Extension-led leadership programs provide economic benefits. Historically, evaluators have struggled to quantify these benefits as compared to costs. Further, leadership programs have both public and private value, which are difficult to quantify. To address gaps in understanding the value of leadership development programs, we quantified the economic benefit of the McLeod for Tomorrow leadership program. Through an alumni survey and a mind-mapping session, we collected data on the program’s public and private benefits. Our findings show that each dollar invested creates $5.60 in economic benefit and that public value exceeds private value. Our article provides insights into methods for quantifying benefits of Extension programs, regardless of specialization or location.
|Original language||English (US)|
|Number of pages||16|
|Journal||Journal of Extension|
|State||Published - Aug 2020|
Bibliographical notePublisher Copyright:
© 2020 Extension Journal Inc.
Copyright 2020 Elsevier B.V., All rights reserved.
- economic benefit
- leadership programs
- mind mapping
- public value