Identifying and implementing the right process improvement methodology, is the engine that results in a Value Based Management approach that is successful. The end result of this stage of VBM, should be an increase in company value that is tied to company goals. Company value can be defined in qualitative or quantitative metrics and is improved by reducing […]
One of the keys to successfully implementing VBM is to have the right team to execute the methodology. This means finding people with the right kind of experience, background & knowledge, which is usually a tricky challenge impacted further by industry type, organization size and/or project scope. In addition it is important to find team members who are unbiased with a neutral […]
In my previous article I briefly touched upon the 2 components of Value Based Management i.e. Change Management and Improvement Processes. Both components of VBM need to work together to ensure the desired outcome is achieved. A well defined solution and implementation plan without the right change environment or vise versa will not result in […]
Having spent many years in the management consulting world, I have noticed that while there are several management strategies used by enterprises, the one that seems to have a good rate of success is ‘value based management (VBM)’. VBM effectively provides leaders with factual information to make decisions that are impactful. This is not just a theoretical discussion, […]
