Understanding Value (Part I) – “Mind the map”

Like a map for a large complex journey, working in the 21st century economy requires both a comprehensive understanding of multiple areas / subjects and a deep understanding of a few specialty topics. Now more than ever, executives need a cross-functional / multidisciplinary ‘meta’ definition of value and a holistic process to translate / coordinate / align alternative definitions of value across organizational boundaries. They need the Integrated Value Process (IVP) to optimize value flows to achieve / maintain competitive advantage. Read More

Integrated Value Management: “Mind the flow!”

In order to understand value, one needs a robust theory of value (conceptual intelligence), a way of properly specifying value (encoded intelligence), an effective way to communicate value (emotional intelligence), and a way to decide which actions / activities to undertake (experiential intelligence).  One needs to integrate or synthesize all four areas to be effective – for value to flow.   Moreover, individuals across the organization need to do so simultaneously in order for value to flow across the organization and / or value stream. Read More