Search Swinburne Research Bank
Please use this identifier to cite or link to this item: http://hdl.handle.net/1959.3/81480
- Show me the money
- Altmann, Graeme; Joyce, Phil; Nuredini, Jasmina
- In the rush to become part of the e-business revolution many companies are tossing aside conventional thinking when it comes to analysing the return on their investment. One CEO of a major corporation recently said that he approved a seven-figure budget request from the firm's director of e-business in less than 10 seconds. He believed being first into a market was a non-negotiable imperative. Too often, however, ignoring formal justification of any investment is a recipe for disaster. With this in mind we conducted a study on the justification processes used by companies when investing in e-business. A justification process should analyse the factors involved in making a decision and help us understand the impact the investment will have on the organisation. When weighing up an investment, management will consider whether their outlay can help them achieve their goals. It's at this point that organisations should ignore any hype and consider how the investment will benefit business processes and whether their money is being spent wisely.
- Publication type
- Journal article
- Research centre
- Swinburne University of Technology
- Australian CPA, Vol. 73, no. 1 (Feb 2003), p. 56
- Publication year
- Australia; Company business management; Company investment; Electronic commerce; E-commerce; Financial management; Influence; Investments; Management dynamics; Venture analysis
- Australian Society of Certified Practising Accountants
- Publisher URL
- Copyright © CPA Australia Feb 2003.