return-on-effort

Vocabulary Word

Definition

Return-on-effort measures what you achieved from your action or work. If you put in a lot of effort into a project and have a successful result, then your return-on-effort is high.

Examples in Different Contexts

In the tech industry, 'return-on-effort' might reflect the user adoption rate after implementing a new feature. A product manager could observe, 'The return-on-effort for the new user interface was high, with double the daily active users.'

Practice Scenarios

Marketing

Scenario:

The recent advertising efforts haven't brought in satisfactory results. It is important we adjust our marketing model to better reach our audience.

Response:

Sure, understanding the return-on-effort from our advertising efforts will help us in shaping our updated marketing model.

Innovation

Scenario:

Our last project did not generate the desired growth. We need a fresh perspective for our next innovation drive.

Response:

You're right. We must critically look at the return-on-effort for our past projects to better inform our strategy moving forward.