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JRS Corporation Attempted to Install an Enterprise Resource Planning System

question 14

Essay

JRS Corporation attempted to install an enterprise resource planning system with very poor results.The project took significantly longer than expected; actual costs exceeded budgeted costs by a significant margin.In addition, the system has been poorly utilized because it was never completed.The management of JRS has hired you to bring the project to a successful completion.Write a letter to management explaining three common causes of ERP implementation failure; also make four recommendations that will help them be more successful with the implementation now.


Definitions:

Demand Function

A mathematical representation that describes the relationship between the quantity of a good demanded and its price, among other variables.

Inverse Demand Function

A representation of demand that expresses price as a function of quantity, rather than the conventional demand function which expresses quantity demanded as a function of price.

Price Elasticity

Measures the responsiveness of quantity demanded or supplied to a change in price.

Wealth

The abundance of valuable resources or valuable material possessions, including the total of all financial assets minus any liabilities.

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