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The essence of Value Business is that it represents an internal analysis of a business in comparison to its competition and provides it with tools and systems which lets it set realistic targets, reduce costs, measure the impact of decisions and backs up management instincts with facts that are essential in today's ever increasing competitive World. The Business can interact with its whole environment: customers, suppliers, shareholders, employees, using proven timely and actual facts. ![]() Fig.2 Value Business Focus and Integration Value Business - A Pedigree: Combining the Worlds All Time Best This can seem like another "hot new answer". But looking closer, there is a significant difference: It is not a business fad tied to a single method or strategy, but rather a flexible system for improved business leadership and performance. Value Business builds on many of the most important and current management ideas and best practices of the past century, creating a new formula for the 21st century business success. ![]() Fig.3 Value Business Power and Teeth Behind the Value Chain Value Business is a tool set for business improvement designed for the SME that has been adapted from the very same tools used by the World's best organisations. These tools for the first time have been made available for the SME in an affordable way and can be applied across all industries. The core tools used in Value Business are:
The Business Snapshot: (Know where you are before you move) is Performance Track's foundation product and is quick and easily applied health check that compares a business' performance with any peer group. Over or under Performance in any area is easily apparent and analysed. Strategy and action plans are derived to improve under performance, or exploit or 'balance' over performance. The "Snapshot" covers financial, management (supplier, internal, customer), people and business excellence benchmarks to give a fast and comprehensive Performance view of any organisation by way of Performance Indicators or Ratios. Benchmarking (Set a Target to Beat the leaders) best practices in detail are used specifically to compare and improve businesses key processes in conjunction with the Six Sigma improvement project. What can you really do if you try…
The Balanced Scorecard (Strategy, Control, Set, Manage, Report, Goals) is included in Value Business has been used to present Key Performance Indicators (KPI's) from the snapshot and benchmarking in a manner that tells the story of the company's strategy. Action plans have to be implemented in the most effective way. This format enables a businesses management to have effective control over a business by setting goals and objectives throughout the organisation aligned with strategy. As importantly as this, it promotes teamwork and integration, an essential ingredient for better information flows, and future growth. Lastly the Balance Scorecard is the latest and best way to present this strategy information, and is being adopted by the best companies. This means your key customers and suppliers are likely or soon to be using this method, and this will aid communication and service between your businesses. Speaking and Understanding the Same Language is the key to gaining knowledge and ability - an open standard serves to promote this.
The Six Sigma methodology (Execute your Plan and Make Money) is the practical method to set plan into action. This is the best tool today that combines all thinking to-date on TQM (Total Quality Management), and delivers a proven system of excellence that's focus is to deliver more profits. On an 80/20 basis actions based around Key Processes are implemented that have the most benefit to customers in relation to a company's overall strategy and constraints. Process and Product Quality is King. The best organisations in the world are using this fast spreading technique because it works.
The very competitively priced Value Business product can include:
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