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 business domain, 'return-on-effort' could indicate the success of a marketing campaign versus the time and resources invested. A marketing director might comment, 'Our digital campaign's return-on-effort was astounding, with a 200% increase in engagement.'

Practice Scenarios

Business

Scenario:

Our resource allocation across the divisions needs reassessment. Incremental progress might be key with a considerate restructuring.

Response:

Indeed, reevaluating our resources and understanding the subsequent return-on-effort of each business unit would aid this restructuring.

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.