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Value management and innovation

Value management and innovation – The purpose of this paper is to provide a holistic and comprehensive historical perspective of the evolution of value management, and to illustrate the impact that value analysis can have on innovation within organizations. Design/methodology/approach– A review of published material from credible sources describing the evolution of the value management methodology, and a desktop analysis of 35 documented value management case studies illustrating the role of value management in innovation. Findings– Published descriptions of the evolution of value management are incomplete and fragmented. A holistic and comprehensive historical perspective of value management as a value-adding methodology is provided. Mapped against a model for innovation, value management is shown to contribute substantially to innovation within organizations across a variety of contexts. Value management is currently evolving into a powerful approach to strategic planning. Practical implications– This paper illustrates the contribution of value management to innovation across a variety of industries and contexts. Originality/value– The paper provides a holistic and comprehensive historical perspective of the evolution of value management as a methodology, and demonstrates by mapping selected case studies onto a model of innovation impact, that the method is a powerful and versatile approach to obtaining innovative solutions to organizational problems. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Journal of Engineering, Design and Technology Emerald Publishing

Value management and innovation

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Publisher
Emerald Publishing
Copyright
© Emerald Group Publishing Limited
ISSN
1726-0531
DOI
10.1108/jedt-03-2013-0021
Publisher site
See Article on Publisher Site

Abstract

– The purpose of this paper is to provide a holistic and comprehensive historical perspective of the evolution of value management, and to illustrate the impact that value analysis can have on innovation within organizations. Design/methodology/approach– A review of published material from credible sources describing the evolution of the value management methodology, and a desktop analysis of 35 documented value management case studies illustrating the role of value management in innovation. Findings– Published descriptions of the evolution of value management are incomplete and fragmented. A holistic and comprehensive historical perspective of value management as a value-adding methodology is provided. Mapped against a model for innovation, value management is shown to contribute substantially to innovation within organizations across a variety of contexts. Value management is currently evolving into a powerful approach to strategic planning. Practical implications– This paper illustrates the contribution of value management to innovation across a variety of industries and contexts. Originality/value– The paper provides a holistic and comprehensive historical perspective of the evolution of value management as a methodology, and demonstrates by mapping selected case studies onto a model of innovation impact, that the method is a powerful and versatile approach to obtaining innovative solutions to organizational problems.

Journal

Journal of Engineering, Design and TechnologyEmerald Publishing

Published: Mar 2, 2015

Keywords: Innovation; Value analysis; Value management; Value; Value engineering

References