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Excerpt from The 10 Basic Principles for E-Business Success

 

Introduction

 

   
  Determining the Value of e-Business for Small and Medium size organizations.
 

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?

 

 

 

  Hard Facts about Technology Investments
 

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.

 

 
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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