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[35] [36] A 2021/2022 survey found that one in every seven enterprises in the Central, Eastern and South Eastern regions (14%) may be classed as active innovators — that is, firms that spent heavily in research and development and developed a new product, process, or service — however this figure is lower than the EU average of 18%. In 2022 ...
The typical category of research and development that exists in many science and technology companies can be led by either post, depending upon which area is the organization's primary focus. A CSO almost always has a pure science background and an advanced degree, whereas a CTO often has a background in engineering or business development.
A product manager (PM) is a professional role that is responsible for the development of products for an organization, known as the practice of product management. Product managers own the product strategy behind a product (physical or digital), specify its functional requirements , and manage feature releases .
The chief research officer (CRO), research officer, or research director is a job title commonly given to the most senior executive in an enterprise responsible for the research that supports enterprise goals. Generally, the CRO reports to the chief executive officer.
New product development (NPD) or product development in business and engineering covers the complete process of launching a new product to the market. Product development also includes the renewal of an existing product and introducing a product into a new market. A central aspect of NPD is product design.
Product managers are responsible for managing a company's product line on a day-to-day basis. As a result, product managers are critical in driving a company's growth, margins, and revenue. They are responsible for the business case, conceptualizing, planning, product development, product marketing, and delivering products to their target ...
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