The survey findings indicate the existence of gap between theory and practice of capital budgeting. Standard appraisal methods have shown a wider project value discrepancy, which is beyond and above the contingency limit. In addition, the research has found the growing trend in the use of value...

One of the debates in the capital budgeting model selection is between the free cash flow and DCF methods. In this paper an attempt is made to compare SVA against NPV model based on Monte Carlo simulations. Accordingly, NPV is found less sensitive to value driver variations and has got higher...

We formulate a simple model of optimal defensive disclosure by a monopolist facinguncertain antitrust enforcement and test its implications using unique data on defensivedisclosures and patents by IBM during 1955-1989. Our results indicate that strongerantitrust enforcement leads to more...

The debate is developed based on the following considerations: 1 - Business Intelligence (BI) is unanimous considered the art of gaining business advantage from data; therefore BI systems and infrastructures must integrate disparate data sources into a single coherent framework for real-time...

The purpose of this paper is to present possible ways how could a company maintain or even gain its competitive advantage in high dynamic business environment from a per-spective of business models. After a short introduction on evolution of innovation, this paper is divided in three parts. In...

The aim of the dissertation is to identify the factors of influence on the strategy in relation to characteristics of a company, business environment, level of informatization, and business strategy typical for deindustrialized era, that result in creation of strategic recommendations. The...

This paper proposed a theoretical framework of innovation based on the perspective of ownership, and constructed an empirical research system of the relationship between ownership structure and innovation. In view of existing theme scattered and lack of interaction, this paper proposed a...

Potential of the systems with active elements is examined in the article from point of aims of management. In wide interpretation the potential appears as the multivariate, complex, stochastic parameter reflecting dialectics of system’s internal states at interaction with the external...

Gelisen bilisim teknolojilerinin bir sonucu olan “e – posta” kullanimi isletme ve musteri iliskilerine yeni bir boyut kazandirmistir. Calismada musteri iliskileri araclarindan biri olarak kullanilan “e posta” yonetimi kavrami verilmis ve otel isletmeleri acisindan konu irdelenmistir....

The Balanced Scorecard has become one of the most popular and successful instrument for managing the organizations’ performance. The Six Sigma Business Scorecard combines the Six Sigma methodology with the Balanced Scorecard method for achieving financial objectives. The Six Sigma Business...