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R&D
Research and development (R&D), also known in Europe as research and technical (or technological) development (RTD), is a general term for activities related to the enterprise of corporate or governmental innovation. The activities that are classified as R&D differ from company to company, but there are two primary models, with an R&D department being either…
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Open Innovation
Open innovation is a term promoted by Henry Chesbrough, adjunct professor, and faculty director of the Center for Open Innovation at the Haas School of Business at the University of California, in a book of the same name, though the idea and discussion about some consequences (especially the interfirm cooperation in R&D) date as far…
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research
Research comprises “creative work undertaken on a systematic basis in order to increase the stock of knowledge, including knowledge of humans, culture, and society, and the use of this stock of knowledge to devise new applications.” It is used to establish or confirm facts, reaffirm the results of previous work, solve new or existing problems,…
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quantitative
In natural sciences and social sciences, quantitative research is the systematic empirical investigation of observable phenomena via statistical, mathematical, or computational techniques. The objective of quantitative research is to develop and employ mathematical models, theories, and/or hypotheses pertaining to phenomena. The process of measurement is central to quantitative research because it provides the fundamental connection…
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experience
Experience is the knowledge or mastery of an event or subject gained through involvement in or exposure to it. Terms in philosophy, such as “empirical knowledge” or “a posteriori knowledge,” are used to refer to knowledge based on experience. A person with considerable experience in a specific field can gain a reputation as an expert.…
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ROI
Return on investment (ROI) is the benefit to the investor resulting from an investment of some resource. A high ROI means the investment gains compare favorably to investment cost. As a performance measure, ROI is used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. In…
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strategy
Strategy (from Greek στρατηγία stratēgia, “art of troop leader; office of general, command, generalship”) is a high-level plan to achieve one or more goals under conditions of uncertainty. In the sense of the “art of the general”, which included several subsets of skills including “tactics”, siegecraft, logistics, etc., the term came into use in the…