COMPLETE SCHOOL PROJECT TOPICS & MATERIALS :
CHAPTERS: Chapter 1-5
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ABSTRACT
In this research work titled “the effect of research and development expenditure on the growth of Nigerian Breweries Plc,” the researcher identified the effect of research and development expenditure on the growth of an organization. The relationship existing between research and development expenditure and return on investment. The researcher equally determined how research and development expenditure affects the turnover of organizations. Data for the study was sourced from two main sources which include Primary and Secondary sources of data collection. Primary data: questionnaires and oral interviews were used to collect information from the respondents. Secondary data: journals and other relevant materials relating to the area of my investigation will be reviewed. An extensive literature review was carried out on the direct literature and indirect literature on books, journals, and past works. The research instrument used in this study includes oral interviews and questionnaires. The questionnaire is structured to contain both close and open-ended questions. Simple tables and percentages were used in the treatment of data. The researcher found out that Research and development expenditure affects the growth of an organization. It was also discovered that there is a significant relationship between research and development expenditure and return on investment. The research equally discovered that research and development expenditure affects the turnover of an organization positively. Based on the findings the researcher recommends that The management of Nigerian Breweries Plc should invest more research and development for the effective growth and development of the organization. The management of Nigerian Breweries Plc should train their staff on research and development to enable them to have maximum return on investment. Government and private institutions should embark on research and development programs for a maximum turnover on its expenditure.
CHAPTER ONE
INTRODUCTION
1.1 BACKGROUND OF THE STUDY
Nigeria Breweries Plc, a pioneer and public company quoted on the Nigeria stock exchange was incorporated on the 6th of November 1946 under the Nigerian breweries Limited. The name was changed on the 7th of January 1957 to Nigerian Breweries Limited and thereafter to Nigeria Breweries Plc in 1990 when the companies and allied matters act of the year came into effect. The company is a subsidiary of Heineken N.V of the Netherland which holds a 54.09% interest in the equity of Nigerian Breweries Plc.
Its research and development expenditure on research activities, undertaken with the prospect of gaining. new scientific and technical knowledge and understanding are recognized in profit or loss as incurred.
Research activities in Nigeria Breweries involve a plan or design used by the industry to improve its manufacturing process. Research and development is a process by which innovations are’ designed to – enhance the industry’s agricultural and-raw materials.
Nigeria Breweries plc, being a brewery industry its a major source of raw material, water, and sorghum. Sorghum is a genus of grasses, with about 30 species, one of which are raised for grain and many of which are used as fodder plants, either cultivated or as part of the pasture. The plants are cultivated in warm climates worldwide. These sorghum include corn, wheat, cassava.
The effect of research, on the productivity ‘of the company’s product involved in activities aimed at the development of new sorghum hybrids with the potential of increasing the quality of malt produced and yield/output for the sorghum growers. The activities include the evaluation of available raw sorghum varieties to identify the peculiarities of the seeds and their impact on malt production. These will help stimulate the sorghum industry and define a sustainable malting process that will guaranty the production of high-quality sorghum malt that will consistently meet all specifications for beverage making in our breweries. The company also has a subsisting consultancy agreement with a Nigerian professor on the development of sorghum seeds.
Development activities are designed for the production of new or substantially improved products and processes. Development expenditure is capitalized only if development costs can be measured reliably the product or process is technically and commercially feasible, future economic benefits are probable and the company intends to have sufficient resources to complete development and to use or sell the asset. The expenditure capitalized includes the cost of material, direct labor, overhead costs that are directly attributable to preparing the assets for its intended use, and borrowing cost on qualifying assets for which the commencement date for capitalization is on or after 1st January.
Another development expenditure is recognized in profit and loss as incurred. Capitalized development expenditure is measured at cost less accumulated moralization and accumulated impairment losses.
The effect of research and development expenditure has improved the agricultural and rain materials of breweries the available raw sorghum to identify a peculiar seed to enhance the malt production.
The research aims to increase the quality of malt productivity and stimulate the industry by defining a sustainable malting process to improve the company’s profitability and enhance economic growth. Through this research and development expenditure, the company strategies use its productivity by using wheat as its source of raw material in its malting process.
The use of wheat in the production process has reduced the cost of production for the firm and added a great advantage to its profitability ad turnover. The means of production helps the industry to maintain its stand as a world-class brewery industry.
1.2STATEMENT OF THE PROBLEMS
Nigerian Breweries Plc, a pioneer company, and a world-class brewery industry undergo several challenges to kill maintain its stand as a world-class brewery industry. These challenges stand as a problem facing the industry and ‘most manufacturing industries in the country.
- Problem of research techniques and production- process.
- Its agricultural and raw material development process.
- The site of the industry should be built since water is the firm’s major source of production.
- Cost of production and profitability measure.
- Marketing strategies, to meet up with its market demand and productivity.
1.3OBJECTIVES OF THE STUDY
This research work aims at examining the issues involve in the effect of research and development expenditure in Nigerian Breweries. The following are the specific objectives of the study:
1.To examine the effect of research and development expenditure on Nigerian Breweries PLC growth?
2.To assess how research and development expenditure obtained enhances the introduction of the newly related products to Nigerian Breweries?
3.To examine the effect of research and development expenditure towards the success or failure of Nigerian Breweries?
4.To assess how the researcher will be encouraged if there will be more effect of research and development expenditure in Nigerian Breweries?
1.4 RESEARCH QUESTIONS
This study is designed to answer the following questions:
1.What effect does research and development expenditure have on on Nigerian Breweries PLC growth?
2.to what extent are the research and development expenditure obtained enhances the introduction of the newly related products to Nigerian Breweries?
3.what is the effect of research and development expenditure towards the success or failure of Nigerian Breweries?
4.To what extent will be the researcher be encouraged if there will be more effect of research and development expenditure in Nigerian Breweries?