IDEAS home Printed from https://ideas.repec.org/a/ids/ijbsre/v9y2015i1p86-103.html
   My bibliography  Save this article

Investment appraisal and evaluation: preserving tacit knowledge and competitive advantage

Author

Listed:
  • Julian Sims
  • Philip Powell
  • Richard Vidgen

Abstract

This research asks if intuitive investment appraisal and evaluation are appropriate under conditions of rapid change, uncertain outcomes, limited information, and when competitive advantage derives from tacit knowledge. Measures and rational approaches to appraisal and evaluation require distal knowledge made explicit in documents and techniques. Converting valuable tacit knowledge, residing in individuals and organisational context, into coded distal knowledge, which is more easily replicated, risks jeopardising the uniqueness of competencies and capabilities that underpin competitive advantage. The research investigates e-learning projects in higher education and finds little evidence of formal rational investment appraisal and evaluation in IS projects characterised by uncertainty and a lack of clear information.

Suggested Citation

  • Julian Sims & Philip Powell & Richard Vidgen, 2015. "Investment appraisal and evaluation: preserving tacit knowledge and competitive advantage," International Journal of Business and Systems Research, Inderscience Enterprises Ltd, vol. 9(1), pages 86-103.
  • Handle: RePEc:ids:ijbsre:v:9:y:2015:i:1:p:86-103
    as

    Download full text from publisher

    File URL: http://www.inderscience.com/link.php?id=66822
    Download Restriction: Access to full text is restricted to subscribers.

    As the access to this document is restricted, you may want to search for a different version of it.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:ids:ijbsre:v:9:y:2015:i:1:p:86-103. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (Darren Simpson). General contact details of provider: http://www.inderscience.com/browse/index.php?journalID=206 .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.