To perceive and preserve multifaceted "business value," identify stories on the basis of the "strategic" or "tactical" value, the management needs to have a very clear idea of the overall "value proposition."
People value: Generally speaking, business value lies in existing customers' satisfaction, attracting new customers, employee engagement & performance, lower risk, avoiding waste etc. Value Management is about satisfying the expectations and the resources to achieve them. Not all business value is directly related to return on investment, people value is crucial in the personalized digital era. For example, the true value of an employee is demonstrated when the employee brings the advanced mindset, attitude, knowledge, skills, and professional capabilities that translates into expected performance outcomes.
Alliance value: Usually, problem-solving is complex and scalable in the hyperconnected business environment. It’s not so easy to count on one individual or one team to change or innovate. More often than not, it’s a cross-boundary collaboration and requires strategic alliance to solve problems smoothly and amplify its impact. Partnership management is both art and science. It’s not easy to estimate the value & cost of an alliance objectively. Communication, partnership, collaboration, governance, and value analytics, etc, all of these need to be effective to have invaluable alliance and strong relationship management.
Brand value: The value of contemporary business is multilateral. Corporate brand is one of the most invaluable soft assets of the company. Some business development activities may deliver little to no ROI financial value for the short term, but it helps to build a strong business reputation or brand in the long run. The value-based management needs to be driven by concepts like multidimensional collaborative value or collective advantage and multi-layer ROIs. Understanding the importance of cultivating a high performance culture and developing a strong business reputation offers more added values because it helps you create a strong corporate brand and improve customer relationships. Great value management accelerates value-added innovation.
To perceive and preserve multifaceted "business value," identify stories on the basis of the "strategic" or "tactical" value, the management needs to have a very clear idea of the overall "value proposition"; discovering and unleashing hidden business value is also crucial to explore new possibilities, better ways to do things, refine those raw gems into the differentiated advantage, and reach the high level of organizational maturity.
Alliance value: Usually, problem-solving is complex and scalable in the hyperconnected business environment. It’s not so easy to count on one individual or one team to change or innovate. More often than not, it’s a cross-boundary collaboration and requires strategic alliance to solve problems smoothly and amplify its impact. Partnership management is both art and science. It’s not easy to estimate the value & cost of an alliance objectively. Communication, partnership, collaboration, governance, and value analytics, etc, all of these need to be effective to have invaluable alliance and strong relationship management.
To perceive and preserve multifaceted "business value," identify stories on the basis of the "strategic" or "tactical" value, the management needs to have a very clear idea of the overall "value proposition"; discovering and unleashing hidden business value is also crucial to explore new possibilities, better ways to do things, refine those raw gems into the differentiated advantage, and reach the high level of organizational maturity.
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