An old tool with potential new uses: return on investment

Purpose - The purpose of this paper is to examine potential new uses of return on investment (ROI) in alternative methods for library assessment and valuation.Design methodology approach - Uses examples of recent uses of ROI by libraries to identify potential new applications of ROI in library asses...

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Veröffentlicht in:The Bottom line (New York, N.Y.) N.Y.), 2007-03, Vol.20 (1), p.5-9
1. Verfasser: Nash White, Larry
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description Purpose - The purpose of this paper is to examine potential new uses of return on investment (ROI) in alternative methods for library assessment and valuation.Design methodology approach - Uses examples of recent uses of ROI by libraries to identify potential new applications of ROI in library assessment and valuation.Findings - ROI investment has historically been used by libraries for the assessment of past performance of library organizations in a reactive defensive nature or for assessing the value of customer services. ROI has not been widely used as a proactive assessment tool, to introspectively assess administrative or other internal services, or as an offensive assessment and valuation tool, especially for intangible performance assessment and valuation.Originality value - New applications of the ROI assessment tool could provide library administrators with proactive means of increasing the effectiveness of library assessment, valuation, and their results.
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source Emerald A-Z Current Journals
subjects Accountability
Assessment
Assessments
Brand loyalty
Capital expenditures
Customer services
Decision making
Financial management
Financial performance
Financing
Information systems
Internal customers
Investment
Knowledge management
Libraries
Library management
Organizations
Performance assessment
Return on investment
Stakeholders
Valuation
title An old tool with potential new uses: return on investment
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