The Effort Model Can Be the Top Model in Your Life

Raphael H Cohen

Chapter 10 in Pre-Project Excellence, 2024, pp 105-120 from Springer

Abstract: Abstract This chapter focuses on the effort required to deliver the customer experience. The effort is defined by the Scope of the project, the required Activity Chain and the Resource model. The Activity Chain describes all the activities that are necessary to successfully implement the project and obtain the desired results. A suitable Activity Chain requires good mastery of the Industry Key Activity Ingredients and the principles of success in choosing a successful business model. This chapter emphasizes the importance of sustainable profitability, a compelling proposition to the target market, real and easily communicable Benefits, and the need for competitive advantages. The chapter also highlights the significance of making strategic trade-offs, aligning objectives with available resources, and the role of the Resource model in generating resources to satisfy Stakeholders’ Aspirations. Since ISO 56007 focuses on project selection criteria and resource investment compatibility, the content of this chapter can be used to implement ISO 56007 by providing insights into the Effort model and analyzing possible options for generating resources to satisfy Stakeholders’ Aspirations.

Keywords: Effort; Effort model; Business model; Sustainability; Compelling proposition; Benefits; Competitive advantages; Strategic trade-offs; Resources; Opportunity cost; Economic model; Resource model; Stakeholders’ aspirations; Activity chain; IpOp Model; Pre-project; ISO 56007 (search for similar items in EconPapers)
Date: 2024
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:spr:fuobcp:978-3-031-61774-4_10

Ordering information: This item can be ordered from
http://www.springer.com/9783031617744

DOI: 10.1007/978-3-031-61774-4_10

Access Statistics for this chapter

More chapters in Future of Business and Finance from Springer
Bibliographic data for series maintained by Sonal Shukla () and Springer Nature Abstracting and Indexing ().