NEO Shop Talk September 22nd, 2017
CategoriesCategories Contact Us Archives NEO Main Site Search

Nov

20

Date prong graphic

ROI in MLA News

Posted by on November 20th, 2008 Posted in: Library Value


In the October, 2008 issue of the MLA News, Terrance Burton presented a quick overview of how the business, dollor-based Return on Investment approach (profit gained from invested dollars) can be expanded to a view of what value is derived from whatever inputs you choose to work with.  This can be more relevant in the library world, where profit is not the main point.  In fact, in many health-related institutions served by libraries, profit is not the main point.  Money is indeed invested in libraries, but it can be challenging to assess the outputs from that investment.  Burton suggests that we identify outcomes that we want to measure, use a mix of approaches (quantitative, qualitative, speculative), and accept that any measure will be flawed.  Despite flaws, using mixed approaches can provide various indicators to bolster a case.

Image of the author ABOUT susan


Email author Visit author's website View all posts by

Subscribe to our blog!

Archived Posts

This project is funded by the National Library of Medicine (NLM), National Institutes of Health (NIH) under cooperative agreement number UG4LM012343 with the University of Washington.

NNLM and NATIONAL NETWORK OF LIBRARIES OF MEDICINE are service marks of the US Department of Health and Human Services | Copyright | Download PDF Reader