Role of Innovation and Creativity in R&D

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This power point presentation highlights the importance of innovation and creativity in R&D. It illustrates the role of managing knowledge and research in an institution such as the Indian Institute of Science, Bangalore, India.

Business Education

Role of Innovation and Creativity in R&D A Special Presentation to the CMD and Director (O) NTPC Limited New Delhi

SPEECH Naman: Good morning, respected teachers and my dear friends, today we the students of class Xi- C are going’ to explain the role and importance of Research and Development . Today in this presentation we will cover up on topics • What is R&D • Its role and importance • Its components • R&D in INDUSTRY • R&D in India • Expenditure analysis in different sectors of technology. What is R&D? Rohan: But friends do you really know what is research and development. “Research and development (R&D) aims to create new technology or information that can improve the effectiveness of products or make the production of products more efficient.” In layman’s language it’s a way to use our science to improve our standard of living. Importance of R&D Naman: Research and development is very crucial to find out solution to various problems of mankind and development of human beings. It is R&D with which the man could find solution to various diseases like discovery of penciline and various antibiotics. It is the research only with which we r enjoying various advanced technology It is a continue process, to find specific solution to various new emerging needs of man. 13656286 Components of R&D Rohan: To understand the R&D in depth we have to divide the R&D in to 2 major components:- No. 1 Research and second is development. Further research can be of two types Basic and Applied research Basic research is just to find out the hidden truth of nature, may be in the field of physics, biology, botany, environment. Normally it is undertaken by advanced study centers of universities or corporates. Second is Applied research - it is to find out a solution of a specific problem with the help of already discovered various principles or theories. Making an airplane of 5th generation. Naman: Development is the stage in which we come out of the lab and try to make prototype application of the product , then go for trial in the field and modification and finally making a useful product. R&D In Industry There is always development and growth in industrial products. Few years back we were using CRTs for our computer monitors and TVs, now LED & LCD have taken their place. It is the role of R&D in Industry, we are experiencing a large variety of automobiles on roads as well as a wide range of electronic gadgets. Rohan: After the independence India has put special importance to research activities for development of our industries. We have also established space research centers to explore various space technology like satellite communication. India’s main research centers are 1) CSIR for development of industrial sector 2) ISRO for development of space technology, 3) DRD

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This study focused on 32 top managers in leading hi-tech, knowledge-based organizations in Bangalore, drawn both from corporate as well as academic world. The purpose of this study was to investigate how the CEO’s and Directors of these “knowledge citadels” look at productivity and innovation, in the years and decades to follow. The study was conducted by personally interviewing these corporate heads, seeking their expert opinions and solutions for coping with turbulences and complexities in the knowledge economy. This paper presents the major findings of this survey study, concentrating on managerial implications at both the management level, as well as the organizing level. For instance, we have argued that creating the innovation-led organization may represent a viable solution for coping with the turbulence and complexity of the knowledge economy

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