Competing Internationally for Development - myassignmenthelp

Question: Discuss about theCompeting Internationally for Research and Development. Answer: Research and development to increase competitiveness The countries use exports to accumulate wealth and increase employment opportunities. However, employing research and development (RD) and innovation export can accelerate productivity to improve on export. The paper establishes positive relationship between RD and export in Belgium; the authors found out that firms engaging in RD are able to stimulate productivity growth and export. This is because RD lead to innovation for firms to create new products or develop new product to gain competitive advantage and thus compete effectively in international market (Czarnitzki and Wastyn, (2010). Research and development is also important factor for innovativeness in organization to enhance competition among firms in a given industry. According to Czarnitzki and Wastyn, (2010), RD is critical for stimulating exports to improve economy of countries. In their study, they found out that subsidy on RD help both domestic and multinational companies to increase their sales in international market. This is due to improved quality of products that can favorably compete in the international market. The research and development can be applied to real life situation at personal level and businesswise. I personally look forward to developing skills relating to my profession. One can engage in research at personal level by seeking opportunities to help in developing skills and knowledge. The real life application of RD for increasing competitiveness is through self-assessment on strengths and weaknesses. The skills can then be improved through training, pursuing further education or attending seminars and conferences. The current competitive environment has forced organizations to invest in research and development to continually help employees attain their full potential (Porter Kramer, 2002). In order to increase employee engagement, the managers are inspiring workers to develop qualities such as building teamwork, accountability, creativity, intrinsic motivation and being assertive (De Vries, 2001). This helps in creating a pool of highly skilled and motivated employees in an organization that enhances overall productivity and efficiency. Another second real life application of RD is assessing customers needs about product and service. Through market research, entrepreneurs are able to gain in-depth information about customers preferences, needs and perception to initiate customer-focus activities to enhance customer satisfaction and retention. There are immense problems facing humanity including food insecurity, pollution, emerging diseases and psychological problems. Research and development help researchers to develop approaches to stop spread and effects of diseases like cancer, HIV/AIDS and lifestyle diseases among others. It also helps policy makers to institute measures to manage climate change that has greatly contributed to global warming and threat to biodiversity. Currently, science is trying to solve food shortage by engaging in research to develop transgenic crops with advantageous traits including resistance to pest, diseases and drought (Schmidhuber Tubiello, 2007). It can therefore be concluded that research and development has great contribution towards solving major human problems. This is because it helps in developing new products and process or modify existing products. It is important to note that motivation of employees help in enhancing their creativity and innovativeness. It is also recommended that financial assistance and investment on research can greatly push growth of industries to solve unemployment. References Czarnitzki, D., Wastyn, A. (2010). Competing internationally: on the importance of RD for export activity. Porter, M. E., Kramer, M. R. (2002). The competitive advantage of corporate philanthropy. Harvard business review, 80(12), 56-68. De Vries, M. F. K. (2001). Creating authentizotic organizations: Well-functioning individuals in vibrant companies. Human Relations, 54(1), 101-111. Schmidhuber, J., Tubiello, F. N. (2007). Global food security under climate change. Proceedings of the National Academy of Sciences, 104(50), 19703-19708.