TFV as a strategic tool

Sten Bonke; Sven Bertelsen

TFV as a strategic tool

Sten Bonke, Sven Bertelsen

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Abstract

The paper investigates the use of the Transformation-Flow-Value theory as a strategic tool in the development of the project production firm. When producing products such as ships, focus on value more than on cost may be the best approach, but in service industries such as construction, focus on flow may often be a far better approach than just looking at the costs. The paper presents a simple, general financial model to support this argument and not least to assist the reader in conducting similar analyses in his own company.

Original language	English
Title of host publication	TFV as a strategic tool
Number of pages	688
Place of Publication	Lima, Peru
Publisher	Pontificia Universidad Catolica del Peru
Publication date	2011
Publication status	Published - 2011
Event	19th Annual conference for Lean Construction - IGLC 2011 - Lima, Peru Duration: 13 Jul 2011 → 15 Jul 2011

Conference

Conference	19th Annual conference for Lean Construction - IGLC 2011
Country	Peru
City	Lima
Period	13/07/2011 → 15/07/2011

Keywords

Financial model
Strategy
Business approach
Transformation-Flow-Value

Access to Document

TFV as a strategic toolFinal published version, 63.4 KB

Cite this

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