Many small and mid-sized businesses may outsource their R&D efforts because they don't have the right staff in-house to meet their needs. R&D isn't just about creating new products, as it can be used to strengthen an existing product or service with additional features.
A simple example of organization embedded processes that are not fit for purpose and luck of feedback loop from lesson learned structure. This can be a simple evaluation report at the end of the project written by the project team.
The difference between the audit and feedback loop is that we have a mechanism that will ensure it will be implemented into the next project delivery. Often this can be hindered by commensal and political constraints. Therefore, the external party can conduct impartial input delivering realistic reflection. The outcome may lead to further research and improvement of new products or services. This simple example applies to many businesses and a broad spectrum of organizations.
The technical feasibility determines whether the technology fits the purpose. Economic feasibility should assess financial viability, such as cost benefits. Legal: Your project meets legal requirements, such as the law. Operational: planning, strategy goals, resource, business objective
If you want to learn more about feasibility studied and Research and Development activities, reach out to discuss further.
I like this, but spell & grammar check paragraphs 2 and 3.