Demonstrating Business Value of Security Investments in the Age of Digitalization

2016 ◽  
Vol 7 (3) ◽  
pp. 1-25
Author(s):  
Lucas Cardholm
Keyword(s):  
Business Value ◽  
Bottom Line ◽  
Financial Cost ◽  
Business Context ◽  
Investment Projects ◽  
Equal Footing ◽  
Cost Projection ◽  
Benefits And Costs ◽  
Current Business ◽  
Security Investments

Management may see security as an inhibitor to the daily operations if the investment is not well aligned with current business activities or is presented in financial terms not relevant to their agenda. While this article shows that security improvements create bottom-line business benefits, there is still a need for security managers to focus on quantifying those benefits in relevant financial terms. The purpose is to demystify the principles of general investment processes and criteria for calculating the benefits and costs of investments while accentuating alignment to the imperatives of the organization that makes the investment. When security investments are assessed alongside other investment projects it helps to consider them on an equal footing, implying the use of similar, and ideally the same, methods of financial cost projection. It is equally important to position and present the proposed investment in a relevant business context.

Identifying the Business Value of Information Security

2014 ◽  
pp. 157-180
Author(s):  
Lucas Cardholm
Keyword(s):  
Information Security ◽  
Value Of Information ◽  
Business Value ◽  
Bottom Line ◽  
Financial Cost ◽  
Business Context ◽  
Investment Projects ◽  
Equal Footing ◽  
Cost Projection ◽  
Benefits And Costs

Management may see information security as an inhibitor to daily operations if the investment is not well aligned with current business activities or is presented in financial terms not relevant to their agenda. While this chapter shows that information security improvements create bottom-line business benefits, there is still a need for security managers to focus on quantifying those benefits in relevant financial terms. The purpose is to demystify the principles of general investment processes and criteria for calculating the benefits and costs of investments while accentuating alignment to the imperatives of the organization that makes the investment. As information security investments are assessed alongside other investment projects, it helps to consider them on an equal footing, implying the use of similar, and ideally the same, methods of financial cost projection. It is equally important to position and present the proposed investment in a relevant business context.

Identifying the Business Value of Information Security

2014 ◽  
pp. 1056-1079
Author(s):  
Lucas Cardholm
Keyword(s):  
Information Security ◽  
Value Of Information ◽  
Business Value ◽  
Bottom Line ◽  
Financial Cost ◽  
Business Context ◽  
Investment Projects ◽  
Equal Footing ◽  
Cost Projection ◽  
Benefits And Costs

Management may see information security as an inhibitor to daily operations if the investment is not well aligned with current business activities or is presented in financial terms not relevant to their agenda. While this chapter shows that information security improvements create bottom-line business benefits, there is still a need for security managers to focus on quantifying those benefits in relevant financial terms. The purpose is to demystify the principles of general investment processes and criteria for calculating the benefits and costs of investments while accentuating alignment to the imperatives of the organization that makes the investment. As information security investments are assessed alongside other investment projects, it helps to consider them on an equal footing, implying the use of similar, and ideally the same, methods of financial cost projection. It is equally important to position and present the proposed investment in a relevant business context.

The Business Value of IT: A Synthesis and Framework of Archival Research

2011 ◽  
Vol 25 (2) ◽  
pp. 81-116 ◽  
Author(s):  
Adi Masli ◽  
Vernon J. Richardson ◽  
Juan Manuel Sanchez ◽  
Rodney E. Smith
Keyword(s):  
Firm Performance ◽  
Balanced Scorecard ◽  
Business Strategy ◽  
Firm Value ◽  
Business Value ◽  
Future Research ◽  
Archival Research ◽  
Accounting Information Systems ◽  
Business Context ◽  
The Impact

ABSTRACT This paper synthesizes recent empirical archival research investigating the link between information technology investment and business value. It examines (1) financial and nonfinancial measures to represent different elements of business value, (2) IT investment measures and links with firm performance, (3) IT and business complementarities that affect firm performance, and (4) the impact of business context and IT alignment with business strategy on resulting performance. The review of prior research is guided by a balanced scorecard framework that places IT in a business context and highlights the role of potential drivers and contextual factors that impact the association between IT and firm value. The paper concludes by proposing several broad avenues of future research that may be of particular interest to archival accounting information systems researchers.

scholarly journals Innovation and knowledge transference in a cluster user-driven innovation perspective – the Inovcluster experience

2016 ◽  
Vol 5 (1) ◽  
Author(s):  
Teresa Paiva ◽  
Cláudia Domingues ◽  
Luis P. Andrade
Keyword(s):  
Value Creation ◽  
Geographic Region ◽  
Business Value ◽  
Regional Strategy ◽  
Business Context ◽  
Innovation Transfer ◽  
Innovation Capacity ◽  
Micro Enterprises

Our purpose with this article is to show the importance of assessing trends and promoting innovation in a real business context, through a cluster ecosystem, mainly composed of micro-enterprises in the agro-industrial Portuguese sector.As many studies show, Inovcluster (which has 158 associates, from which 120 are enterprises) is also a geographic region cluster, which improves innovation performance of businesses seeking to gain competitiveness and ability to improve their exportations in the agro-industrial Portuguese sector.The role of the cluster is fundamental to creating a model for knowledge transfer of innovation capacity, interconnecting its institutional, scientific and business associates. This model has to be adapted to the sector and enterprise characteristics, relying in an interconnecting structure which is more or less decentralized according to the mentioned features. Here we present an experience and case study of the Inovcluster ecosystem and its trends and innovation transfer to business value creation, contextualized within the regional strategy for smart specialization.We have shown how, through the establishment of an Inovcluster network, it is possible to integrate the contribution of different research and academic centres, channelled to assist micro-enterprises by innovating within a geographical constraint.

scholarly journals The Capital Budgeting of Corporate Social Responsibility

2020 ◽  
Vol 12 (9) ◽  
pp. 3542
Author(s):  
Maria-Teresa Bosch-Badia ◽  
Joan Montllor-Serrats ◽  
Maria-Antonia Tarrazon-Rodon
Keyword(s):  
Corporate Social Responsibility ◽  
Strategic Planning ◽  
Social Responsibility ◽  
Evaluation Method ◽  
Capital Budgeting ◽  
Bottom Line ◽  
Numerical Illustration ◽  
Investment Projects ◽  
Specific Investment ◽  
Corporate Social

This paper focuses on the evaluation of Corporate Social Responsibility (CSR) investment projects from the perspective of the triple bottom line. One of the most relevant roles of CSR is the mitigation of the negative externalities generated by corporate investments, which often requires undertaking specific investment projects that fall in the scope of CSR. The main goal of these CSR projects is to improve corporate sustainability instead of maximising financial value creation. Thus, they must be evaluated for their impact on the natural, social, and financial capitals, answering these three questions: What is its efficacy for the mitigation of the externalities under consideration? What is its economic efficiency for stakeholders? What is its financial sustainability? The proposed evaluation method interlinks monetary with physical units by generating dimensionless indicators. The paper also presents a metric that unites in a single indicator the effects on the natural, social, and financial capitals. Reliable capital budgeting decisions must fit with corporate strategic planning. Since this principle also holds for CSR, the paper includes a section on the strategic planning of CSR. A numerical illustration and a case study, developed with the aid of text mining techniques, show the applicability of the findings of this paper.

scholarly journals A systematic literature review on 30 years of empirical research on information systems business value

2021 ◽  
Vol 29 (6) ◽  
pp. 0-0
Keyword(s):  
Information Systems ◽  
Positive Relationship ◽  
Research Community ◽  
Business Value ◽  
Research Topic ◽  
Fundamental Question ◽  
Bottom Line ◽  
Is Research ◽  
The Past

Information Systems Business Value (ISBV) has been a key research topic for the IS research community. While the vast majority of ISBV research demonstrates the positive relationship between IS and firm performance, the fundamental question of the causal relationships between IS and business value remains partly unexplained. Moreover, researchers do not share a unified understanding of ISBV concepts. Therefore, this research intends to synthesize the past 30 years of empirical ISBV research, identify the gaps and shortcomings, conceptualize the ISBV concepts, and propose possibilities for further research that will widen the current narrowly shared ISBV bottom line. We aim to synthesize (1) different operationalization of concepts in existing ISBV research; (2) IS determinants, consequences, and the relations among the variables; (3) the role of contextual factors; and (4) the adopted theoretical views.

scholarly journals 460 Remote Orthopaedic Clinics during COVID-19: Lessons for a Sustainable Future

2021 ◽  
Vol 108 (Supplement_6) ◽  
Author(s):  
A Curtis ◽  
H Parwaiz ◽  
C Winkworth ◽  
L Sweeting ◽  
L Pallant ◽  
...  
Keyword(s):  
Carbon Emissions ◽  
Final Analysis ◽  
Total Carbon ◽  
Bottom Line ◽  
Financial Cost ◽  
Face To Face ◽  
Significant Difference ◽  
Mode Of Transport ◽  
The Impact

Abstract Aim The COVID-19 pandemic has led to a focus on non-face to face (NF2F) orthopaedic clinics. Our aim was to establish whether NF2F clinics were sustainable according to the ‘Triple Bottom Line’ framework by taking account of the impact on patients, the planet and financial cost. Method This retrospective cohort study was carried out at a large DGH with 261 patients identified as having undergone F2F or NF2F orthopaedic consultations (April 2020). These patients were contacted by telephone to establish their experience, mode of transport and preference for future consultations. Data was also collected relating to environmental and financial costs to the patient and trust. Results Final analysis included 180 patients (69%): 42% had a F2F consultation and 58% a NF2F consultation. There was no significant difference between each group in terms of convenience, ease of communication, subjective patient safety, or overall satisfaction rating (p>0.05). 80% of NF2F patients would be happy with virtual consultations in future. Mean journey distance was 18.6 miles leading to a reduction in total carbon emissions of 563.9kg CO2e (66%), equating to 2106 miles in a medium sized car. The hospital visit carbon cost (heating, lighting, and waste generation) was reduced by 3,967kg CO2e (58%). The financial cost (petrol and parking) was also reduced by an average of £8.96 per person. Conclusions NF2F consultations are aligned to the NHS ‘Long Term Plan’. They (i) deliver high patient satisfaction with equivalent outcomes to F2F consultations; (ii) have reduced carbon emissions from transportation and hospital running; and (iii) are cheaper.

scholarly journals Reviewing Value Creation in Agriculture—A Conceptual Analysis and a New Framework

2020 ◽  
Vol 12 (12) ◽  
pp. 5021 ◽  
Author(s):  
Vera Sadovska ◽  
Lena Ekelund Axelson ◽  
Cecilia Mark-Herbert
Keyword(s):  
Sustainable Development ◽  
Value Creation ◽  
Time Perspective ◽  
Agricultural Sector ◽  
Business Value ◽  
Sustainable Business ◽  
Bottom Line ◽  
Human Needs ◽  
Funding Policies ◽  
Near Term

Creation of business value is a major objective of any enterprise, but the way in which value is created and its consequences call for re-evaluation in response to current sustainability goals. The agricultural sector serves basic human needs, but its systems and methods for production, processing, and consumption often pose challenges to sustainable development. To address these challenges, this study consolidated value-creating factors identified in a systematic literature review into nine clusters: collaboration, communication, knowledge, production, diversification, entrepreneurism, funding, policies, and inclusiveness. These clusters were analyzed with a Triple Bottom Line framework where financial, environmental, and social dimensions are part of sustainable development. The analysis revealed that agricultural enterprises pursue business activities in a near-term perspective, with few having strategies for long-term activities such as innovativeness, knowledge acquisition, and collaboration with external stakeholders. These findings highlight the complexity in creation of sustainable business value and call for further investigation of how value is conceptualized in the agricultural sector. Re-thinking value creation in the sector should consider why value is created, for whom, the time perspective in which value is assessed, and the aspects given weight in the assessment.

scholarly journals Sustainable development in companies: Theoretical dream or implementable reality?

2011 ◽  
Vol 8 (4) ◽  
pp. 352-364 ◽  
Author(s):  
Marita Naudé
Keyword(s):  
Sustainable Development ◽  
21St Century ◽  
Triple Bottom Line ◽  
Daily Functioning ◽  
Bottom Line ◽  
Business Context ◽  
Practical Level

The 21st century company faces a range of multi-faceted and complex challenges as part of the daily functioning. In addition, there are increasing pressure and demands from stakeholders and society towards Sustainable Development (SD). Although SD is not a new concept it is clear that there are numerous interpretations at a both a theoretical and practical level regarding the implementation. The author uses a triple-bottom line approach where the economic, social and environmental dimensions are regarded as equally valuable and these need to be implemented simultaneously. This paper highlights the particular challenges which directors and managers face and describes in detail guidelines to enhance practical and realistic implementation of SD within the reality of a very challenging and continuously changing business context.

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