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Why we need to change ROI – today
This article is part of the MicroScope issue of July 2023
We’ve all experienced it: that eye-roll moment when someone brings up return on investment (ROI) as the sole indicator of success or justification during a sales and marketing meeting. And it’s no surprise, considering that the term has been bandied around for nearly a century since its inception in 1914. But times have changed, and businesses today look vastly different. So, why do we still rely on this outdated and antiquated practice to measure our organisations, teams and budgets? The corporate landscape has undergone significant transformation and it’s time we shift our thinking. The primary issue with ROI is that it focuses solely on economics – it only assesses the financial elements of a deal, campaign or initiative. However, as partner marketers, we understand that achieving business growth and boosting sales is like an iceberg; the part you see (and measure with ROI) is only a fraction of the activity and time that goes into winning a deal. It’s not that ROI lacks usefulness; it remains a highly effective way to ...
Features in this issue
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The pressure to be cutting edge in the channel
The industry is good at encouraging customers to buy the latest and greatest tech, but the channel often has to pick up the pieces when expectations fail to be met
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Dell UK boss talks of channel benefits
The recently appointed senior vice-president and general manager of Dell Technologies UK shares an update and discusses the major themes in the market