ERP Implementation: A Quantitative Model for Organisational Learning
Resource
International Journal of Information Technology and Management, 6(1), 78-91
Journal
International Journal of Information Technology and Management
Pages
78
Date Issued
2007
Date
2007
Author(s)
Abstract
This paper explores the long-term impact of Enterprise Resource Planning (ERP) investment decisions that are costly from an organisational learning perspective. Our objective is to evaluate the interactions between people and ERP implementation, with an emphasis on the learning aspect. We address the gaps between ERP development and its implementation and identify new quantitative approaches for analysing the interactions between people and ERP, using the Real Options concept for modelling. We make three important contributions to the literature. Firstly, we emphasise the importance of organisational learning in ERP implementation and evaluate its strategic value with a quantitative model. Secondly, illustrative data in conjunction with an analytical formula are elaborated on so that companies can easily understand and apply the evaluation method with spreadsheet software. Finally, we demonstrate that option-pricing theory can be applied to ERP projects to capture their real value.
SDGs
Type
journal article
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