No one denies that research and development (R&D) activities are very beneficial to
the national economy of any country at both the micro as well as at the macro level.
Any productive enterprise; being industrial, service or business oriented, will definitely
need R&D activities to improve quality, enhance productivity, reduce cost, introduce
new products, conserve resources, or any combination thereof. These activities will
guarantee that the enterprise involved in R&D will prosper, grow, and sustain its
market position and increase profits. Naturally someone may argue that he/she does
not need R&D. This simply means that he/she is "committing suicide" in business
terminology, or more nicely put will eventually go out of business.