Jay, C I and Bowen, P A (2015) Value management and innovation: A historical perspective and review of the evidence. Journal of Engineering, Design and Technology, 13(1), pp. 123-143.
Abstract
Purpose – The purpose of this paper is to provide a holistic and comprehensive historical perspective of the evolution of value management, and to illustrate the impact that value analysis can have on innovation within organizations. Design/methodology/approach – A review of published material from credible sources describing the evolution of the value management methodology, and a desktop analysis of 35 documented value management case studies illustrating the role of value management in innovation. Findings – Published descriptions of the evolution of value management are incomplete and fragmented. A holistic and comprehensive historical perspective of value management as a value-adding methodology is provided. Mapped against a model for innovation, value management is shown to contribute substantially to innovation within organizations across a variety of contexts. Value management is currently evolving into a powerful approach to strategic planning. Practical implications – This paper illustrates the contribution of value management to innovation across a variety of industries and contexts. Originality/value – The paper provides a holistic and comprehensive historical perspective of the evolution of value management as a methodology, and demonstrates by mapping selected case studies onto a model of innovation impact, that the method is a powerful and versatile approach to obtaining innovative solutions to organizational problems.
| Item Type: | Article |
|---|---|
| Uncontrolled Keywords: | innovation; value analysis; value management; value; value engineering |
| Index terms: | methodology, mapping, evolution, evidence, value engineering, value analysis, strategic planning, value management, case study |
| Subjects: | value management, data collection methods, evaluation and assessment methods, environmental science, spatial and geospatial analysis, research methods, management, financial analysis |
| Topics: | Value Management, Research Practice, Business Strategy, Cost Management, Sustainability |
| Descriptive scope: | 5 PCTEA |
N.B. Descriptive scope is a count of how many of the five facets of empirical research are indicated by the words used in title, abstract and keywords. It is not intended as a judgement on the research; merely a count of the kind of word we would expect to indicate Phenomenon, Concepts, Theoretical framing, Empirical techniques, Analytical techniques. If all five are present, then a code of “5 PCTEA” will indicate this. If you feel the coding for this record is questionable, we welcome discussion around the terms we matched or the way we categorized them. The facet you would expect may not be coded, or a facet may be coded inappropriately. This can also bear on a larger question, of which facets should be treated as defining in construction management research. Please get in touch, and we will look at it. More details here