Driving the Economy Through R&D Activities

K. B. Akhilesh
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K. B. Akhilesh: Indian Institute of Science (IISc)

Chapter Chapter 3 in R&D Management, 2014, pp 27-35 from Springer

Abstract: Abstract The major drivers of economic developments are R &D activities. At the introduction, we have emphasized how different R&D activities can drive the economy. R&D activities include resource mobilization and allocation, networking and collaboration, creativity and talent management, and innovation. The present chapter gives a detailed evaluation of challenges faced in R&D activities and how to turn the ideas into financial returns. Learning Objectives: To understand the role of organizations toward growth of economy through R&D activities; to identify the processes of resource allocation in R&D activities; the choices of approaches toward commercialization of R&D activities toward driving the economic growth.

Keywords: Economy growth; Allocation of resource; Resource mobilization; Gap analysis; Product life cycle; Challenges in R&D; Commercialization; Management frameworks (search for similar items in EconPapers)
Date: 2014
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Persistent link: https://EconPapers.repec.org/RePEc:spr:sprchp:978-81-322-1946-0_3

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DOI: 10.1007/978-81-322-1946-0_3

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