posted on 2003-02-01, 00:00authored byGraeme 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