What is the focus of research and development in innovation? 🔊
The focus of research and development (R&D) in innovation is to create new products, services, or processes that enhance competitive advantage. This involves generating new knowledge and translating it into practical applications. R&D aims to foster creativity and improve existing offerings, leading to advancements in technology and business practices. By investing in R&D, organizations can stay ahead of market trends, address consumer needs more effectively, and drive sustainable growth.
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