Concept information
social science subjects
business and management
international business
economics of international business
...
business and management
entrepreneurship
new venture management
entrepreneurship financing and economic development
Preferred term
research and development
Definition
- Research and development (R&D) refers to the process of discovering new knowledge about natural and social reality. It is usually related to the application of such knowledge to create new and improved products, processes, and services that fill market needs or improve efficiency and profitability of a production process. [Source: Encyclopedia of Governance; Research and Development]
Broader concept
Belongs to group
URI
https://concepts.sagepub.com/social-science/concept/research_and_development
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