Hackett: InformationWeek.com Weblog, ``The Spreadsheet: 1979-2006. May It Rest In Peace?''
October 31 2006 - 2:08PM
Business Wire
From InformationWeek Editor at Large Eric Chabrow -- Remember
VisiCalc? For those too young to remember the dawning of the PC age
in the late '70s and early '80s, VisiCalc was the first spreadsheet
app for personal computers, and credited with turning the PC from
an expensive toy into a serious business tool. But the PC
spreadsheet as a key app to drive value in many businesses may have
reached its limits, according to a study by The Hackett Group. In
the report, The Hackett Group contends world-class companies
employing enterprise performance management techniques can double
shareholder returns, the IT advisory firm notes that all companies
it surveyed utilize spreadsheets as a standalone budgeting tool,
but the smart ones limit their use. Click Here to Link to Full Text
of Article. Or visit the following URL:
http://www.informationweek.com/blog/main/archives/2006/10/
the_spreadsheet.html(Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) Visit The Hackett Group�s �In the
News� archive for a more coverage of Hackett�s research and
insights in leading business and trade publications. Click Here to
Link to Hackett �In the News� Press Coverage Archive. Or visit the
following URL: http://www.thehackettgroup.com/press/ About The
Hackett Group The Hackett Group (www.TheHackettGroup.com), a
strategic advisory firm and an Answerthink company (NASDAQ: ANSR),
is a global leader in best practice research, benchmarking and
business transformation services that enable world-class
performance across selling, general & administrative (SG&A)
and supply chain activities. Hackett provides strategic insight,
best practice advice and implementation services grounded in
performance metrics obtained through 14 years and 3,500 benchmark
studies. Through the acquisition of REL Consultancy Group, the
world�s largest firm dedicated to generating cash improvement from
working capital and operations, The Hackett Group has deepened its
advisory capabilities in the area of working capital optimization.
For more than 30 years, Hackett-REL Total Working Capital advisors
have helped clients in over 60 countries liberate billions of
dollars in working capital ($25 billion in the last ten years
alone), creating the financial freedom to fund their strategic
objectives including acquisitions, product development, debt
reduction and share buy-back programs. Executives use Hackett�s
unique, empirically-based approach to prioritize initiatives,
execute faster, reduce risk and deliver sustainable results. Our
clients comprise 97 percent of the Dow Jones Industrials, 77
percent of the Fortune 100 and 50 percent of the FTSE 100. From
InformationWeek Editor at Large Eric Chabrow -- Remember VisiCalc?
For those too young to remember the dawning of the PC age in the
late '70s and early '80s, VisiCalc was the first spreadsheet app
for personal computers, and credited with turning the PC from an
expensive toy into a serious business tool. But the PC spreadsheet
as a key app to drive value in many businesses may have reached its
limits, according to a study by The Hackett Group. In the report,
The Hackett Group contends world-class companies employing
enterprise performance management techniques can double shareholder
returns, the IT advisory firm notes that all companies it surveyed
utilize spreadsheets as a standalone budgeting tool, but the smart
ones limit their use. Click Here to Link to Full Text of Article.
Or visit the following URL:
http://www.informationweek.com/blog/main/archives/2006/10/
the_spreadsheet.html(Due to its length, this URL may need to be
copied/pasted into your Internet browser's address field. Remove
the extra space if one exists.) Visit The Hackett Group's "In the
News" archive for a more coverage of Hackett's research and
insights in leading business and trade publications. Click Here to
Link to Hackett "In the News" Press Coverage Archive. Or visit the
following URL: http://www.thehackettgroup.com/press/ About The
Hackett Group The Hackett Group (www.TheHackettGroup.com), a
strategic advisory firm and an Answerthink company (NASDAQ: ANSR),
is a global leader in best practice research, benchmarking and
business transformation services that enable world-class
performance across selling, general & administrative (SG&A)
and supply chain activities. Hackett provides strategic insight,
best practice advice and implementation services grounded in
performance metrics obtained through 14 years and 3,500 benchmark
studies. Through the acquisition of REL Consultancy Group, the
world's largest firm dedicated to generating cash improvement from
working capital and operations, The Hackett Group has deepened its
advisory capabilities in the area of working capital optimization.
For more than 30 years, Hackett-REL Total Working Capital advisors
have helped clients in over 60 countries liberate billions of
dollars in working capital ($25 billion in the last ten years
alone), creating the financial freedom to fund their strategic
objectives including acquisitions, product development, debt
reduction and share buy-back programs. Executives use Hackett's
unique, empirically-based approach to prioritize initiatives,
execute faster, reduce risk and deliver sustainable results. Our
clients comprise 97 percent of the Dow Jones Industrials, 77
percent of the Fortune 100 and 50 percent of the FTSE 100.
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