Conducting a cost/benefit analysis isn\'t always performed when it should by man

Question

Conducting a cost/benefit analysis isn't always performed when it should by management. I have seen smaller companies more willing to weigh both sides than I have larger ones. A cost/benefit analysis can be completed without using primary data, which some are not aware of. However, I admit that is the preferred route. This data is most likely more accurate and less biased. Why might there be resistance by some management to look at the overall impact of innovative technology when there is a customer base willing to be the consumer?

Explanation / Answer

The management may not be willing to accept innovative technology for data for the following reasons-

a. Posibility of less manipulation of data by management

b. Lack of confidence

c. To cover up frauds and errors

d. Fear of losing importance

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.