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The influence of competitive strategy on capital investment decisions

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dc.contributor.advisor Le Roux, S. J. (Stephanus Johannes) en
dc.contributor.author Van Brakel, A. J. en
dc.date.accessioned 2009-08-25T10:56:32Z
dc.date.available 2009-08-25T10:56:32Z
dc.date.issued 2004-10
dc.date.submitted 2004-10-31 en
dc.identifier.uri http://hdl.handle.net/10500/1775
dc.description.abstract Various authors have scrutinised the sole utilisation of quantifiable (financial) appraisal criteria in capital investment appraisal. They argue that the appraisal of capital investment proposals must concentrate on the capital investment process as a whole and not only on the selection phase. These authors suggest that capital investment opportunities and proposals must be sought within the parameters set by strategy. Therefore, the purpose of this study was to explore and to describe how decision-makers in the platinum industry experience the influence of competitive strategy on the capital investment process. Semi-structured interviews were held with strategic capital investment decision-makers within a major role player in the platinum industry. Respondents were selected according to the snowball sampling method. An analysis of the results indicates that competitive strategy does influence the capital investment process. This influence is particularly observable with regard to the initiation of capital investment ideas, the capital budget allocation and the strategic appraisal criteria utilised by decision-makers to screen capital investment proposals. The strategic capital investment process constitutes much more than just the selection of capital investment proposals. Therefore, the findings of this study signify the importance of considering the influence of competitive strategy on the capital investment process. en
dc.format.extent 1 online resource (vii, 97 leaves)
dc.language.iso en en
dc.subject No keywords available en
dc.subject.ddc 338.4366924
dc.subject.lcsh Capital investments
dc.subject.lcsh Platinum industry -- Capital investments
dc.subject.lcsh Competition
dc.subject.lcsh Strategic planning
dc.subject.lcsh Capital budget
dc.title The influence of competitive strategy on capital investment decisions en
dc.type Dissertation en
dc.description.department Business Management en
dc.description.degree M. Tech. (Business Administration) en


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