Current Intangible Business Costs
Current Intangible Business Costs
Review the weekly lecture.
Review the DargeanGrix Business Scenario Download DargeanGrix Business Scenariodocument.
Review the articles or webpages: Intangible Assets: They’re Not What You Think They AreLinks to an external site., Intangible Values: The Building Blocks of PurposeLinks to an external site., 28 Examples of Intangible ThingsLinks to an external site., and Selling Intangibles: How to Sell What the Customer Can’t See.Links to an external site.
Review the Intangible BenefitsLinks to an external site. entry.
Using the DargeanGrix Business Scenario document, evaluate the current costs of the situation to the organization. Provide a breakdown of the costs and the risks to the organization in the situation. Remember that costs are not only hard costs or dollar related; consider the intangible costs of reputation, perception, and lost productivity due to inefficiency, frustration, stress, mental health, workarounds, and any other kind of intangible cost. Remember that these intangible costs may not be readily quantifiable. However, you can include a narrative with examples that support these aspects. Your goal is to develop the ability to think beyond return on investment (ROI) and traditional costs as justifiers for new ideas.
In your paper,
Analyze at least three intangible costs associated with the DargeanGrix Business Scenario.
Explain the aspects that comprise the intangible elements.
Evaluate the impact of each of the intangibles to DargeanGrix and to DargeanGrix’s business processes and assign a cost to each.
The cost may be a monetary one or it may be another form of valuation.
Justify each of the assigned costs with a narrative explaining your rationale for each element.
Although not required, a table may be useful for visualizing the aspects.
The Current Intangible Business Costs paper
Must be at least three to four double-spaced pages in length (not including title and references pages).
Must include a separate title page with the following:
Title of paper
Student’s name
Course name and number
Instructor’s name
Date submitted
Reference
Heitman, W. (2016, July 19). Intangible assets: They’re not what you think they areLinks to an external site.. CFO. https://www.cfo.com/accounting/2016/07/intangible-assets-theyre-not-think/
Terry-Cobo, S. (2009, August 24). Selling intangibles: How to sell what the customer can’t see.Links to an external site. GreenBiz. https://www.greenbiz.com/blog/2009/08/24/selling-intangibles-how-sell-what-customer-cant-see
Kruse, T. (2019, January 30). Intangible values: The building blocks of purposeLinks to an external site.. BRM Institute. https://brm.institute/intangible-values/
Spacey, J. (2018, November 14). 28 examples of intangible thingsLinks to an external site.. Simplicable. https://simplicable.com/new/intangible-things
iSixSigma. (n.d.). Intangible benefitsLinks to an external site.. In Lean Six Sigma Dictionary. https://www.isixsigma.com/dictionary/intangible-benefits/
Paper Format: APA
NUMBER OF PAGES: 3
Answer preview to Current Intangible Business Costs
APA
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