Collaborative Research and Development Management as Strategy for Industrial Growth and Development

Abstract

This paper focused on Research and development as the foundation for any technological, social and economic development. The gaps between varying levels of development in advanced and developed countries can be explained by the amount of investments made in Research and Development. The components of Research and development were explained in this paper as critical to national development. An integrated model of Research and Development was presented and ways of implementing the model explained. This paper calls for a shift in African governments' focus to investments in Technological and other research and development projects for the development of the continent in order to be effectively relevant in the 21st century. Based on vision 2020proposed by Nigerian government, Nigeria is used as a model in fashioning out the required collaborative efforts to put in place a well designed research and Development Corporation that will be a channel for effective implementation of the research and development management.