Value-Based Management: The Guiding Principle for SCM

Enver Yücesan
Additional contact information
Enver Yücesan: INSEAD

Chapter 2 in Competitive Supply Chains, 2007, pp 11-24 from Palgrave Macmillan

Abstract: Abstract VBM is playing an increasingly significant role in shaping corporate strategies. Since the key mission of SCM is to develop and deploy effective solutions to enable the deployment and execution of corporate strategies, SCM should also adopt a VBM perspective. VBM-based SCM has therefore two intertwined dimensions, as depicted in Figure 2.1. On the one hand, VBM should enable value creation through product and/or process innovation, both of which should drive a customer’s WTP. While product innovation may enable the deployment of niche strategies, process innovation may lead to cost leadership. In both cases, however, innovation plays a key role in differentiating a firm from its competitors or in avoiding the commoditization of its products and services.

Keywords: Supply Chain; Supply Chain Manager; Free Cash Flow; Operational Driver; Economic Profit (search for similar items in EconPapers)
Date: 2007
References: Add references at CitEc
Citations:

There are no downloads for this item, see the EconPapers FAQ for hints about obtaining it.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-59836-2_2

Ordering information: This item can be ordered from
http://www.palgrave.com/9780230598362

DOI: 10.1057/9780230598362_2

Access Statistics for this chapter

More chapters in Palgrave Macmillan Books from Palgrave Macmillan
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().