Making innovations through research and developments

                                   Research and development (R&D) consists of the investigative activities that a person or business chooses that to do with the desired result of an experiment, that refers to any new science that will result in a new product or new features for an existing product. Research can either basic research or applied research.  The research and development is concerned with developing new products or processes and improving existing products/processes.

                                       The research and development plays a very important role in the success of a business. Every failure in a research and development effort increases the pressure to perform.That helps a business to have a competitive edge over its competitors. It is the research and development function develops the plans much ahead other functions. It refers to the investigative activities a business conducts to improve existing products and procedures or to lead to the development of new products and processes. More companies spend resources on certain investigative undertakings in an effort to make experiments that can helps to develop new products or work towards enhancing pre-existing products or processes. 

                            Research and development plays an important role in the innovation process. It is essentially an investment in technology and future capabilities which transformed into new products, processes, and services. Research and development describes activity or expense associated with the research and development of a company's goods or services. It,s expenses are a type of operating expense and can be deducted as  a business tax return. For more