What should you do with the outcomes that are not economic a

What should you do with the outcomes that are not economic and may not be translated using monetary unit? (The answer can be more than one choice)

You can not compare them if you can not quantify the alternatives

Change the view point of the problem

Quantify the expected future results.

Describe consequences explicitly for decision maker in the comparison of the alternatives

Solution

Change the view point of the problem

Describe consequences explicitly for decision maker in the comparison of the alternatives

Let us take an example. Suppose we are talking of impact of an employee leaving from job. It is difficult ot quantify it. We can look at it from perspective of loss of goodwill. We can also look at it from the angle of impact on other employees. Somewhat we can get an estimate of expected loss in profit or revenue due to his departure.