Why I consider the budget allocated for R&D in machine design important. 5 points

Question

Accepted Answer

*** Innovations made during R&D process can be protected by patents or other intellectual property rights, which can prevent competitors from copying them.
*** Investing in R&D can help you develop the skills of your employees and your business, contributing to the long-term success of your business.
*** Investing in R&D can increase the quality and durability of machines, leading to higher customer satisfaction and repeat customers..
*** R&D can help the business to gain a permanent competitive advantage..
*** The budget allocated for R&D can be recouped in the future by designing more innovative and efficient machines..