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Casual Articles - Business Collaboration Through Real Value Chains
Hiring the right bartender makes a huge difference in operating a successful and profitable bar. A bartender who is fast, efficient, outgoing, able to up sell and suggest higher priced options and keep customers entertained will make for a very successful bar operation. The opposite is obviously true for a bartender lacking these skills.As a new bar owner, you probably don’t want to spend the time and energy training a brand new bartender- you will be better off finding one who already has the skills. Even better, find a bartender who alr
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficu
Most businesses are like African baboons – these furry fellows race through the cornfields, picking corn and stuffing it under their arm. As fast as they stuff the corn under their arm, it falls out the back, but they keep on picking and stuffing! By the time they get to the edge of the cornfield, they are carrying one corncob and they’ve left a trail of corn on the ground. This is how many entrepreneurs handle customers. They’re so busy getting new ones that they neglect and lose their existing customers out the back door. Attrition spiral
We hear a lot these days about problems with business collaboration. There is talk of a business chain to create shared value. I see contrived methods to link raw materials to a finished product that are called value chains, but they are chains with no value links. I have never seen a working example of successful business collaboration across a defined value chain. I have never even seen a real value chain established within the confines of a company. Does any company have a value chain linking all they do across the company that manages value, cost, and value-added at each link in the chain to come up with their own shared value at the end? If we cannot create a value-chain within one company, how can we hope to create a value-chain across companies?
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficul
Freelancing is a great way to work from home. Freelancers do anything from writing to graphic design to computer programming. They are often hired by businesses (small and large) for a particular project. It’s a win- win situation.The small business owner gets his website up and running, or his press release written without having to create a new position in his company to get the job done.The Freelancer gets to do what he or she loves to do from home. The big question is how do the business owner and freelancer find each other? They
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficu
One option in going into business is to buy a going operation. The advantage over starting from scratch is, of course, that there are more facts to work with than a business which exists only on paper. To turn this into an advantage, the prospective buyer of a small business must know how to gather the data relevant to the decision, and how to use them to make the right choice.The buyer should begin by trying to predict with some confidence the future of the business:What factors affect sales? How are these market factors varying? Wh
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficu
I encourage each of you beef cattle breeders to consider these four steps in your Beef Cattle Marketing program.BUILD THE RIGHT PRODUCT There is no question that the most important thing in seedstock marketing is to develop the right product. That product is cattle with the kind of genetics that satisfy customers, solve problems and make money. To do this a breeder not only needs good cattle, he must also define a primary market area and learn what the majority of potential customers within that area need and want. And this is not a on
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficu
So, you have decided to enter the exclusive field of business flying. Congratulations! Before you go further, have you done all the research that you can to find out all the details that you need to know about this exciting field? Some people say that business aviation is a mystery compared to working for the airlines and, in many ways, they are correct. To take the mystery out of everything, this handy little guide will help point you in the right direction.FAA -- All that you need to know about the regulatory side of business aviat
Conventional 20th century methods prevent definition of true value chains
Conventional methods do not provide a way to define the precise links in the chain. Collecting costs is difficult even within one company since the high-worth capital is “intangible”, many costs are “unknown”, and capital is rarely managed as capital that incurs costs to create value. Costing is even more difficult across companies, since partners structure the capital consumed differently, and charge costs to different wrong things.
To create shared-value, we need to understand value across a value chain. To understand value across the chain, we need to understand the links in the chain and how costs are incurred and value is created. We must understand the relative value of the links to the total value of the chain. Conventional methods prevent us from doing this, by managing contrived entities rather than the components of a value chain.
R-pM enables definition of true value chains
Result-performance Management (R-pM), enables value chains by defining and managing the components of a chain. R-pM crea
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