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13 examples of added business value by BVOP.org

Business Value-Oriented Principles Ltd (BVOP) has created 13 themes for adding business value to organizations, teams, products, and projects.

The topics are published in The BVOP Ultimate Guide, chapter What is Business Value, BVOP.org 2018

The BVOP Ultimate Guide, chapter What is Business Value, BVOP.org 2018

Relationships between business and people

Paramount both outside the organization (eg business – customers) and within the organization (eg management – employees, employee – employee). Reference: Managing business organizations and adding business value. An Agile Manager’s Guide to the Theory of BVOP.org ISSN: 1941-8280 2019 Vol. 2

Organizational culture – here I would add the vision, the values, the idea that motivates the employees in the company to work.

Human resources – the right human resources are the most important thing for a company to be successful.

Usability, usefulness, and value of the products – it is important that the product that the company produces provides value to customers in order to have a market and sales. Reference: Business Marketing: Understand What Customers Value, hbr.org

Customer and customer satisfaction – also very important for the development of the company in the future.

Innovation

Work processes

Time to reach the market

Behavior, skills, and maturity of employees

Human relations

Reduction of surpluses in the organization and among the teams (time, money, labor)

Shortened production processes

General contribution

Table of Contents

Main examples of BVOP added business value with explanations

Organizational culture

Organizational culture provokes people to be proactive, to contribute, to share, and to be aware of the business goals of the organization. Reference: Business value in organizations and adding business value to projects and products, EduWiki.me Educational Online Encyclopedia, 2020

What would be required to achieve such a result:

Clearly defined messages to employees about the values ​​and ideals of the company, as well as sharing the vision for development, ways to achieve it, transparency in the individual stages and activities of all departments, as well as periodic information about their progress and presentation of results. In this way, the company’s employees will be aware of what is happening in the company and what they and their department have contributed to its well-being. Every contribution is important. Evaluating the work of the employee increases his motivation, as well as the clear direction of development of the company and awareness, create a sense of community and empathy with the goals of the company. Reference: Examples of Business value-added for organizations, projects and products, mstsnl.net, 2020

Modernization and innovation.

What would be required to achieve such a result:

In order for a company to succeed in today’s highly competitive environment, it is very important for it to develop, to modernize not only its products, but also to optimize production processes, and also to strive to create new ways and / or products that they will put it one step ahead of the competition and / or create new value for customers.

People in the organization show respect for each other and work productively.

What would be required to achieve such a result:

Here, clearly defined and distributed duties and responsibilities, transparency in work, very good planning of activities, awareness of employees are critical. This will create a calm and open work environment with clear goals and expectations and will reduce conflicts, even in the presence of interpersonal ones.

The number of people leaving the organization is limited to a minimum.

What would be required to achieve such a result:

Good strategic planning for the development of the organization as a whole, as well as its activities in order to be able to predict employment and timely development of its staff. Also, item 3 is essential for the well-being of people and reduces dissatisfaction and/or the desire to leave.

Conflicts and negative environments are minimized.

What would be required to achieve such a result:

Openness and awareness of employees. Very good planning of activities and clearly defined duties and responsibilities. Good attitude to all employees, regardless of the position they hold. Same principles for employee evaluation.

The image of the organization increases.

What would be required to achieve such a result:

Outside the company – purposeful work with clients, a special attitude towards key clients. Quality products and good service. Creating opportunities for the company’s participation in charitable activities.
Within the company – creating a favorable working environment and good feedback from employees for the company.

Everyone in the organization is constantly improving their personal and professional qualities.

What would be required to achieve such a result:

Creating a good work environment. Regular communication by the management with the employees. High level of awareness, taking into account their contribution. Providing systematic training for employees and communicating the meaning of them. All this is of paramount importance for creating motivation on the part of employees for personal development.

Team members seek and remove obstacles without waiting for management to do so.

What would be required to achieve such a result:

High motivation of employees, ensuring a high degree of independence and autonomy in the work. Providing opportunities for taking responsibility. Good teamwork.

Management and team members work together to optimize processes and speed up development time.

What would be required to achieve such a result:

Leadership skills on the part of management to lead its employees. Understanding activities and processes. Vote of confidence in the team members and open communication on all issues.

Costs are managed and planned carefully.

What would be required to achieve such a result:

Very good understanding, on the one hand, within the company – of activities and processes, as well as human resource management, and on the other hand, outside the company – of the business environment, as costs are always directly related to revenues.

The tools and the environment are constantly improving.

What would be required to achieve such a result:

Strategic understanding of the goals and development of the company in the future and skills for analysis, evaluation, and strategic changes in activities and processes in order to improve them.

Unnecessary documents, processes, and communications are avoided.

What would be required to achieve such a result:

Very good understanding of all activities and their interaction within the company in order to eliminate or optimize processes.

The main causes of problems, defects, and obstacles are analyzed, tracked, and eliminated.

What would be required to achieve such a result:

Desire and time for self-analysis and criticism, a good understanding of processes and activities, skills for adaptation to the changing environment.

Quality standards are followed and implemented without significant loss of time and resources.

What would be required to achieve such a result:

Good process planning and interaction in the implementation of activities with the possibility of adaptability in order to avoid or optimize possible problems.

Fatigue is managed and teams do not spend too much time on trivial tasks.

What would be required to achieve such a result:

Good management of activities and knowledge of processes in order to optimize them.

The documentation and requirements are created and maintained in an easy and convenient style so that everyone understands them with ease and saves time from unnecessary discussions and misunderstandings.

What would be required to achieve such a result:

Understanding the business, the goals of the company, the processes in it, and the activities it performs.

Meetings and discussions do not lead to a waste of time and always lead to desired results.

What would be required to achieve such a result:

Good advance planning, clear meeting plan, clear tasks set, deadlines, and responsible for each task.

Product development focuses on the most important goals and needs.

What would be required to achieve such a result:

Awareness of market needs and advantages of competing products, on the one hand, information analysis skills and, on the other hand, knowledge of the company’s products and their capabilities, in order to focus on the most important in product development.

All results, concepts, and versions of the products are validated with real users, and the risk of an unwanted product is limited.

What would be required to achieve such a result:

Very good knowledge of the market and consumers, knowledge of the possibilities and functionalities in the creation of products, good planning of product development, timely communication with consumers in the creation of products, flexibility of thinking, and processes in the creation of products.

Customer and user satisfaction are constantly growing.

What would be required to achieve such a result:

Quality products with potential for constant development and improvement, good service, timely delivery.

Organizational stability and activities

Financial stability of the company – a consequence of precise cost and revenue management, good knowledge of the market, strategic planning of activities and activities, increasing sales.

Careful selection of quality staff – in order to provide fresh ideas for the development of the company.

Targeted marketing activities – customer awareness, increasing the value of the company’s brand.

Managers are skilled leaders – essential for ensuring employee satisfaction, successful planning of activities and processes, good interaction in teams.

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