Reaching Objectives Has Value! Even With So-Called Intangibles

Reaching Objectives has value

REACHING OBJECtIVES HAS VALUE! EVEN WITH SO-CALLED “INTANGIBLES”
Reaching Objectives Has Value. The principle is true in sports and it is true in business. The principle is the starting point for learning to make tangible and value business benefits of all kinds—financial and non-financial.

The business benefit concept is central in strategic planning, cost/benefit studies, and business case analysis. For these tasks, business analysts evaluate investments and actions by anticipating likely cost and benefit outcomes. People new to these activities learn quickly, however, that some kinds of benefits are easier to measure and value than others.

Many businesspeople are at a complete loss when it comes to measuring or valuing contributions to non-financial business objectives. These may include, for instance, changes in key performance indicators for goals having to do with customer satisfaction, branding, risk reduction.

LEARN HOW TO MAKE TANGIBLE, MEASURE, AND VALUE EVERY BUSINESS BENEFIT

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Marty Schmidt

#businesscase #businessanalysis #benefit #finance #costbenefitanalysis

Author: Marty Schmidt

Marty Schmidt is Founder and President of Solution Matrix Limited, a Boston-based firm specializing in Business Case Analysis. Dr. Schmidt leads the firm's Management Consulting, Publishing, and Professional Training activities. He holds the M.B.A degree from Babson College and a Ph.D. from Purdue University.