Coca Cola Company

Coca Cola Company

I am familiar with Coca Cola Company . Research and development enables management to properly analyse the projects they intend to invest in. Clear assessments and evaluation enables proper budgeting which ensures reduced costs in terms of production, marketing and distribution. It gives management a better understanding of the markets they deal with. They are also able to identify their competitors and the strategies they use in their operations. It enables management to put an allowance in the budget for accommodating changes likely to occur in the future. Therefore the budget will be flexible and more convenient. The level is sufficient in that research and development does not take much of the firm finances. The company is able to strategize and know which department to allocate funds so that there will be no overspending and extravagance in any activities undertaken. The organization allocates 9% to research and development to give room for competitive differentiation and efficiency improvement.

The percentage is variable as some industries do not have many competitors to worry about or the competitors in the market may already be established and all they have to do is monitor and emulate their strategies. Expenses in the Coca Cola Company are handled sufficiently. They have analysts who ensure accuracy, timeliness, review, approval, posting and payment of expenses in the company. Therefore, all the records are complete and well kept. The finance and accounts department handles all revenue and expenses so that the budgetary goals can be achieved. They monitor and review the expenses to evaluate performance and minimize costs. The human resource initiates training programs for the employees on organisational resource management for production maximization which in turn leads to achievement of budgetary and organisational goals.

Place this order or similar order and get an amazing discount. USE Discount code “GWEXDDSRGCF10” for 10% discount