Assessment of Value-Driven Management Practices in Small and Mid-sized Companies: A Methodological Approach
Year: 2025
Type: article
Abstract: This paper aims to provide a methodology for value-driven management (VDM) and stress its centrality in increasing organisations’ operating performance, strategic fit, and stakeholders’ involvement. Existing VDM frameworks primarily prepared for the large enterprises overlooking the resource constraints and structural limitations of SMEs. Hence, the research unfolds this concern of applying VDM through empirical findings. This outlines two operational strategies comprising of reactive and proactive which help organisations to be able to operate in the dynamic market environment. The relationship between technology adoption and value realisation is discussed with an attempt to present that technology is not a solution itself but a means of creating value. Furthermore, the paper also explores the relationship between value chains and business ecosystems and the need for their application in enhancing the flow of operation strategies. Thus, presenting the Value-Driven Assessment Methodology designed for SMEs this work outlines three phases: scoping, emerging design, and concept development disapproval of using only quantitative and qualitative assessments. In doing so, this research can help better understand how VDM can be positively impacted and practiced in smaller organisations leading to enhanced capabilities of creating sustainable competitive advantage and business success.
Source: IFAC-PapersOnLine
Language: English
Subfield: Strategy and Management
Domain: Social Sciences
Open Access status: diamond
OpenAlex ID: W4414567884