7.4 : יתרונות ומגבלות של תקצוב הון

Capital budgeting is essential for companies because it helps them plan for the future and invest in projects that match their long-term goals.

For example, Amazon might use capital budgeting to decide whether to build a new distribution center.

This process helps them make the investment decision that will most likely improve their operations and profits.

It also helps them manage risks by thinking about possible challenges, like changes in demand or shipping costs.

However, capital budgeting has some downsides as it can be complex and time-consuming.

Amazon might spend months analyzing different factors before picking a location for its center.

There is also a risk that the company's predictions about future profits could be wrong, leading to bad investment decisions.

If customer demand doesn't grow as expected, the new center might not make as much money.

Additionally, some projects require a lot of money upfront, which can strain the company's finances.

To summarize, while capital budgeting is essential for long-term planning, companies must be prepared to address these challenges to ensure successful outcomes.