IDEAS home Printed from https://ideas.repec.org/h/spr/sprchp/978-3-031-19975-2_3.html
   My bibliography  Save this book chapter

Value-Based Management: The Guiding Principle for SCM

In: Competitive Supply Chains

Author

Listed:
  • Enver Yücesan

    (INSEAD)

Abstract

To provide operational guidance, the concept of “value” must be defined in a concise fashion. This chapter adopts a financial perspective in defining value using the construct of free cash flow, which provides a single scoreboard for the entire organization. This construct is then cascaded through the organization in a consistent fashion by identifying the key drivers of value that are within the responsibilities (hence, accountability) of the different entities within the organization. With a common language, decision-makers in different parts of the organization can see the impact of their local decisions on the global mission of the organization, namely value creation. As a result of this broader perspective, decision-makers can assess trade-offs and ensure that all parts of the organization are “rowing in the same direction.”

Suggested Citation

  • Enver Yücesan, 2023. "Value-Based Management: The Guiding Principle for SCM," Springer Books, in: Competitive Supply Chains, edition 3, chapter 3, pages 25-40, Springer.
    • Handle: RePEc:spr:sprchp:978-3-031-19975-2_3
    DOI: 10.1007/978-3-031-19975-2_3
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:spr:sprchp:978-3-031-19975-2_3. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sonal Shukla or Springer Nature Abstracting and Indexing (email available below). General contact details of provider: http://www.springer.com .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.