Domain specific return on investment model system and method of use
First Claim
1. A method of deciding business alternatives, which is implemented on computer program code in combination with hardware comprising the steps of:
- determining one or more objectives associated with a business using a processor;
determining one or more capabilities of the business using the processor;
analyzing at least one solution for one or more initiatives associated with the one or more objectives and the one or more capabilities using the processor;
generating a financial measurement, using the processor, based on results of the analyzing step which shows the contribution of the one or more initiatives to achieve the one or more objectives of the business; and
associating at least a cost and/or benefit to the at least one solution for use by the generating step, wherein the benefit is calculated, using the processor, based on at least in part industry best practices.
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Accused Products
Abstract
A system and method for creating and executing a business model for domain specific decisions to compare possible alternative business solutions to maximize results is provided. A domain-specific return on investment (ROI) or financial measurements model and a calculator for buying and selling information technology based solutions targeted at improving overall business efficiency and effectiveness by reducing lead time, improving probability of success, creating an innovative environment, enhancing corporate image, and reducing cost and improving revenues. These business objectives are connected to the capabilities provided by vendor solutions which are based on technology, process, people, science, or the like, typically through concrete initiatives. Solution components are quantified and used to calculate financial impacts for solution choices.
24 Citations
23 Claims
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1. A method of deciding business alternatives, which is implemented on computer program code in combination with hardware comprising the steps of:
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determining one or more objectives associated with a business using a processor; determining one or more capabilities of the business using the processor; analyzing at least one solution for one or more initiatives associated with the one or more objectives and the one or more capabilities using the processor; generating a financial measurement, using the processor, based on results of the analyzing step which shows the contribution of the one or more initiatives to achieve the one or more objectives of the business; and associating at least a cost and/or benefit to the at least one solution for use by the generating step, wherein the benefit is calculated, using the processor, based on at least in part industry best practices. - View Dependent Claims (2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12)
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13. A method of comparing business alternatives, which is implemented on computer program code in combination with hardware comprising the steps of:
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creating a value matrix having one or more initiatives associated with objectives and capabilities using a processor; associating one or more solutions to the one or more initiatives, using the processor, the one or more solutions having a cost and a benefit; calculating a financial measurement, using the processor, based on a selected initiative of the value matrix providing an objective basis to deem the initiative feasible according to a business goal; and relating the cost and/or the benefit to the at least one solution using the processor, wherein the benefit is calculated based on at least in part industry best practices. - View Dependent Claims (14, 15, 16, 17)
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18. A system for comparing business alternatives, comprising:
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means for creating a value matrix having one or more initiatives associated with objectives and capabilities; means for associating one or more solutions having a cost and a benefit to the one or more initiatives; means for quantifying a best practice associated with the one or more solutions; means for calculating a financial measurement based on the one or more solutions derived from the value matrix and at least in part on the quantified best practice providing an objective basis to deem the one or more solutions acceptable; and means for relating the cost and/or the benefit to the at least one solution, wherein the benefit is calculated based on at least in part industry best practices. - View Dependent Claims (19, 20, 21, 22)
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23. A computer program product comprising a computer usable medium having readable program code embodied in the medium, the computer program product includes at least one component to:
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determine one or more objectives associated with a business; determine one or more capabilities of the business; analyze at least one solution for one or more initiatives associated with the one or more objectives and the one or more capabilities; create a value matrix having the one or more initiatives associated with the one or more objectives and the one or more capabilities; generate a return on investment (ROI) based on results of the analysis which shows the contribution of the one or more initiatives to achieve the one or more objectives of the business; and associate at least a cost and/or benefit to the at least one solution for use when generating the return on investment, wherein the benefit is calculated based on at least in part industry best practices.
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Specification