Focused on commercial values

Assignment Help Operation Management

Reference no: EM132295323

Value Management should not only be focused on commercial values, which environmental values are also necessary to be taken into account. According to Shen and Yu (2012), preceding literature was wrongly viewed value management as a cost reduction tool. However, today, VM needs to consider the different stakeholders’ technical and economic needs and requirements in relation with environmental and social aspects that imply on sustainable considerations. They further stated that "VM is a proactive, creative, problem-solving and problem-seeking task, which maximizes the functional value of a project by managing its development from concept to use". The Institute of Value Management (2014) expresses that the strategy of value is placed on the relationship among the fulfilment of varying needs and the resources demanded to accomplish them. The requirements and needs may possibly incorporate features such as good quality product, durability, easy to maintain, user friendly, affordable, etc.

Develop your thoughts on value management and sustainability concepts in the early stages of setting up a strategy for environmentally friendly supply at your organization?

Could VM do any help to overcome with some of the financial issues associated with implementing the environmentally friendly supply at the organization?

Reference no: EM132295323

Questions Cloud

Introduce the tuition reimbursement plan : Starbucks, would you have recommended that it introduce the tuition reimbursement plan or instead use the same budget to raise hourly workers’ wages?

Relevant legislation for disciplinary meetings : What steps would you take to counsel the employee in accordance with organisational policy and relevant legislation for disciplinary meetings?

Speech protected by the first amendment : Which of the following is NOT speech protected by the First Amendment? Constitutional law/Court procedure question.

Describe dholbachs argument for why we do not have freedom : Describe D'Holbach's argument for why we do not have freedom of will, even though it might appear to us that we do. Is he right?

Focused on commercial values : Value Management should not only be focused on commercial values, which environmental values are also necessary to be taken into account.

Assess a generic product and a brand name product : Discuss the benefits segments for both products and whether or not you would purchase either product again. Identify and explain key points and examples.

Discuss at least one corporate social responsibility : Discuss at least one corporate social responsibility and one ethical issue that a firm may be challenged with.

Why the organization and project type were selected : Executive summary that explains why the organization and project type were selected along with a justification of the importance of this effort.

Business writers appreciate messages : Business writers appreciate messages that are clear and understandable. Proofreading and evaluating your work will help you compose messages that are clear,

User Account

All Pages