Research covers a wide range of topics and fields including engineering, business, education and applied sciences. Many private individuals or organisations undertake research to help improve the industry they are involved in or come up with a new product in the market. Furthermore, commercialisation of researches is done to create economic and social impact.
Budget allocation is a vital consideration when conducting a research study. The actual research may cost much, but the process doesn't end there. Research Commercialisation may also be done afterwards to develop new products or systems of the particular market.
How Research Makes The World Go Round
Research is an effective means to improve the status of an existing knowledge or system. In the field of health care, for example, research commercialisation is needed after a successful study. This can pave the way to new treatments and methods, especially if the clinical study has followed the principles of Good Clinical Practice (GCP). This is needed by health care providers and medical experts who aim to provide breakthroughs in treatment of various illnesses.
Business marketing is another field that can gain significantly from a good research. Huge companies often have their own research department or allocate some budget to outsource services from a research institution. This way, they would know the right ways on how to improve their business. For instance, a benchmark study allows business owners to assess the performance of their company compared to their competitors.
Creating New Products, Standards Through Research
Research has paved the way for several developed countries around the globe like Singapore, which spent US$6.3 billion in its R&D in 2011. This is important to advance the health care system in Singapore. Additionally, researchers have to obtain Good Clinical Practice in Singapore to make their work credible as well as to protect humans who will undergo trials and tests.
No matter how good a research is, it is still no-good if it won't serve a purpose. That is why researchers ensure that research commercialisation is undertaken after completing the research study to use it for the crafting of new products or improvement of services. With this, the research is patented and won't be available for access of the general public.
Budget allocation is a vital consideration when conducting a research study. The actual research may cost much, but the process doesn't end there. Research Commercialisation may also be done afterwards to develop new products or systems of the particular market.
How Research Makes The World Go Round
Research is an effective means to improve the status of an existing knowledge or system. In the field of health care, for example, research commercialisation is needed after a successful study. This can pave the way to new treatments and methods, especially if the clinical study has followed the principles of Good Clinical Practice (GCP). This is needed by health care providers and medical experts who aim to provide breakthroughs in treatment of various illnesses.
Business marketing is another field that can gain significantly from a good research. Huge companies often have their own research department or allocate some budget to outsource services from a research institution. This way, they would know the right ways on how to improve their business. For instance, a benchmark study allows business owners to assess the performance of their company compared to their competitors.
Creating New Products, Standards Through Research
Research has paved the way for several developed countries around the globe like Singapore, which spent US$6.3 billion in its R&D in 2011. This is important to advance the health care system in Singapore. Additionally, researchers have to obtain Good Clinical Practice in Singapore to make their work credible as well as to protect humans who will undergo trials and tests.
No matter how good a research is, it is still no-good if it won't serve a purpose. That is why researchers ensure that research commercialisation is undertaken after completing the research study to use it for the crafting of new products or improvement of services. With this, the research is patented and won't be available for access of the general public.
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