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Fundamentals I: Costs

In: Making the Compelling Business Case

Author

Listed:
  • Wolfgang Messner

    (MYRA School of Business, GloBus Research)

Abstract

The first two chapters of this book have focused on the importance of investment decisions for the economic well-being of companies, appropriate mathematical methods of modeling the cash inflows and outflows associated with an investment, and how to identify investment opportunities, select the best alternative, and finally take decisions for business growth. However, the best processes and theoretically correct methods are of not much value if the information fed into them is of insufficient quality; the well-known principle of “garbage in, garbage out” applies to business cases as well. Hence this and the next chapter concentrate exclusively on the two basic types of input into a compelling business case and the investment justification process: costs in this Chapter and benefits in Chapter 4.

Suggested Citation

  • Wolfgang Messner, 2013. "Fundamentals I: Costs," Palgrave Macmillan Books, in: Making the Compelling Business Case, chapter 3, pages 126-159, Palgrave Macmillan.
    • Handle: RePEc:pal:palchp:978-1-137-34057-3_3
    DOI: 10.1057/9781137340573_3
    as

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