A Research On R & D Budget Management For High-tech Enterprises In Uncertain Environments

The 21st century is an era characterized by knowledge economy. The rapid development of science and technology is a distinctive feature of the 21st century, it plays a very important role in the sustained economic growth. And the innovation capability can help an enterprise to improve its competitiveness. In recent years, our expenditure in science and technology and the number of people engaged in scientific research increased significantly, along with this upward trend, knowledge-intensive and high-tech industries also flourished in our country. Economic globalization and knowledge economy has brought opportunities to the enterprise, such as the exchange of human, financial, material and knowledge became more and more convenient, but it also makes the living environment of high-tech enterprises more complex and uncertain, such as market competition become more intense and brutal, economic cycle is shortened, companies have to face such greatly increased uncertainty, particularly since 2008, the global economic crisis make this uncertainty more prominent. In this changing and uncertain situation, high-tech enterprises are facing enormous pressures and challenges, innovation and R&D can help high-tech enterprises to maintain competitive advantage, survive and develop. Because R&D activities are closely related to risks and uncertainties, it’s very important to know how to make R&D activities actively adapt to changeable environment and reduce the adverse impact of uncertainty as much as possible.High-tech R&D budget is an important part of R&D management, it can promote the efficiency of R&D activities. The traditional R&D budget management cannot agree with the features of R&D activities and satisfy the demands of the changing R&D environment. The functions of planning and collocating of R&D budget are lost gradually, thereby, it’s eager to establish a dynamic and flexible R&D budget management model for the high-tech enterprises in the uncertain environment to improve the effectiveness of high-tech R & D budget and promote the progress of R & D activities.This paper mainly includes five parts:The first part is chapter 1, it’s an introduction of this paper.The second part includes Chapter 2 and Chapter 3, it’s the foundation of establishing a high-tech R&D budget management under the uncertain environment. In chapter 2,I choose high-tech R&D activities under the uncertain environment as the research object at first, and then I briefly analysis some important theories which relate to high-tech enterprise R&D activities and R&D budget management, specifically including the life cycle theory, strategic management theory, dynamic capability theory and competitive advantage theory. In chapter 3, I detailedly analyze the uncertain environment of high-tech enterprises R&D budget, according to the analysis of uncertainty in the environmental I decided to establish the R&D budget management under the uncertain environment from three problems: complete systems, dynamic process and the implementation of the model with the required operational foundation.The third part contains Chapter 4 and Chapter 5, this part is the core of this paper. It’s based on the analysis of previous chapters, and specifically introduced the high-tech enterprises R&D budget management under the uncertain environment. The chapter 4 contains R&D budget objectives and targets system and budget planning; the chapter 5 includes budgetary control, analysis of variance, budget adjustment and performance evaluation of budget.The fourth part is Chapter 6, it’s a supplement of the third part of. In this part, I mainly described the operational foundation of the mode which I introduced before.The fifth part is a summary of this paper and some prospects.The main contribution of this paper is as below. Firstly, high-tech R&D budget management which is based on the characteristics of their environment and R&D activities, can improve the level of budget management. Secondly, fully taken into account the uncertainty of the environment, thus can e the enterprise positively face and deal with changes and uncertainty. Thirdly, the mode is established on the comprehensive analysis of the characteristics of R&D activities, it can promote the resource allocation of R&D activities in the process. Fourthly, starting from the analysis of the uncertain environment to study the high-tech R&D budget can provide a new perspective for such studies. Fifthly, this paper is not only a summary and conclusion, but also a sublimation and innovation, it can enriched the connotation of R & D budget, and also have some reference value for the further related studies.In consideration of the limited of my theory accumulation and the lack of practical experience in budget management, some views of this paper may be insufficiency, and need to be revised and improved.