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The R&D management is one of the strategic functions to be performed at an organizational level as well as at the national level. It focuses on designing and leading the R&D processes in an organization and ensuring that the new knowledge and technology is transferred smoothly to other departments involved in innovation. This book contributes for the integration of the R&D function to the concerns of society, nation, industry, organization as well as leaders within the organizations. It covers the management aspects and visions of the R&D management and provides information on the major functions of R&D such as production, HR, marketing and finance. These functions are basically needed to attract, develop and retain the scientific manpower. It elaborates the human strategic prospective of an organisation further. It also suggests various types of practices to perform the required roles to achieve the objective of an organisation and analyses the R&D contributions to technology, innovation and science for the better productivity of the organization. It includes some of the challenges of developing countries and the R&D management in global perspective.