Return on Time Invested (ROTI) is a subjective metric used to amaylze the productivity and efficieny of time spent for a certain activity, project, or product made. Unlike return on investment (ROI), which calculates the financial capital gained, ROTI evaluates the value gained from time spent on an activity compared to the time invested in it.[citation needed] While the criterions for how worth was the time spent are subjective to different companies and organization, the main ones include information sharing, decision making, problem solving and work planning.[citation needed]
Calculation
editSpecific calculation of ROTI can vary depending on the context, a general (Value of Outcomes / Time Invested) x 100 formula can be expressed as: ROTI = Total value or Output obtained / Total time invested.[citation needed]
After a meeting
editSome organizations use the ROTI method to evaluate meetings and further improve them.[1]
Areas
editSee also
editFurther reading
edit- Tracy, Brian (2007). Time Power: A Proven System for Getting More Done in Less Time Than You Ever Thought Possible. AMACOM. ISBN 978-0814474709.
- Chernev, Alexander (2014). The Marketing Plan Handbook. Cerebellum Press. ISBN 978-1936572397.
- Vaden, Rory (2015). Procrastinate on Purpose: 5 Permissions to Multiply Your Time. Penguin Publishing Group. ISBN 978-0399170638.
- Fryrear, Andrea (2020). Mastering Marketing Agility: Transform Your Marketing Teams and Evolve Your Organization. Berrett-Koehler Publishers. ISBN 978-1523090983.
- Robache, Maxime (2020). Mettre en place et manager le télétravail : 20 outils pour co-construire la performance collective et la qualité de vie. EYROLLES. ISBN 978-2212574937.
References
edit- ↑ "A strategy to deal with disruption". 22 October 2018. Retrieved 14 August 2024.
- ↑ Eades, John (10 September 2018). "Why You Should Be More Worried About Your 'Return on Time' Instead of Investment". Inc. Retrieved 10 June 2024.