practice to share?

Publish a Best Practice

Learn more about digital publishing

eloqoon search

Can't find what you are looking for?

Tell us

Or browse through the Catalog

eloqoon search someone

Think of someone who could publish?

Suggest an author

Learn more about digital publishing

please wait...