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Challenging best practices in (e)business development

Lookup NU author(s): Professor Savvas PapagiannidisORCiD


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This paper proposes an entrepreneurial approach to decision making for businesses; in particular e-businesses. The paper introduces the Mercenary Risk Theory (MRT), which challenges each element of best practice. MRT challenges the justification of best practices on a purely financial basis, so as to redirect resources to business critical operations. We discuss how MRT can be applied to resourcing of software development, especially overheads and human resources, and the management of the alpha and beta product development phases. We then compare MRT to the Rapid Application Development (RAD) process and explain why they are different. The paper concludes with two case studies which aim to illustrate how MRT could be applied in practice.

Publication metadata

Author(s): Papagiannidis S, Bex A

Publication type: Article

Publication status: Published

Journal: WSEAS Transactions on Information Science and Applications

Year: 2005

Volume: 2

Issue: 10

Pages: 1715-1722

ISSN (print): 1790-0832

ISSN (electronic):

Publisher: World Scientific and Engineering Academy and Society