Why do we need R&D?
Research and Development, often times referred to as “R&D”, is essential in the world of business today. R&D refers to the efforts into developing, improving, or modifying products or services to further the growth of a company. Research and Development require constant innovation in order to stay on top of current trends. Although R&D can get pretty expensive, it is crucial in surviving the harsh world today. The Harvard Business Review thinks that companies are fast to get rid of R&D departments…