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Abstract Research and development (RandD) charts out a framework through which professionals can establish useful linkage with information and research resources to put knowledge into practice. Whilst, the research and development (RandD) centers play a core role in productive management by developing collaborations among higher education institutions, modern research centers and industry. The present study aimed to analyze how much the research and development (RandD) centers are active in managing research and development practices to thrive research culture at public sector universities in Pakistan. The study was descriptive in nature and a questionnaire was used as a research tool which was finalized after its pilot testing.
After validation of questionnaire, researchers personally visited and involved some learned people to collect data from 23 selected universities of Pakistan. Thirty respondents from each university were randomly selected as a sample. Keeping the views of majority of the respondents in mind, it may be concluded that research and development (RandD) centers are showing low efficiency while endorsing product management at public sector universities of Pakistan. The big and basic reason behind this poor product management of research and development (RandD) centers is the lack of industrial setup and modern research centers.
Keywords: Research and development, product management, advancement, innovations.
Introduction The term research and development (RandD) is comprised two components one is research and other is development (OECD, 2002). Amongst these two components, research is an experimental or theoretical work undertaken primarily to acquire new knowledge of the underlying foundation of phenomena and observable facts. It is a systematic and objective process of obtaining, recording, and analyzing data for decision making. It is a careful study or investigation of existing facts in order to discover new realities. In Bako's (2005) opinion, research is a systematic inquiry whose objective is to provide information to solve problems. As far as the development is concerned, it is a systematic work drawn from the existing knowledge and practical experiences for producing new materials, products or devices. Development is exploited to install new processes and services. Additionally, it is employed to improve the outdated systems.
The research has a logical relationship with development because the research explores the best data collection methods for achieving meaningful results, identifies any limitation associated with data collection,...