With the new rage of Pintrest I have created a new board called “What’s the ROI of this?” where I will be pinning random things that I would LOVE for someone to share with me how they got the return on investment with that little (or big for that matter) item they are using.
What’s ROI? According to Investomedia …
Definition of ‘Return On Investment – ROI’
A performance measure used to evaluate the efficiency of an investment or to compare the efficiency of a number of different investments. To calculate ROI, the benefit (return) of an investment is divided by the cost of the investment; the result is expressed as a percentage or a ratio. The return on investment formula:
In the above formula “gains from investment”, refers to the proceeds obtained from selling the investment of interest. Return on investment is a very popular metric because of its versatility and simplicity. That is, if an investment does not have a positive ROI, or if there are other opportunities with a higher ROI, then the investment should be not be undertaken.(Read more: http://www.investopedia.com/terms/r/returnoninvestment.asp#ixzz1oIlUFTmQ)
And last week I saw a job description that read this… “Use real-time analytics to measure the effectiveness & ROI of all L&D initiatives and continuously innovate the program”. After scracthing my head thinking…” You want them to do whaaa??”
All I could think of was to make this board. Please submit things that you WiSH you knew the ROI of and could explain them to your boss as being a good return on his/her investment… Like for example the picture below.