BIROn - Birkbeck Institutional Research Online

    Investment appraisal and evaluation: preserving tacit knowledge and competitive advantage

    Sims, Julian and Powell, Philip and Vidgen, R. (2015) Investment appraisal and evaluation: preserving tacit knowledge and competitive advantage. International Journal of Business and Systems Research 9 (1), pp. 86-103. ISSN 1751-200X.

    [img]
    Preview
    Text
    10687.pdf - Author's Accepted Manuscript

    Download (258kB) | Preview

    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.

    Metadata

    Item Type: Article
    Keyword(s) / Subject(s): investment appraisal, tacit knowledge, investment evaluation, competitive advantage, information systems, e-learning, electronic learning; online learning, higher education
    School: Birkbeck Schools and Departments > School of Business, Economics & Informatics > Management
    Research Centre: Birkbeck Knowledge Lab
    Depositing User: Sarah Hall
    Date Deposited: 10 Feb 2015 09:01
    Last Modified: 17 Aug 2017 14:53
    URI: http://eprints.bbk.ac.uk/id/eprint/10687

    Statistics

    Downloads
    Activity Overview
    250Downloads
    517Hits

    Additional statistics are available via IRStats2.

    Archive Staff Only (login required)

    Edit/View Item Edit/View Item