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Strategic evaluation of environmental projects in SMEs
Author(s) -
Epstein Marc J.,
Roy MarieJosée
Publication year - 2000
Publication title -
environmental quality management
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.249
H-Index - 27
eISSN - 1520-6483
pISSN - 1088-1913
DOI - 10.1002/1520-6483(200021)9:3<37::aid-tqem4>3.0.co;2-t
Subject(s) - business , investment (military) , capital (architecture) , process (computing) , capital investment , industrial organization , capital budgeting , finance , computer science , archaeology , politics , project appraisal , political science , law , history , operating system
This article examines how small and medium enterprises (SMEs) can improve their capital investment decisionmaking process for both environmental and general capital projects. It proposes a framework that helps integrate environmental impacts into capital investment decisions, while recognizing SMEs' specific management practices, unique culture, and constraints. The framework presented here is also applicable to independent strategic business units of larger organizations where the capital investment decision process is decentralized. ©2000 John Wiley & Sons, Inc.