Agility, Innovation, Business Value Amplification From How to WOW: Q&A
Our webinar Agility, Innovation, Business Value Amplification From How to WOW considered how the combination of innovation and agility can produce business value while aligning service. Attendees learned how they can drive change for innovative and disruptive transformation. Here, the presenter continues the conversation with this Q&A session.
1. How is business value determined? Is it through SWAT analysis?
Business value, as suggested by Wikipedia, is all forms of value that determines the well-being of the firm in the long run and goes beyond the economic value. The components are as follows:
- Shareholder value
- Customer value
- Employee knowledge
- Channel partner value
- Supplier value
- Managerial value
- Societal value
The most popular tool to determine the business value is the “4 Boxes Balance Scorecard”:
2. Who and what determines the health and well-being of the firm in the long run? Will it be change of company strategy or SWOT?
Business value determines the well-being of the firm in the long run. The components and the tool for measuring business value is as discussed in Question 1. The balance scorecard can be linked to strategy maps, which eventually leads to modifications of the organizations strategy.
3. In regards to Slide 9, what
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