FINM074 Accounting and Finance
Role of Research & Development Director
The director of research and development is mainly responsible for the proper development and planning of the R&D work and has implications for conducting the entire work of R&D in an appropriate way. Based on the research work of Zhang et al. (2019), the proper analysis of the planning for the research and development has been conducted by its director that has proper control over the company work operation. R&D planning for the company cluster has been effectively analyzed and created an impact on effectively maintaining competitive innovation in the company. The R&D department has the role of deploy research staff in order to create technologies and to deploy in them. Our current speed of work is around 18% and it is projected that it will increase by 25% in the upcoming time. The attribute Comfort has the current progress of 36% and is projected of 46% in the coming time. There are one employee and no contractors and the employee has the morale of 97% and an effective hour of 424 [Refer to appendix 1]. The evaluation of the entire work based on the valuation of the competitive analysis and preparation of the portfolio is effectively done by the R&D director. Proper management of the research partnership has also been done by the “R&D director” as they have the authority to evaluate the effectiveness of taking the research partnership with the other. The valuation of measuring the organizational performance has been effectively done under the use of R&D and creates an impact over the planning and controlling. I have effectively maintained these roles and responsibilities as a Director of the R&D and made effect over evaluation benefit of having the research partnership with the company. The valuation of conducting and managing the required role for the R&D has been critically implied as it has effectively maintained the “strategic direction” of the company as well.
I have properly maintained an understanding of each aspect that is related to the required strategic direction that helps in achieving the sales objective of the company in an appropriate way. The use of the required changes in the sales value has been maintained as the sales position in the R&D development has shown as 383 and has the required valuation in an effective way and creates an effect on the overall factor that helps in increasing the sales in an appropriate way. As per the reference of Zahra et al. (2019), the valuation of the relatable aspect has effectively created an impact in terms of managing the role of the director in an appropriate way. The efficiency of the R&D has been properly analyzed which creates an impact on overall efficiency which is 83%. The evaluated efficiency of the R&D has shown the proper value as the overall work of the R&D has effective work and makes the strategic operational work for the company in an appropriate way. I have analyzed all the factors in terms of planning and control to effectively manage operational performance in an appropriate way.
Reference
server.simventure.co.uk (2023) Sim Venture information available at: https://server.simventure.co.uk/SimVenture/Evolution?gameid=301432#randd.ProductTechnology [Accessed on 17th January 2023]
Zahra, M., Hameed, W.U., Fiaz, M. and Basheer, M.F., 2019. Information technology capability a tool to expedite higher organizational performance. UCP Management Review (UCPMR), 3(1), pp.94-112.
Zhang, Y., Khan, U., Lee, S. and Salik, M., 2019. The influence of management innovation and technological innovation on organization performance. A mediating role of sustainability. Sustainability, 11(2), p.495.
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