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MS-94: Technology Management

1. How does Technology Forecasting help an organization in decision making? Explain

with the help of examples.

Answer Technological Forecasting (TF) is concerned with the investigation of new trends,
radically new technologies, and new forces which could arise from the interplay of factors such as
new public concerns, national policies and scientific discoveries. Many of these forces are beyond
the control, influence and knowledge of individual companies.

Technology Foresight is a combination of creative thinking, expert views and alternative scenarios
to make a contribution to strategic planning.

The future is almost by definition unknown, but in both forecasting and foresight activities the
judgements or opinions of experts are used. Experts can be used singly, or in numbers. Different
techniques can be applied to provide either a consensus view, a range of opinions, or maverick
views. The kinds of exercises that can be carried out vary enormously in their complexity and
structure and in the ease with which they can be managed.

The simple expedient of subscribing to a technical journal, or belonging to a network or


collaborative R&D project, or finding out what research is being done by a relevant research
organisation, can all be the first stage towards setting up a more structured approach.

Planning the exercise and getting started

When planning to start either forecasting or foresighting it is useful to consider:

 The reasons for doing it.


 What resources will be needed and what resources can be made available.
 How long will it take?.
 How to learn the techniques and improve the overall process?

Establish the need

In order to assess if a more systematic approach will be useful the following factors can be
considered:

 The criticality of technologies used by the company.


 The maturity and rate of change of critical technologies.
 The nature of the R&D strategy, (eg whether offensive or defensive).
 The complexity and flexibility of markets and the overall business environment.

The magnitude and direction of technological progress in general is driven by financial investment
and by market forces and needs; these must also be watched and monitored as part of any
forecasting activity.

Co-ordinating resources

Decisions must be made about who should manage the forecasting process. It is not a task for a
junior member of staff. It may need a multidisciplinary team or a single individual with adequate
authority to co-ordinate across several departments. In all cases the exercise should first seek to
use the knowledge and expertise of individuals within the company. Their specific knowledge of
company activities and processes will be useful; much additional information can also be gleaned
from their contacts and networks and from their appreciation of the general business environment.

Establish and improve the process: forecasting

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The process has two primary activities: information gathering and analysis. The value of the overall
process to each company depends on how the two main activities are carried out, how the
techniques are customised, and the extent to which the process is followed through to
recommendations and actions. They are often applied in iterative or parallel processes. It is not
necessary to complete the whole process to appreciate the potential benefits so the process
reinforces itself and encourages further iterations.

Activity 1: collection of relevant information

The major issues to be addressed are:

◦ What information and what kind of data are relevant?

◦ What sources of information are to be used?

◦ How accurate is it?

◦ What systems need to be set up to provide information and data on


technological developments and trends?

Practical decisions arising from consideration of these issues include:

◦ Which journals to monitor, and how.

◦ Which conferences and trade fairs to attend.

◦ How to share information.

◦ Who should participate in which networks.

◦ How can an individual’s relevant expertise best be used?

◦ What internal data to collect and external data to acquire.

◦ How to track performance parameters of competitors’ products?

Activity 2: analysis of the data by individuals and by various methods and techniques

The major issues to be addressed are:

 Whose expertise should be used?.


 Which methodologies or techniques are appropriate?.
 Against what criteria or objectives are the analyses to be judged?.
 What data should be used or is relevant?.
 Who are the relevant people to apply the techniques to the data?.

Decisions following from considerations of these issues could result in a greater understanding of
the potential contribution and judgement of different experts, within and without the company; more
tightly formulated objectives; and a greater understanding of the value of forecasting in general.

Establish and improve the process: foresight

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Foresight activity seeks the subjective or intuitive opinions of a number of people with varying
degrees of expertise. Opinions need to be collected without bias or misinterpretation. Using
different techniques, some more structured than others, experts are asked to project their present
knowledge towards how events and trends might develop in the future. They also need to consider
what alternatives might be possible within the projected time frame. When setting up a foresight
programme it is important to consider:

 What kind of expertise is relevant and how can it be obtained.


 What boundaries to the creativity of the process have to be imposed.
 How can the exercise be aligned to the needs of the organisation that is commissioning the
study.

Specific techniques

Forecasting techniques

The formal forecasting techniques are standard components that are described in many textbooks
on forecasting techniques (see specific techniques). Specific techniques for forecasting fall into
two main categories, exploratory and normative. Information about each technique is available in
various references.

 Exploratory techniques are primarily concerned with the analysis of historical data. Selected
attributes such as functional performance, technical parameters, economic performance etc.
are plotted against time. Since it is usually assumed that progress is evolutionary and that
technological progress is not random, it is possible to generate characteristic curves or
patterns from the data and from these patterns forecasts can be made with varying degrees
of certainty. However, changes do occur and the influence and impact of new or surprise
factors must not be disregarded. Examples of relevant exploratory techniques are:

◦ S-curves

◦ cycles

◦ trend extrapolation

◦ technology substitution

— all of which rely on a large amount of statistical data, which may or may not be available freely.

 Normative techniques start by proposing a desired or possible state, such as the satisfaction
of a market need or the achievement of a technological development, and work backwards
from this to determine the steps necessary to reach the required outcome. The number of
foreseeable paths of development from the present position to the objective could range from
‘none’, implying a completely new technology, to ‘several’. Each feasible path to the objective
is analysed for its relevance and difficulty. Examples of relevant normative techniques are:

◦ relevance trees

◦ morphological analysis

◦ technology watch and technology monitoring

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


◦ Delphi analysis

◦ trend impact analysis

◦ technology substitution.

Information needed for these techniques is likely to be more firm-specific than that needed for
exploratory techniques. Technology-watch in particular needs a proactive role to help the
organisation identify and establish links with the most useful sources of information and opinion;
typically these will be at the forefront of innovative activity.

Foresight techniques

The methods and systems used in foresight programmes are drawn from the forecasting field,
particularly technology forecasting (see above).

Intuitive thinking is used more in technology foresight than in technology forecasting and is used
in a comprehensive and structured form. All intuitive thinking methods are relevant to foresight
activities, but only a few of the exploratory and normative methods used in forecasting are
applicable to foresight. Which exploratory or normative method to use, under different
circumstances, will depend on the requirements of each specific study.

The use of ‘vision’ is a form of intuitive thinking. When companies formulate a business strategy
the vision of key individuals can play an important part. The value of this kind of input is increasingly
acknowledged.

It is unlikely that any single method on its own will meet the needs of a foresight programme.

Other methods and techniques that can be used for foresighting include:

 The general classes of cross-impact simulation, which try to develop a qualitative


understanding of the structure and interrelationships of the situation.
 Relevance trees, which investigate the dependence of technologies at one level to
technologies at adjacent levels.

Both of these classes of methods provide some elements of semi-quantitative or judgmental


analysis.

Patent analysis can be regarded as a specific foresight technique if the implications of the analysis
are followed through.

Intuitive thinking is used in technology foresight in a comprehensive and structured form. All
intuitive thinking methods are relevant to foresight activities, but only a few of the exploratory and
normative methods are applicable. Which exploratory or normative method to use, under different
circumstances, will depend on the requirements of each specific study.

Relevance tree

Once an objective has been defined, a relevance tree technique can be used to investigate the
relevance and feasibility of different ways of achieving it. It provides a means of exploring all the
contributing technologies and approaches in a systematic way and highlights the alternative routes
and choices that are available, and their consequences. If there is a critical gap which cannot be
bridged with existing technology, it could signal an opportunity for a major technological innovation.
Each route can then be assessed on criteria such as development cost, probability of success and
lead time, and a decision taken relevant to company policy at that time. Expert opinion has to be
employed to quantify the consequences and relevance of many of the steps, and there is no ‘best’
approach, because criteria will be company specific. A methodology using ‘relevance numbers’,

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


which assigns to each path a proportional relevance with respect to other alternatives at the same
level, is a useful tool for reaching a consensus, and for quantitatively comparing relative
importance.

Delphi exercises

The Delphi technique is used where a consensus of expert opinion is required on the timing,
probability and identification of future technological goals or consumer needs and the factors likely
to affect their achievement. It is best used in making long-term forecasts and revealing how new
technologies and other factors could trigger discontinuities in technological trajectories. The choice
of experts and the identification of their level and area of expertise are important; the structuring of
the questions is even more important. Experts in non-technological fields can be included to ensure
that trends in economic, social and environmental fields are not overlooked.

The exercise usually consists of an iterative process of questionnaire and feedback among the
respondents; this process finally yields a Delphi forecast of the range of experts’ opinions on the
probabilities of certain events occurring by a quoted time. The method seeks to nullify the
disadvantage of face-to-face meetings at which there could be deference to authority or reputation,
a reluctance to admit error, a desire to conform, or differences in persuasive ability. All of these
could lead to an inaccurate consensus of opinion. The quality of the forecast is highly dependent
on the expertise and calibre of the experts; how the experts are selected and how many should be
consulted are important questions to be answered. If international experts are used, the exercise
can take a considerable length of time, or the number of iterations may have to be curtailed.
Although seeking a consensus may be important, adequate attention should be paid to views that
differ radically ‘from the norm’ there may be important underlying reasons to justify such maverick
views. With sufficient design, understanding and resources, most of the shortcomings of the Delphi
technique can be overcome and it is a popular technique, particularly for national foresight
programmes.

Benefits

Technology cannot be considered in isolation from environmental, social, economic and political
factors and all these factors can affect a company’s performance and outlook. The quality of
decision-making in strategic planning can be improved by information on these factors and by the
knowledge and experience learned from obtaining such information.

Forecasting and foresight extend and expand the benefits of near-term market intelligence and
simultaneously stimulate learning and improvement practices.

Forecasting and foresight studies try to shed light upon the nature, magnitude, probability and
timing of relevant scientific and technological developments. These can be opportunities or threats
and might have a potential impact either on a single enterprise or on several or many enterprises
collectively. They might have an impact on supply-chains, industry sectors or consumer markets.

It is sometimes important that national governments and international organisations, such as health
and environmental agencies, should set up forecasting and foresight activities. These activities
can complement the formal or informal planning, marketing or forecasting and foresight activities
set up by business associations and/or individual companies. A co-incidental benefit of national or
international studies that are conducted in a participative way is that they can facilitate networking
between companies.

Much of the value of engaging in foresight activities at a company level lies in working through the
processes themselves rather than just reading the results and formal reports arising from the
exercise.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


Foresight information can give greater legitimacy to vision statements. A common reason for a
company to change its Chief Executive Officer is to inject a new vision into the organisation.
Foresighting exercises can provide an alternative way to inject new vision; they are less dependent
on the talent or inspiration of a few key individuals. A wide representation of employees can be
involved in foresighting, or can learn about its impact and results; this has direct benefits since the
vision is already communicated and better understood across the organisation. There are also
indirect benefits in terms of empowerment, motivation and learning.

2. Identify an organization which has adopted a specific route of technology transfer for its
product.. Discuss the advantages and disadvantages of adopting a specific route by the
organization for its product.

Answer Technology transfer is the process by which basic science research and
fundamental discoveries are developed into practical and commercially relevant
applications and products. Technology Transfer personnel evaluate and manage
invention portfolios, oversee patent prosecution, negotiate licensing agreements
and periodically review cooperative research agreements already in place. Part of
the technology transfer process involves the prosecution of patents which is
overseen by the national Patent and Trademark Office. Individuals with advanced
degrees in the biomedical sciences are needed to review and process patents in
the biotechnology field.
TT Function: Coordinate
Coordinating between technology users and developers, between
researchers and manufactures is an important element of technology
transfer. Access to relevant internal and external resources to individual
projects and enterprises has to be enabled.
TT Function: Nurture
A main ingredient for moving technology from a research laboratory to a
new business enterprise successfully is an environment that is supportive
of entrepreneurship. This needs to be encouraged by providing guidance,
counseling and resources.
TT Function: Link
Cataloging resources related to business enterprises and connecting would-
be entrepreneurs/researchers and other technology developers to outside
groups and organizations which can help in the process of starting new
products, companies etc. Such linkages provide referrals for individual
business counseling, sources of financing or the names of individuals who
can help with a particular facet of business development.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM
3. List out different technology development approaches. Explain each approach with the

help of an example.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


For all the countries, the most practical strategy for technology development is to ‘make some and
buy some’ This gives the advantage of selecting an appropriate area of specialization and the
potential to exploit the technology trade in the international market place.

The complex process of technology development is schematically presented in figure.

The technological needs are derived from national socio—economic goals. A country’s technology
development strategy is then determined by combining these identified technology needs with

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


potential technological developments in the world and a through assessment of available land
emerging technologies. Then the country determines a strategy to import technologies which it
cannot practically develop itself and identifies technologies which can be produced locally. Now,
there is a universal realization that unless a concerted attempt is made to build local technological
capabilities for absorbing imported technologies, any attempt to develop indigenous technologies
encounters enormous difficulties. Even with regard to imported technology, it is essential for a
country to be able to select, digest, adapt and improve it for local consumption. All of these efforts
justify greater priority and allocation of resources to R&D. A per—requisite for effective utilization
for R&D resources is the development of technological infrastructure within the country, including
institution building, manpower development, provision of support facilities and creation of an
innovative climate.

The following general principles with regard to the planning for development of indigenous
technological capabilities may be kept in view :

i) It is important to be selective in self—development of technology. Emphasis should be


given to total integration of all activities in the technology production chain to achieve
self—reliance.
ii) In selecting areas for development, a country can be inward—looking in some areas
and outward—looking in some other areas.
iii) Import substitution can only be a temporary strategy.

iv) In the technology production chain, a number of activities involving basic and applied research
can be undertaken, but it is important to be able discard some of the non—productive projects
and concentrate, from time to time upon those which have high commercial potential.

iv) Technology development is best achieved through collective effort. Individuality,


which tends to aim at being unique rather than practical should be minimized.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


4. Write a brief not on ‘Science and Technology in India’ in the contemporary scenario.

Answer India ranks third among the most attractive investment destinations for
technology transactions in the world. Dr Harsh Vardhan, Union Minister of
Department of Science & Technology, has reiterated that technology is a strong
priority area for the government and it aims to make people science-centric. Modern
India has had a strong focus on science and technology, realising that it is a key
element of economic growth. India is among the topmost countries in the world in the
field of scientific research, positioned as one of the top five nations in the field of
space exploration. The country has regularly undertaken space missions, including
missions to the moon and the famed Polar Satellite Launch Vehicle (PSLV).
Currently@, 27 satellites including 11 that facilitate the communication network to
the country are operational, establishing India’s progress in the space technology
domain. India is likely to take a leading role in launching satellites for the SAARC
nations, generating revenue by offering its space facilities for use to other countries.
Market size
India ranks second in terms of contribution to high-quality scientific research. ^ It is
among the world’s top 10 nations in the number of scientific publications. Position-
wise, it is ranked 17th in the number of citations received and 34th in the number of
citations per paper across the field of science and technology (among nations
publishing 50,000 or more papers). The country is ranked ninth globally in the
number of scientific publications and 12th in the number of patents filed.
India has been ranked as the top exporter of information and communication
technology (ICT) services and second in innovation quality in 2017#. The country
has moved up six places to 60th position in the Global Innovation Index (GII).
Innovation centres are quickly being set up in India by organisations around the
world, backed by the Government of India's move towards a digital economy and
plenty of digital talent.##

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


The Government of India is extensively promoting research parks technology
business incubators (TBIs) and (RPs) which would promote the innovative ideas till
they become commercial ventures.
India’s Engineering R&D (ER&D) Globalization and Services market reached US$
22.3 billion in 2016 and is set to rise to US$ 38 billion by 2020.* India has a total of
25 innovation centres in the country and has been ranked as the top innovation
destination in Asia and second in the world for new innovation centres, according to
a Capgemini report. The country accounts for 27 per cent of Asia’s new innovation
centres.
India's analytics industry is expected to touch US$ 16 billion by 2025 from the current
US$ 2 billion, as per the National Association of Software and Services Companies
(Nasscom).
Developments/Investments:
With support from the government, considerable investment and development has
incurred in different sectors such as agriculture, healthcare, space research, and
nuclear power through scientific research. For instance, India is gradually becoming
self-reliant in nuclear technology. Recently, the Kudankulam Nuclear Power Project
Unit-1 (KKNPP 1) with 1,000 MW capacity was commissioned, while the
Kudankulam Nuclear Power Project Unit-2 (KKNPP-2) with 1,000 MW capacity is
under commissioning.
Recent developments
Some of the recent developments in the field of science and technology in India are
as follows:

 As per the Government records, the number of Indian scientists coming back to India to pursue research
opportunities has increased from 243 in 2007-2012 to 649 between 2012 and 2017 . In the span of 5
years 649 Indian scientists have returned to pursue research opportunities.
 India's space business to witness tremendous growth in the next five years, on the back of technology
advancement, global space business opportunity and a sharp rise in Indian Space Research
Organisation’s (ISRO) satellite launch capability.

Investment Scenario

 Higher Education Funding Agency (HEFA) has approved projects US$ 320.89 million, of six institutions,
which will be used to improve the research infrastructure in these institutions.
 Spending on artificial intelligence (AI) by Indian companies is expected to increase by 8-11 per cent over
the coming 18 months backed by rising influence of AI-based solutions across verticals.@@
 GridRaster Inc, working in the virtual and augmented reality space, has raised US$ 2 million as seed
funding, which will be used for marketing and product development.
 The state of Karnataka aims to become the electric vehicle (EV) capital of India with investments worth
Rs 31,000 crore (US$ 4.76 billion) from companies focusing on research and development (R&D) and
manufacturing of EVs in the state.
 India has successfully launched the GSAT-17 satellite, which carries communication payloads in C-
band, Extended C-band and S-band to provide various services to the country.

Government Initiatives

 A five year technology fund with US$ 4 million yearly investment, called Israel India Innovation Initiative
Fund (I4F), has been launched by India and Israel to boost bilateral ties.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


 Mr Nitin Gadkari, Minister for Road Transport, Highways and Shipping, Government of India, is planning
to introduce biofuel vehicles for road and water transportation on a large scale and has already directed
Niti Aayog to conduct a research on methanol-powered vessels like cars and ships developed by China.
 The Department of Science and Technology (DST), Government of India has launched a scheme
named 'Visiting Advanced Joint Research Faculty' (VAJRA), in a bid to bring together the Indian
scientists abroad and India-based researchers for conducting joint researches in India.
 The Government of India aims to develop India into a global innovation hub by 2020 on the back of
effective government measures taken to provide an enabling environment for growing research and
development in India, says Mr Y. S. Chowdary, Minister of State for Science and Technology & Earth
Sciences, Government of India.

The Union Budget 2018-19

 The allocation to the Department of Science and Technology (DST) has been increased by 8.21 per
cent to Rs 5,114.78 crore (US$ 790.05 million) as against the previous budget.
 The budget for the Ministry of Science and Technology, has been increased by 6.11 per cent to Rs
12,322.28 crore (US$ 1.9 billion) as against the previous budget.
 The Department of Atomic Energy has been allocated Rs 13,971.41 crore (US$ 2.16 billion), an
increase of 5.76 per cent against the previous budget.
 The Ministry of Earth Sciences was allocated Rs 1,800 crore (US$ 278.04 million), which is an increase
of 12.66 per cent as against the previous budget.

The Road Ahead


India is aggressively working towards establishing itself as a leader in
industrialisation and technological development. Significant developments in the
nuclear energy sector are likely as India looks to expand its nuclear capacity.
Moreover, nanotechnology is expected to transform the Indian pharmaceutical
industry. The agriculture sector is also likely to undergo a major revamp, with the
government investing heavily for the technology-driven Green Revolution.
Government of India, through the Science, Technology and Innovation (STI) Policy-
2013, among other things, aspires to position India among the world’s top five
scientific powers. ‘Chandrayaan-II', India's space mission to moon, is set to take
place between January-March 2018, stated Dr Jitendra Singh, Union Minister of
State (Independent Charge), Ministry of Development of North Eastern Region
(DoNER), MoS PMO, Personnel, Public Grievances & Pensions, Atomic Energy and
Space, Government of India.
Exchange Rate Used: INR 1 = US$ 0.015 as of January 4, 2018.

5. Explain the role of R & D in an organization. Illustrate with the help of examples.

Answer R&D (Research & Development) plays a very important role in the success of
a business. R&D contributes to sustainability of business. Many companies do not
understand the importance of R&D until it is too late.
It is the R&D function that provides a platform for creativity and innovation to flourish in an organisation. Innovative breakthroughs
have happened only because of painstaking efforts of the R&D function. Perseverant efforts are needed when one is in pursuit of
research. Every failure in a R&D effort increases the pressure to perform.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM


R&D helps a business to have a competitive edge over its competitors. It is the R&D function that develops plans much ahead other
functions. The R&D function needs to have a clear foresight about future problems that need solutions. R&D (in its development role)
can act as a catalyst for speeding up the growth of organisation by way of introducing breakthrough products in the market.

R&D is very relevant in today’s competitive scenario when customers are hankering after new products and new technologies. The firm
that can successfully leverage its R&D efforts by translating the efforts in building new products will find itself ahead of its competitors.
Expenses on R&D can be considered not as expenditure but as an investment.

The ROI on R&D efforts can take a while to materialise. But once success is achieved, the financial returns can be quite high.
Pharmaceutical companies, chemical companies, automotive companies, lubricant companies invest massive amounts of capital
expenditure and revenue expenditure for this reason. These companies strive to be ahead of others in their learning curve.

Some companies are technology leaders, while others are followers. Some industries prove to be laggards (they are the ones to wake up
to the market realities a way bit late).

Let us take the case of mobile phones. Today there are different types of models that are being launched in market are the result of
intensive R&D efforts. Apple, Sony, 3M are the companies that are known for their breakthrough technologies - some of these
technologies are albeit disruptive because they make the existing technologies redundant.

3M’s scrotchbrite is one example that brought in the hygiene factor and capitalized on it.The turnaround time for new products in
toothpastes (dental care products) has considerably shortened. Many firms have converted problems into opportunities only because of
their R&D efforts. These companies eventually became technology leaders as they created a churn in the market

All the modern inventions –laptops, palmtops, music players, iPods, mp3players, automatic washing machines, dishwashers, water
filters are all examples of R&D efforts that had a successful outcome. Who would have thought that mosquitoes would provide a n
opportunity for new product development in the form of mosquito mats, repellent creams, vaporizers etc.

Digital photography has made the conventional technique redundant. Computers have confined the typewriters to the museum. E-mail
has rendered the snail mail defunct.

The world moves on only through scientific inventions and discoveries which are result of sustained R&D effort .Only this leads to long
term business sustainability. Sometimes R&D efforts are also necessitated to meet the regulatory norms eg: green technologies that
reduce pollution. Hybrid cars, electric cars, catalytic converters in cars are examples of successful R&D efforts

The true test of R&D function lies in time to market. Business exists for the sake of making profits. So, the role of R&D in shortening the
time to market becomes extremely important. Unless the R&D efforts in the lab cannot be scaled up within a reasonable time frame,
little can be expected in terms of the functional credit to be assigned to R&D.

In India, the problems faced by R&D functions are one too many. It is high time the scenario changed. Germany is known for world class
engineering and US is known for its research agenda. India, despite having a talent pool, still lacks in indigenous research. We have a
situation where foreign companies like GE and Shell come and set up R&D centers here and gain competitive advantage globally.

R&D becomes extremely relevant to make an organization future ready,to equip the business with the wherewithal required for
commercialization of lab efforts through large scale production.

R&D function can reasonably predict future technology trends. In an environment filled with resource constraints, R&D efforts in the
right direction will enable allocation of scarce resources for the right purpose.

R&D helps a business earn revenues through licensing of technology, technology transfer too. The information technology has developed
so much in the last few years that change has become the norm in such sectors. There needs to be greater co ordination between
academic research and industry research.

Companies tend to focus more on “development” and less on “research” mainly to meet short term operational goals. It must be
understood clearly that R&D has a strategic orientation and using the R&D function to meet short term operational goals is anything but
a wise more. Some firms use R&D as a cost center because of the depreciation allowance given by the Income Tax dept.

IGNOU INFO PALLAV SETHI PALLAVSETHI1989@YAHOO.COM

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