Research, R & D Budget Model Based On The Value Chain Enterprise Groups

R&D activities are particularly important for sustainable development of enterprise groups. However, enterprise groups are lax with R&D budget management and methods for R&D budgeting are not scientific at present, and as a result, R&D resources of enterprise groups are of low utilization efficiency. So far domestic researches on R&D budget management remain concerning single-size enterprises, lack of concern about enterprise groups. Research on R&D budget management of an enterprise group should be strengthened.Based on previous researches, the theory of value chain is introduced to R&D budget management of an enterprise group. First, research background and theories related to value chain and R&D budget management of an enterprise group are introduced, and then the contents, basic characteristics and foundations of R&D budget model of an enterprise group based on value chain are present. Through connecting R&D budget system of an enterprise group with strategy of an enterprise group, and combining R&D budget system of an enterprise group with R&D value chain of an enterprise group, R&D budget model of an enterprise group based on value chain is constructed, and then the thought way to applying the model is described. In addition to the above, BY Group is selected as an example to study the process and results of applying the model in an actual enterprise group.