Evaluation and adoption of new technology - some issues
By: Suresh Babu, T.K.
Material type:
ArticlePublisher: 1999Description: p.36-40.Subject(s): Technology assessment
In:
South Asian Journal of ManagementSummary: Investing in new technology is a strategic decision and any commitment must be appraised within the context of the company's strategic business plan. New technology investment creates a strong need for corporate firms to assess the validity of their cost accounting and financial systems. The traditional decision making tools in finance undermine the strategic potential of the new technology. Further, owing to the lack of techniques to measure and quantify the new technology benefits accurately, justification of new technology investment is hindered. Typical capital justification methods undervalue or fail to consider some of the important benefits of the new technology and delay or deny its adoption. This paper discusses some of the important issues related to the evaluation and adoption of new technology investments. - Reproduced
| Item type | Current location | Call number | Vol info | Status | Date due | Barcode |
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Articles
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Indian Institute of Public Administration | Volume no: 6, Issue no: 2 | Available | AR45997 |
Investing in new technology is a strategic decision and any commitment must be appraised within the context of the company's strategic business plan. New technology investment creates a strong need for corporate firms to assess the validity of their cost accounting and financial systems. The traditional decision making tools in finance undermine the strategic potential of the new technology. Further, owing to the lack of techniques to measure and quantify the new technology benefits accurately, justification of new technology investment is hindered. Typical capital justification methods undervalue or fail to consider some of the important benefits of the new technology and delay or deny its adoption. This paper discusses some of the important issues related to the evaluation and adoption of new technology investments. - Reproduced
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