return on competitiveness (ROC)
A nomenclature and philosophy that goes beyond the traditional return on investment (ROI) concept by focusing the metric or calculation on how competitiveness is affected by investment. A good way to visualize and quantify the overall return on IT competitiveness is to build a spider diagram that identifies and maps all the relevant dimensions of competitiveness within a given industry sector, and then measure the changes in the overall mapping area during a given time interval (e.g., a year).
- Part of Speech: noun
- Industry/Domain: Technology
- Category: Information technology
- Company: Gartner
0
Other terms in this blossary
Creator
- consultant
- 100% positive feedback
(New York - NY, United States)