What Does STRATRAD Stand For?

STRATRAD stands for Strategic Management Of Research And Development

STRATRAD, or Strategic Management Of Research And Development, refers to a systematic approach that integrates research and development efforts with an organization's overarching strategic goals. This framework emphasizes the alignment of R&D initiatives with market needs and business objectives, ensuring optimal resource allocation, risk management, and innovation outcomes. By fostering collaboration between cross-functional teams, STRATRAD facilitates informed decision-making and enhances the organization's competitive edge in a dynamic environment.