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Show me the money

journal contribution
posted on 2003-02-01, 00:00 authored by Graeme Altmann, P Joyce, J Nuredini
In the rush to become part of the e-business revolution many companies are tossing aside conventional thinking when it comes to analyzing the return on their investment. Too often, however, ignoring formal justification of any investment is a recipe for disaster. With this in mind, a study on the justification processes used by companies when investing in e-business was conducted. The research identified several benefits gained from investing in e-business. Participants highlighted several e-business benefits including: opening up new markets, improving access to management information and reducing operating costs. The justification methods used in organizations could be easily classified into 4 groups: 1. a strategic approach, 2. the integrated approach, 3. an analytical approach, and 4. a financial approach.

History

Journal

Australian CPA

Volume

73

Issue

1

Pagination

56 - 57

Publisher

Australian Society of Certified Practising Accountants

Location

Melbourne, Vic.

ISSN

1440-8880

Language

eng

Publication classification

C3 Non-refereed articles in a professional journal

Copyright notice

2003, CPA Australia

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