The Digital Business Evaluation Process
Overview
Typical corporate budgeting routines were conceived for large, predictable businesses. The conditions were designed more for conservative and cautious environments rather than quick-moving entrepreneurial situations. As more companies continue to focus on e-Business ventures, the responsibilities for envisioning, researching, financing and implementing project ideas becomes cumbersome. Combining this with the continuously emerging Internet technologies and the result is an extremely short timeframe for creating new business models and getting ideas to market.

Corporations are rapidly generating ideas, but are finding it difficult to evaluate and implement because they are used to the traditional, comfortable pace and level of detail with which ideas are researched and analyzed.

There is a compelling need for a repeatable methodology to identify, validate and implement new opportunities in an efficient and conclusive manner. The benefits behind a repeatable process are two-fold. First, it provides a quick and consistent method for screening ideas and secondly does not put undue pressure on business managers who are preoccupied with running the current business.

Intro to evaluation process

Idea Generation
In order to compete in the fast based e-Business environment, cutting edge ideas must be created in an attempt to stay ahead of the competition. Similarly, ideas that improve upon existing processes or simply transform current business to the web must also be considered in order to maintain existing market share.

Although idea generation generally begins with ideas being developed by leadership teams, one of the best places to look for new ideas is through existing employees of all levels. Just as employees were one of the most successful resources for developing cost saving ideas during the