A company's research and development department plays an integral role in the life cycle of a product. While the department usually is separate from sales, production and other divisions, the ...

Developing a new product for your small business requires you to spend money on research, design and other related costs. Under generally accepted accounting principles, or GAAP, a business must ...

Chemists involved in research and development apply their academic knowledge to real-world problems. They develop products that meet a specific need, while factoring in business considerations. If you ...

Sean Ross is a strategic adviser at 1031x.com, Investopedia contributor, and the founder and manager of Free Lances Ltd. Jared Ecker is a researcher and fact-checker. He possesses over a decade of ...

The overall process of strategy, organization, concept generation, product and marketing plan creation and evaluation, and commercialization of a new product Innovative new products are the fuel for ...

Outsourcing your product development requires various considerations, including requirement analysis, selecting the suitable cooperation model, hiring an agency or freelancer and avoiding a few ...

Ryan Gray is co-founder and CEO of SGW Designworks, a full-service product development and engineering firm featured in The Lean Startup. In all things worth pursuing, there exists the ever-present ...

Data-driven decision-making (DDDM) is just a fancy term for making intelligent decisions based on what your data is telling you. Modern market research combines DDDM with advanced technology to ...

Troy Segal is an editor and writer. She has 20+ years of experience covering personal finance, wealth management, and business news. Dr. Ramos works with leadership teams to hire talent that aligns ...

We just finished the biggest shopping season of the year from Thanksgiving to Christmas. A lot of people were making a lot of decisions about where to spend their hard-earned money -- mostly for the ...

Research and development (R&D) is a process intended to create new or improved technology that can provide a competitive advantage at the business, industry, or national level. While the rewards can ...