CA IPCC FORMATION OF FUNCTIONAL STRATEGY By RobomatePlus

Research and Development in this particular Module. These people or this personnel can

play an integral part in strategy implementation. These individuals are generally charged

with developing new products and improving old products. Companies in virtually every

industry are relying on the development of new products and services to fuel profitability

and growth. Surveys suggest that the most successful organisation use R & D strategy that

ties external opportunities to internal strengths. You will be shocked to hear Volkswagen

has spent 12 billion dollars in a year, right, on R &D. 12 billion Dollars in a year.

R & D policies can enhance strategic implementation efforts to emphasize product

improvements, stress basic or applied research, be leaders or followers in R & D, spend a

high, average or low amount on R & D. So even Samsung people spend a good amount of

money on Research and Development. The decisions on whether to acquire R & D expertise

internally depends on the following, technical progress slow plus market growth moderate

equals to in house R & D. TechnicalHuman Resource

Management Strategy, very, very important for all the organisations. Now HR resource

strategy of business should reflect and support the corporate strategy. An effective human

resource strategy includes the way in which the organisation plans to develop its employees

and provide them suitable opportunities and better working conditions so that their optimal

contribution is ensured. This implies select best personnel, motivating and rewarding the

employees for performance, etc. HRM, it may be defined as the linking at HR Management

with strategic goals and objectives to improve business performance and develop

organisational culture that fosters innovation and flexibility. The success of an organisation

depends on its HR. This means how they are acquired, developed, motivated and retained

in an organisation play an important role in organisation success. And that is the reason

Google is ranked number 1 company to work for.

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