why there is need to allocate resources for development and research to produce more competitive ly?
Answers
Answer:
Explanation:
A competitive market, the economy, and all kinds of other hidden factors may also complicate resource allocation. Too little work in your team’s project pipeline is also an issue that resource leveling can help. Team members not fully dedicated to a billable project can be shifted to a range of other tasks
Businesses conduct R&D for many reasons, the first and foremost being new product research and development. Before any new product is released into the marketplace, it goes through significant research and development phases, which include a product's market opportunity, cost, and production timeline.
An offshoot of R&D, product development can refer to the entire product life cycle, from conception to sale to renovation to retirement. Firms gain a competitive advantage by performing in some way that their rivals cannot easily replicate.
The downsizings, acquisitions and other economic issues of previous years have made “do more with less” a mantra across companies big and small. The appropriate use of managing resources lets project managers schedule staff across different projects based on project priorities. Nobody ever complains about having just enough work.