Monsanto, a large chemical and fibers company, invested $37 million in state-of- the-art systems to improve process control, laboratory automation, and local area network (LAN) communications. The investment was not justified merely on cost savings but was also justified on the basis of qualitative considerations. Monsanto management viewed the investment as a critical element toward achieving its vision of the future. What qualitative and quantitative considerations do you believe Monsanto would have considered in its strategic evaluation of these investments?

 LO6