6 Life Cycle Thinking
Objectives and Learning Outcomes
Decision-making in management is complicated by the fact that consequences of actions often occur at different points in the future. Moreover, these consequences routinely go beyond financial impacts and are likely to affect others or the environment of the business. The objective of this chapter is to familiarize the reader with the practice of life cycle thinking to evaluate financial and other impacts occurring in different time periods. As shown, methods of life cycle thinking are applicable in many different situations, for example, when deciding which project to choose from a list of potential options, when anticipating cash flows produced by a business ...
Get Practical Management for the Digital Age now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
