MS-58 Solved Assignment

Old Samples – Ignou MS-58 Solved Assignment

Q. What does the ‘creative process’ mean? Describe and comment upon the elements of the creative process. It is necessary that the stages in the creative process should occur in a certain order?
Answer. Creativity does not just happen. It is a cognitive process that produces new ideas or transforms old ideas into updated concepts. The creative process is a system whose input is the solution to a problem. The input to the creative system is not very well defined but has some common characteristics. Invariably, these inputs are multidisciplinary…..
This is the phase that most people mess up the most with distractions and the hustle and bustle of daily lives. Modern life, with its many beeps, buzzes, and distractions, has the strong tendency to grab the attention of both our subconscious and our unconscious mind, and as result, the creative process stops and is instead replaced by more immediate concerns……
The creative process is not linear and is not consistent with an iterative process in which a hypothesis is formulated, mentally tested, then accepted as a possibility or rejected as improbable. It is not necessary that the stages in the creative process should occur in a certain order…….

Q. Discuss the rationale of partnership in innovation and R & D. “The need for partnership for innovation was never felt more than as it is today”. Examine the statement. Why is the need for partnership in innovation felt more strongly today?

Answer. Partnerships in innovation and R&D are expected to have an impact on the long term product-market combinations of the companies involved. R&D partnerships can be divided into two categories, i.e. contractual partnerships, such as joint R&D pacts and joint development agreements, and equity based partnerships, such as joint ventures…….
The need for partnership for innovation was never felt more than as it is today because of the globalized economy and increasing competition. The average business spends less than 5 percent of its revenue on research and development……
By pooling resources like funding and special knowledge, members of R&D partnerships often produce results faster together than they could alone. This means that, through their collaboration, R&D partnerships can accelerate the creation phase and bring potential new products or systems to market faster…….
If this is of importance, members should look into potential R&D tax credits before investing……

Q. Is India industry giving emphasis to technology development? Discuss. Is Government in your view providing sufficient financial support measures for technology development in India?

Answer. India ranks third among the most attractive investment destinations for technology transactions in the world. Modern India has had a strong focus on science and technology, realising that it is a key element of economic growth…..
The Government has an important role to play in financing technology development in industry, The need is acute as most of the industrial units are unable to invest requisite amounts in …..
It also addresses the "rigidities" in centrally developed plans for investment and assures a flexible approach that allows fine tuning of the government's five-year plans in response to rapidly changing science and technology, and it addresses the challenge of outdated procedures adopted for funds disbursement for innovative projects……
Sources the procedures for accessing such funding are often complex, cumbersome, lengthy, and bureaucratic, in other words, not conducive to innovation and entrepreneurship. Moreover, despite these difficult and lengthy procedures, the system seeks immediate returns. However, the returns from innovation are often uncertain, late, or not quantifiable immediately……