How do engineers justify buying equipment if it comes with standard features that the enterprise doesn’t really need? Before engineers recommend buying new equipment, managers first mention what they need or what the problem is. Managers may already have a solution in mind such as a machine they read on a catalogue or saw inContinue reading “When Standard Features Aren’t Needed”
Tag Archives: ROI
It’s Not Only About ROI
The chief executive officer of a multinational consumer goods corporation handed down an edict: he won’t approve any project unless the proponent presents a justifiable return on investment (ROI). Whether it be an investment in new facilities, hiring of additional staff, or a promotion of a new product, the CEO won’t let an undertaking pushContinue reading “It’s Not Only About ROI”
