Based upon the recommendations you plan to make for your week six written assignment, use the attached spreadsheet to create a financial case for your recommendations. Return on investment template.xlsxIn your posting, describe your recommendations and attach the return on investment spreadsheet with your costs and benefits. The following resources may help you:
Video: Return on investment explains calculating return on investment, which is critically important before choosing specific IT initiatives.
Article: Return on investment explains return on investment.
As part of this week’s discussion board I would like to discuss about various financial concepts involved in any business. Firstly, I would like to state few words about Return on Investment (ROI) as the name suggests it is related to return’s which are gained as part of a single or multiple investment. It is a scale on which the return can be measured against the total cost which was put into the business.
Thinking caps tutoring is the business case study which I have chosen for my week 6 written assignment. It is a business based on one-on-one tutoring for students from middle school to high school level’s. Training students for exams like SAT along with supporting their school educational purposes. It is willing to expand while maintaining the quality of services provided.
Recommendation’s which I have considered are creating a tutor panel which is a management software tool used to manage the tutors efficiently in terms of their schedule, pay, time of work and most importantly student reviews. Second recommendation which I would like to describe is intelligent match software tool which uses a technology where data is collected from the student and his needs are thoroughly analyzed and is assigned a specific tutor who can efficiently cater to those needs. It would also help in knowing what more interest’s students and how those interests can be fined tuned to steer student in the right direction towards a fruitful career. For example, if student’s data on previous year school grades is collected it would help in forming a clear picture of his weak subject areas along with their strong hold’s which would then be passed on to their respective tutor for maintaining a proper balance in training. Third recommendation would be word of mouth. Several marketing strategies like social media, television add would be employed to spread the word of this company tutoring services.
I feel these would enable this company in achieving a good Return on Investment.