Homework: Current Intangible Business Costs
o Review the articles or webpages: Intangible Assets: They're Not What You Think They Are, Intangible Values: The Building Blocks of Purpose, 28 Examples of Intangible Things and Selling Intangibles: How to Sell What the Customer Can't See.
o Review the Intangible Benefits 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,
1. Analyze at least three intangible costs associated with the DargeanGrix Business Scenario.
2. Explain the aspects that comprise the intangible elements.
3. 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.
4. 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
Format your homework according to the give formatting requirements:
a. The answer must be double spaced, typed, using Times New Roman font (size 12), with one-inch margins on all sides.
b. The response also includes a cover page containing the title of the homework, the course title, the student's name, and the date. The cover page is not included in the required page length.
c. Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.