Value Based Management
In order to improve enterprise value, an organization must align its business pratices and its vision, its mission and its values.
The PerformOne Value Based Management (VBM) process is designed to improve enterprise value both the public and private sector. VBM aligns business pratices with the vision, mission and values of the company.
The PerformOne VBM methodology is not only aimed at the executive level during formulation of the company's competitive strategy, but also focuses on how to successfully implement the strategy through the participation of the workspace. This is done through storyboarding workshops at executive and middle management levels and through personal interaction and training with managers and employees at all levels.
The PerformOne VBM process has three stages,covering the current situation,the future and bridging the gap
VBM implementation starts with a review and an analysis of the enterprise and its business environment, both internal and external. The main objective of this exercise is to answer the question: What do we look like now?
Knowing what the enterprise and the external environment looks like allows us to identify opportunities and threats as well as internal strengths and weaknesses. This S.W.O.T. analysis allows us to pinpoint improvement areas. During this phase, results of customer, employee, competitive and environmental surveys are used as input.
This phase consists of revisiting, revising or even developing vision and mission statements as well as establishing a value system. Although this process starts with the Executive team, the CRGroup approach ensures that a shared vision is created as the process involves all levels of the organization. This will ensure buy-in and the focus needed for the implementation of the strategy.
You know where you are. You know where you want to go.
In order to get to where you want to go, a gap analysis is conducted to determine what has to be done. Based on the results of the gap analysis, a core strategy and well-defined goals are formulized. These are company specific and indicate how the future is going to be realized; they prepare the organization to successfully execute their strategy.
Contact us to learn more about our unique approach to Value Based Management.
See our case studies for some real world examples of our approach.