The value of libraries

Return on Investment analysis graph

Image via Wikipedia

This is possibly one of the greatest challenges for all the cultural institutions: trying to express the intangible, long-term social effects of their presence in the dollar terms that current culture seems to demand. ‘Good’ is just not good enough any more.
clipped from www.oclc.org
 

How valuable can libraries become?

By Andy Havens and Tom Storey

In the current economic climate, every dollar spent in support of libraries—whether public, academic, school or special libraries—is being more closely scrutinized than ever. In these circumstances, value calculations and Return on Investment (ROI) tools can provide powerful arguments for continued funding. In most cases, a snapshot of the value that your library provides will necessarily look backward, taking into account current services and resources. But are there ways to calculate value going forward? In an information landscape that seemingly changes from day to day, a view of your library’s future value may be an important consideration for budgetary analysis and planning.

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About Susan
Converging ICTs, multidisciplinarity, making knowledge and making meaning.

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