Budget Proposal for Research and Development Department

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  • Topic: Research and development, Innovation, Coconut
  • Pages : 3 (422 words )
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  • Published : May 7, 2013
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GOOD LIFE MANUFACTURING CORPORATION

RESEARCH AND DEVELOPMENT DEPARTMENT
BUDGET PROPOSAL

RESEARCH AND DEVELOPMENT

HIGHLIGHTS OF THE R & D BUDGET:

This budget proposal will enable the R & D to properly function specifically in researching new products, continuously provide product development without compromising the product’s quality, keeping the corporation up to date with product’s recent trend, and promote innovation and diversification. This will support the Corporation’s vision of becoming the world class leader in beverage industry by providing a healthy and natural drink through innovative technology within the consumers gain.

EXECUTIVE SUMMARY:

The department’s budget this year has been prepared with the objective of steering the Corporation on a course to improve profitability and increase capital. In this regard, specific objectives have been set for the twelve months period. The aim of R & D this year is to focus on the product itself and at the same time, conduct research in order to propose for more coco drink variants that will support and enhance Coco Water Drink as the main product. With the view of establishing the strategies necessary to accomplish these objectives. Targets for the various products and various expenses were then set aiming to ensure desired results are achieved.

OBJECTIVES FOR THE CURRENT PERIOD:

The main objective is to develop other coconut water drink variances without losing its original content.

RESEARCH AND DEVELOPMENT DEPARMENT
OBJECTIVE AND BUDGET SUMMARY
TITLE: COCO VARIANTS DEVELOPMENT DATE: MAY 3, 2013
BUDGET PERIOD: JANUARY 1, 2013 TO: DECEMBER 31, 2013
LEADER: ESCARLET CONDE

OBJECTIVES:
* To evaluate variant flavors and content for Coconut Water Drink. * To simplify current flavor formulations without the loss of favorable subjective response. * To study the precursors of flavors.

* To analyze and evaluate...
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