Pre-Emptive Budgetary Process: An Antidote for Profitability

In manufacturing companies, the relevancy of pre-emptive budgetary process is significantly important. It serves as a standard to evaluate the actual result with the objective. Hence, this study examines and establishes modalities of which budgetary process can be used as a tool for profit maximization in a manufacturing company, with a definite reference to Coca-Cola Company. The main hypothesis tested examines the effect of budgetary process on profit maximization of a manufacturing company, (Coca-Cola Company). Data was collected using both Primary and Secondary data. In order to achieve robust findings, a KAP (Knowledge, Attitudes, and Perceptions) quantitative approach was adopted in which questionnaires’ survey was administered. The Primary data was collected from the organization’s personnel’s and stockholders in Coca-Cola Company. The data collected/retrieved through the questionnaires were analyzed using statistical tool: the Statistical Package for Social Sciences (SPSS). The SPSS was also used to determine the relationship between the variables (Budgetary Process and Profitability). The findings show that budgetary process is an important tool for profit maximization in manufacturing Company. Based on the findings of this research, it is highly recommended that all organizations should endeavour to execute an effective budgetary process. This process will not only create or enhance organization profitability, but will also stimulate the consumers’ patronage and stakeholders’ satisfactions.