What Is Value-Based Pricing?

Value Management (Value Management), also known as Value Based Management (VBM), is a value-based enterprise management method (usually refers to maximizing shareholder value). It refers to the widespread introduction of management behaviors in the enterprise. According to the organization's vision, the company sets certain values and beliefs that are in line with the vision and corporate culture, and is specifically implemented in the daily work of employees. Values and beliefs are the same, employees do not need to ask for instructions, perform work or solve problems directly.

Value management

Value Management (Value Management), also known as Value Based Management (VBM), is a value-based enterprise management method (usually refers to maximizing shareholder value). It refers to the widespread introduction of management behaviors in the enterprise. According to the organization's vision, the company sets a number of values and beliefs that are consistent with the vision and corporate culture.

The benefit of value management to the company is that it can not only inherit and implement the company's vision, but also set corporate employee codes, work creeds, etc., communicate at various levels within the organization, and unite the goals of the organization, group, group and individual into a common belief In order to increase the satisfaction of the life quality of the members of the organization, and ultimately do a good job in customer service, maintain the organization's competitiveness and achieve long-term career success.

The purpose of value management is to achieve:

Based on the formation and improvement of different corporate values, different corporate values have different definitions of corporate value content due to their different understandings of corporate values and methods of evaluating corporate values, thus forming a variety of values. Definition and content of management.

In 1994, when most corporate managers were fighting hard for a corporate strategy to create shareholder value in accordance with traditional performance standards, James M. McTaggart published a watershed work on value management theory, the "Value Command", and proposed the value management. Value) concept, has built a new structure of shareholder value management.

In particular, the discounted cash flow model proposed by Alfred Rappaport (1986) maximizes value not only as a management concept, but also as an operable management technology. Since then, value-based business management (VBM) has become a strategic decision and corporate governance , Process control, performance evaluation, and common voice in M & A expansion (Tang Guliang, 2003).

Value management

Due to the inherent richness and complexity of corporate value, people can observe or control the shareholder value and its formation process through different aspects. So far in value

Value management is not new. So far, it has gone through three stages of development: digital, strategic, and

in

In the new economic society, it is almost impossible to have a long-term

With the emergence of the company's control market in the 1980s, Value Management (VBM), which was based on the principle of value creation in classic economics, originated from malicious acquisitions in the company's control market, and became widespread in western developed countries in the 1990s Ground

At present, the research on value management mainly focuses on the concept and strategy, and focuses on the internal management of enterprises. The disclosure of value management information in the capital market is only fragmented and unsystematic. Due to serious defects in the disclosure of value management information, Makes the effective capital market far from being realized, making value management only the enterprise's

The idea of product value management (PVM) is based on the profit model, Product Management by D. Lehmann and Merle Crawford, and the SGS doorway management system, The latest product development and product management model established in 2002 is adopted by many small and medium-sized enterprises and global well-known brand companies in Europe, the United States, and Japan. PVM introduced the profit model and its design method in detail, focusing on customers, needs and markets. Based on competition and profit, from corporate vision, strategy implementation to product planning, around the product management and product life cycle axis, the whole process of new products from conception to commercialization is discussed, and the value chain and value based on business models are emphasized Flow analysis, reasonable strategy and strict evaluation procedures are the reliable guarantee for product innovation (development).