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Research and Development (R&D) can play an important part in strategy implementation. Analyze with appropriate examples the three (3) approaches of R&D. (15 marks) Approaches

Research and Development (R&D) can play an important part in strategy implementation. Analyze with appropriate examples the three (3) approaches of R&D. (15 marks)
Approaches 1) First firm to market new technological
Approaches 2) Innovative imitator of successful product
Approaches 3) Low-cost producer of similar but less expensive product.

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