Value-Directed Management: Organizations, Customers, and Quality

(Hardback)

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Description

Arogyaswamy and Simmons combine the technique of value analysis and the concept of the value chain to build a perspective on value that is at once comprehensive and practical. They provide a methodology for formulating value-based strategy as well as a system for managing the value-directed organisation. The management system proposed is based upon the high value Just-In-Time (JIT) and Total Quality Control (TQC) principles successfully deployed by numerous Japanese (and more recently American) firms. In a sense, this book brings together the American and Japanese streams of value creation. Essentially, the authors argue that accepting, and indeed increasing, interdependence "within" activities (design, operations, marketing) is imperative in order not only to create value but also to build the value-creating organisation. Effective integration "among" activities is the second key ingredient, while involvement by de-emphasising power-based relationships - by providing knowledge and information, as well as the opportunity and the desire to use both - is the third requirement, and one that makes the process of value creation self-sustaining. The authors discuss the cultural traits most conducive to value enhancement and specifically tackle the ingraining process. The measurement of improvements both in value-as received and in the process of value indicators to assess progress in value creation are proposed. Being a judicious how-to, why-to amalgam, the book should appeal equally to executives and managers seeking to install value as a guide to action, as well as to graduate and advance undergraduate students seeking the rationale underlying value management.

Author Bio

BERNARD AROGYASWAMY is Associate Professor of Strategy and Policy at Le Moyne College. He has industrial experience, particularly in the electric power industry. He has published numerous articles in such journals as the Journal of Management, Journal of Managerial Issues, and Production and Inventory Management, and has contributed chapters to a variety of edited works. RONALD P. SIMMONS is Vice President, Manufacturing, at DVC Industries. He has experience both as a manufacturing executive and as a consultant in the implementation of value-based systems.