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With this in mind, a benefits evaluation framework that looks beyond ROI and takes into account the evolving nature of BIM by incorporating intangible benefits and indirect costs is presented and discussed.
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This extends the original view of the RBV framework to incorporate intangible resources that exist beyond the boundaries of individual firms (Molina and Dyer 1999).
Much like Phil and his desire to enter a new phase of life, corporate boards have begun to resist the scientific method and incorporate intangible and subjective elements into their executive hiring and evaluation practices.
These do not always incorporate the intangible, relational and tacit dimensions of care.
For the last several years, I have encouraged many founders to incorporate two intangibles into their own definition of minimum viable products: awareness for regulation and recognition for social impact.
They are not up to speed in incorporating investment in intangible activities such as R&D.
Therefore, supplementary methods may be needed for incorporating values for intangible and non-monetary factors in CBA (Prokofieva et al. 2011).
The ability to incorporate judgments on intangible qualitative criteria alongside tangible quantitative criteria makes AHP an ideal methodology to solve multiple criteria decision problems.
This approach to problem-solving is often too time consuming by policy-maker standards and, while intellectually rigorous, may fail to incorporate important political, economic, and intangible factors.
To capture these intangible factors in our model, we incorporated the composite variable of seasons.
A business gene is anything intangible that comprises useful economic information and that can be incorporated, alone or alongside other business genes, into a product or service, or into a vehicle that then provides the product or service.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com