Research Article | OPEN ACCESS
Research on a New Approach of R&D Budgeting based on Value Chain
Dan Zhu
Shanghai National Accounting Institute, Shanghai 201702, China
Advance Journal of Food Science and Technology 2014 10:1124-1131
Received: May 09, 2014 | Accepted: June 02, 2014 | Published: October 10, 2014
Abstract
The aim of this study is to introduce value chain and uses stage-gate model, which is widely used in programming, to find a new approach of R&D budgeting based on value chain. The expense of R&D of contemporary enterprises is taking larger and larger part of the whole production cost, so R&D budgeting, as a forward feed management mode, has been paid great attention to. R&D budgeting model is a management system that contains relevant basic concepts, procedures and methods correspondingly. The present model most enterprises are using follows the budgeting method in the field of manufacturing, which is more difficult to adapt to the characteristics of R&D activities, leading to adverse effects on R&D budget slack, as well as low management efficiency. Actually, the process of budgeting is the allocation of scarce resources to organize all kinds of work.
Keywords:
Index system construction, R&D budgeting, state-gate model, value chain,
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Competing interests
The authors have no competing interests.
Open Access Policy
This article is distributed under the terms of the Creative Commons Attribution 4.0 International License (http://creativecommons.org/licenses/by/4.0/), which permits unrestricted use, distribution, and reproduction in any medium, provided you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license, and indicate if changes were made.
Copyright
The authors have no competing interests.
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