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Justifying ERP As Strategic Business Initiative Amulti-dimensional Analytical Framework

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  • S. Padmanaban

Abstract

Enterprise Resource Planning (ERP) systems have become a buzzword in the business world again. Investing in one has become almost an inevitable strategic initiative for businesses today. But justifying such investment involves analysis and consideration of a number of complex factors along different dimensions. Beginning with choice from among the many options and versions available, to adopting it effectively and efficiently to secure the anticipated benefits [tangible and intangible], there is a plethora of daunting issues and challenges to be faced by the enterprise. Going beyond the conventional economic justification models like NPV, IRR, and Option Pricing, this paper develops and presents a multi-dimensional framework [applicable pre-ERP through ERP phases] to help the CEO and CIO in justifying ERP as strategic business initiative.

Suggested Citation

  • S. Padmanaban, 2005. "Justifying ERP As Strategic Business Initiative Amulti-dimensional Analytical Framework," Paradigm, , vol. 9(1), pages 1-7, January.
    • Handle: RePEc:sae:padigm:v:9:y:2005:i:1:p:1-7
    DOI: 10.1177/0971890720050102
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