About the Limitations of Spreadsheet Applications in Business Venturing

Benjamin B. Gansel ()
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Benjamin B. Gansel: PricewaterhouseCoopers Corporate Finance Beratung GmbH

A chapter in Operations Research Proceedings 2007, 2008, pp 219-223 from Springer

Abstract: Abstract Spreadsheets are ubiquitously applied in end-user applications ranging from simple adding calculations to complex decision problems. As most people avoid utilizing different software packages for each problem, they routinely use (Excel) spreadsheets to perform modeling or to aid decision making. The wide acceptance of spreadsheets has also led to an overwhelming application in financial planning in business venturing. Almost all standard entrepreneurship textbooks (see for example, Barringer et al., 2005; Hisrich et al., 2005; Scarborough et al., 2006) propose (Excel) spreadsheets to create a financial plan as part of a business plan. The major advantage of spreadsheet applications is the ease of handling and the automation of calculation.

Keywords: Market Share; Market Size; Perfect Information; Imperfect Information; Uncertain Variable (search for similar items in EconPapers)
Date: 2008
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Persistent link: https://EconPapers.repec.org/RePEc:spr:oprchp:978-3-540-77903-2_34

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DOI: 10.1007/978-3-540-77903-2_34

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