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Determining the Value of e-Business for Small
and Medium size organizations. |
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For most business owners, return on investment (ROI) is the
most important determining factor in making investment decisions.
This is the way it should be. Why should companies invest resources into
a project that they believe will not produce a positive benefit for their
organization? A prudent manager should always consider the ROI before
spending resources on a new process, machine or employee. And just as
this business/economic principle has been used to determine "physical"
capital investments, ROI should also be a key-determining factor in your
decision to implement an e-Business solution. So
where is the ROI
in e-Business?
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Hard Facts about Technology Investments |
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I have found that most business owners are not satisfied with the return
on their technology investment. Often they hire young, so called, "technology
experts" who know very little about business. In most cases, the
results are doomed to failure, creating disappointment and frustration
for the business owner. The harsh reality is that business owners end
up missing out on the great benefits technology can provide because they
don't know what to do about it.
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| Your choices are not simple
when it comes to finding the right technology partner. On the one
hand, you can choose a large conglomerate, that is inflexible and
cost prohibitive and on the other hand, you are left with a group
of smaller technology firms who tend to over promise and under deliver. |
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