Your Corporate Value Policy
| What is Corporate Value Policy?
A visual record of acceptance by the highest management
of a company.
Why a Corporate Value Policy?
To clearly indicate corporate support and commitment.
Who Needs a Corporate Value Policy?
Value Management will be a staff function and will
require a strong policy statement to get cooperation from line functions.
|
|
Objective and Purpose
- To set up the staff function.
- Provide for assistance in relating to other line elements.
- Set up budget.
- Show strong corporate leadership.
- Set up accountability.
- Sustain positive effort.
What does a Value policy statement contain?
- A statement of compliance with government specifications and contractual
requirements.
- Establishes Value programs in each division.
- Sets goals, suggestion:
3% of sales
A most effective means to accomplish this is through the issuance of a
Corporate Policy statement.
- Describes the essential elements of a Value program:
- suitable positions with functional responsibility;
- selection and appointment of qualified personnel;
|
- broad educational programs in Value techniques;
- establish and implement procedures and controls to minimize all unnecessary
product costs;
- definitions (as required).
Goals and Objectives
The goals and objectives of the VM Staff are:
- Training
- Motivation
- Techniques development
- Prepare Value Change Proposals (VCPs)
Responsibilities of a VM Staff
There are generally two categories of responsibilities
for the VM Staff:
- Those peculiar to VM:
- Function identification;
- Job Plan/Structured methodology;
- Proposal implementation.
- Advance the art:
- Broaden use;
- Extend benefits.
|
