Research and Development (R&D) Management

Research and Development (R&D) Management involves overseeing the processes of creating new products or improving existing ones. It includes identifying market needs, directing research efforts, and managing teams of scientists and engineers. The goal is to innovate and enhance a company's offerings, ensuring competitiveness and growth. R&D management balances creativity with practical considerations like budgeting, timelines, and regulatory compliance, ultimately aiming to turn ideas into viable products that meet consumer demands and drive business success.