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there's two ways you can take 'return on investment' - the wholistic qualitative way (if x has a tiny chance of improving the whole world then its worth it) or
by twelvechairs 13y ago
there's two ways you can take 'return on investment' - the wholistic qualitative way (if x has a tiny chance of improving the whole world then its worth it) or the narrow quantitative way (once we research it, we'l probably have to give x away basically for free and its is likely not to work out anyway and will take years so its practically valueless to our organisation on this years financial model).
unfortunately the latter is used almost exclusively. even in public organisations who should be able to take the broader of public good.
- chc 13y ago"Return on investment" generally means what you get back for what you put in. Both quality and quantity matter and I think this is often recognized, but if you're getting essentially nothing, it doesn't matter what quality of nothing you get.
- twelvechairs 13y agoyeah - perhaps to better word what I said 'return on investment' for a public body should include a broad definition of 'what you get back' as in 'what the public gets back' not just 'what the agency gets back'. the latter is generally easier to quantify and easy to quantify things are easy to consider and contrast.