Companies and organizations in different industries around the world make use of different technologies for many reasons and purposes, such as to improve performance and to stay competitive. This raises some questions and concerns about the use, benefit, risk and the investment decision-making process for the selected technology. A review of the available literature shows that the decision-making processes related to investments in general are difficult and complex. As a result of this, many organizations that have invested in technology have not achieved the required benefits; this leads to unsuccessful investment decisions and loss of opportunities. This can occur when decision makers and planners do not pay enough attention to some critical factor that may affect the investment, or they may just not have planned sufficiently carefully for it. This research aims to examine and investigate the gaps and factors behind technology investment decisions, with a focus on several of the more important factors and elements that may have a huge impact on these decisions. These include investment justification techniques, technology selection, organizational readiness, technology alignment, and benefits realization. The unique aspect of this research is that these five elements have not previously been linked in research publications or reports, particularly within the petrochemical industry. Thus, the research focuses on these five elements to identify the critical factors and difficulties to support decision makers in order to achieve successful technology investment in the petrochemical industry. To address the research aims, the issues affecting investment decision-making within a number of the biggest petrochemical companies in Saudi Arabia were investigated.
| Identifer | oai:union.ndltd.org:bl.uk/oai:ethos.bl.uk:553540 |
| Date | January 2012 |
| Creators | Alsahli, Tariq |
| Contributors | Lawlor-Wright, Therese; Fenn, Peter |
| Publisher | University of Manchester |
| Source Sets | Ethos UK |
| Detected Language | English |
| Type | Electronic Thesis or Dissertation |
| Source | https://www.research.manchester.ac.uk/portal/en/theses/investigation-of-the-decision-makingprocess-for-technology-investment-in-thesaudi-arabia-petrochemical-industry(854b114e-3803-465f-916d-bb15d0f585ad).html |
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