The Value of Intangible Benefits

The Value of Intangible Benefits

[WLOs: 1, 2] [CLO: 4]

Prior to beginning work on this assignment,

In this assignment, you will construct a justification for the purchase or outsourcing of the technology you would recommend as the solution to the video communication problem described in your Week 3 What It Takes to Be a Champion of Change Video Presentation discussion. Conduct an internet search using the key-word phrase “video conferencing solutions” to identify a solution that might fit the company’s needs.

NOTE: The chosen technology is only a framework and isn’t as important as your justifications using the intangibles you identified in your Week 2 What are Intangibles Worth? discussion, Current Intangible Business Costs assignment, and from reviewing the An Intangible Example 

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Download An Intangible Exampledocument recommended resource.

Using the elements you identified in the DaregeanGrix scenario in Week 2 for justification,

  • Build a table with approximate costs associated with each of the elements in the company’s current environment.
    • Some of these should be actual (tangible) costs and some should be implied (intangible) costs (e.g., customer satisfaction, employee satisfaction, efficiency, etc.).
  • Weigh the tangible costs and the intangible improvements that the new technology will bring to the organization using a narrative format and contextual reasoning.
  • Create a justification for the solution using the intangible elements the solution will provide.
  • Explain how these elements have a significant impact on the organization, employees, and customers.

Remember that your goal is to be able to justify a possible investment using intangible benefits in a new technology in which there is little in the way of traditional return on investment (ROI) to lean on.

The Value of Intangible Benefits assignment

 

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