Did You Know? The Concept Of ROI Is More Than A Century-Old.
Updated: 6 days ago
Return on Investment, a.k.a. ROI, is a more than a century-old, tried, and tested concept.
Donaldson Brown, in 1914 working as Assistant Treasurer for DuPont company in the United States, devised a formula keeping the working capital, earnings, and investments in mind. He termed it as we know it today, “return on investment”. The concept became hugely popular in the financial and academic circles as the DuPont formula for ROI.
Although the concept of ROI is simple — you put money in, measure money out, divide and prosper— it would be a mistake to only measure direct and immediate financial gains.
“NOT EVERYTHING THAT COUNTS CAN BE COUNTED”
Consider a well-designed and executed marketing or PR campaign with long-tail returns on investment that will benefit your organization for years to come.
increased brand and product awareness
better customer satisfaction
better sales leads
Think beyond just monetary returns, think further and much broader, widen your scope, and comprehend ROI.