Also referred to as:
SVP of Product Research & Development, SVP of R & D, SVP of Research, Development, and Innovation
Requirements and Responsibilities
SVP of Research & Development plans and oversees an organization's research and development policies, objectives, and initiatives. Leads research efforts to identify new technologies and other scientific concepts that can be used to improve current product offerings or create new products and services. Being an SVP of Research & Development evaluates and recommends ideas for new products that may enhance the organization's competitive position and achieve growth in revenue and/or market share. Researches and adopts new technologies that improve and expand the organization's capabilities, processes, or products. Additionally, SVP of Research & Development may require a master's degree. Typically reports to senior management. The SVP of Research & Development manages a business unit, division, or corporate function with major organizational impact. Establishes/implements overall direction and strategic initiatives for the given major function or line of business. To be an SVP of Research & Development typically requires 10+ years of progressive leadership experience. Has extensive knowledge of the overall departmental function.
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