Research and Development (R&D) is a key driver of innovation and sustainability within a business. However, establishing an R&D department can be a difficult and time-consuming process that requires a lot of resources. Hence, it is of utmost importance for a business that plans to establish an R&D department, to have previously formed an implementation plan that aligns with its corporate goals and eliminates risks.
Such an implementation plan is depicted in the table below. This plan has been successfully applied in a number of companies under the guidance of Seven Sigma consultants and the results far exceeded expectations.
9 simple steps
Bear in mind that this roadmap should be properly adjusted based on the company, the industry, the business needs and the resources available in order to remain successful in the long-run.
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