THE EFFECT OF RESEARCH AND DEVELOPMENT EXPENDITURE ON THE GROWTH OF NIGERIAN BREWERIES PLC

ABSTRACT

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 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 review. 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 interview and questionnaire. The questionnaire is structural as to contain both close and open ended question. Simple tables and percentages was used in 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 significant relationship between  research and development expenditure and return on investment. The research equally discovered that research and development expenditure affects 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 effective growth and development of the organization. The management of Nigerian Breweries Plc should train their staff on research and development to enable them have on maximum return on investment. Government and private institutions should embark on research and development programs for maximum turnover on its expenditure.