Successful organizations can face considerable challenges in generating value, especially when business models are tested and tried in turbulent times. VSM is one way to be prepared
Understanding where challenges to the value creation process begin and viewing in context of different organizational models underscores why value stream management is such an effective solution
An organization with complex operation can have multiple value streams that deliver value to other value streams. Value stream management can interconnect these value streams so they can be optimized.
VSM can help organizations overcome the challenges of silos, process gaps and visibility. When value, work and goals are interconnected between different levels, the benefits of VSM begin to emerge.
VSM can be a game-changing for overcoming challenges of working, process gaps, and limited visibility. It can improve understanding of the value generated, work progress and resource utilization.
Value streams exist in many forms. They can be one or two seamless streams covering everything or many different streams at many different levels. Here’s an example of VSM in action with a bank.
It is important to understand the background and fundamentals of VSM and how it fits in with capturing value across an organization.
The first in a series of blogs that examine the drivers of business success and failure and how present-day organizations can learn from history. Where we are now: A shrinking competitive landscape Something is definitely different. Companies y...