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 languageEnglish
    Title of host publicationTFV as a strategic tool
    Number of pages688
    Place of PublicationLima, Peru
    PublisherPontificia Universidad Catolica del Peru
    Publication date2011
    Publication statusPublished - 2011
    Event19th Annual conference for Lean Construction - IGLC 2011 - Lima, Peru
    Duration: 13 Jul 201115 Jul 2011

    Conference

    Conference19th Annual conference for Lean Construction - IGLC 2011
    CountryPeru
    CityLima
    Period13/07/201115/07/2011

    Keywords

    • Financial model
    • Strategy
    • Business approach
    • Transformation-Flow-Value

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