Strategic Management of Capital Expenditure: A Systematic Contingent Framework.
- 1 August 1980
- journal article
- Published by Academy of Management in Academy of Management Proceedings
- Vol. 1980 (1) , 26-30
- https://doi.org/10.5465/ambpp.1980.4975963
Abstract
Conventional capital budgeting systems do not reflect or respond to the realities of the capital expenditure decision process. This paper describes an empirically developed understanding of existing and needed stages in the decision process, identifies supportive design mechanisms, and proposes an approach to system design contingent on organization types.Keywords
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