By A. Ganguly
Aiming to illustrate how technological know-how and know-how could be controlled which will meet well-defined company directives, the writer argues that it's going to be a basic enterprise premise that the first position of study and improvement is to fulfil strategic pursuits, inside of a framework of time and value ambitions. He examines the conventional disconnection among examine and improvement and the industry position, and provides the capacity to derive aggressive virtue via overcoming it.
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Additional resources for Business Driven Research and Development: Managing Knowledge to Create Wealth (Macmillan Business)
The fact remains that right through the 1980s many successful companies had dynamic and productive R&D departments well grafted into the heart of the business, while there were others which had failed to achieve this and suffered adverse consequences as SOME GLEANINGS FROM RECENT PUBLICATIONS 17 a result. The main reason for some of the disenchantment of the 1980s can be traced to the communication gap between business and research, which becomes even more glaring during business downturn, as was the case in several sectors in the 1980s.
It is therefore easy to see that ﬁrms which are able to pool and exploit such diverse elements deliberately, tend to win and lead. Sometimes the outcome of such a process is called ‘creativity’. Dominance depends on creativity, which is a matter of skills, resources and organisation. The inter- or trans-disciplinary approach in knowledge advancement has been explored in depth by Gibbons et al. 25 and their explorations provide a number of interesting insights. The break-up and reordering of traditional scientiﬁc disciplines such as mathematics, physics, chemistry and biology has been going on for several decades.
Unlike Russia, China realised that the loss of its civilian knowledge pool following the cultural revolution could not be rebuilt even with the help of its powerful military establishment, and that its knowledge gap could only be bridged by importing technology from advanced nations. 30 BUSINESS-DRIVEN RESEARCH AND DEVELOPMENT From these two important and contemporary examples, it may be apparent that knowledge, education, R&D and wealth creation are not only intimately linked, but people and nations who master this value chain help advance the cause of civil society, while those who are unable to cope, or decide to follow another model, tend to slide into regressive underdevelopment.