Value Engineering, Part I – Introduction to Value Engineering

The Harvard Case Study Solution provides a concise and detailed account of the techniques used by Warren Buffet, David Rockefeller, and others in their pursuit of increasing shareholder value. It is a practical approach to providing detail on value measurement. The book takes a quantitative approach and then explains why this is so critical to managing effectively. It is an excellent resource for business executives or students of business.

This book is one of the best programs to help management decide what metrics to use in order to make decisions in terms of what to measure and how to measure. A strong case study is presented at the end to explain the techniques used and why it is important to have a clear understanding of what the metrics are. The information will provide guidance for both long-term and short-term decision making.

The author discusses what value engineering involves as well as how those who participate in economic activities seek to improve the profitability of their company. Value engineering encompasses all aspects of the company from the most simple to the most complex.

The author explores three areas that support economic activities: measurement, investment, and governance. In this regard, it appears that some of the best value engineers are those who understand and use measurement tools as well as economics. For example, Warren Buffet, through his Berkshire Hathaway and General Electric, has taken great interest in investment, management, and other aspects of management.

There is no doubt that the pursuit of profit is at the heart of value engineering. The author provides a helpful analysis of how such values have been measured throughout history and the many interpretations of value that exist today. A clear explanation of a measurement process for companies is presented and useful examples are presented to show how they are applied in practice.

On the other hand, economic activities are important and some economic activities are not related to any other. For example, the environmental analysis by companies in order to protect their products may include the promotion of renewable energy and environment. The Harvard Case Study Solution includes this and other examples.

Value engineering has become an integral part of modern management because it is useful in creating value for shareholders. For example, management may invest in time or money in order to produce a product. Those actions may produce profit but they may also increase shareholder value.

A close reading of the book is very helpful in understanding why value engineering should be considered part of management. It illustrates the various ways that management can use this approach. It also includes the different types of investment strategies.

It includes a summary of several cases used to illustrate the elements of value engineering including that of Warren Buffet and David Rockefeller. They both understood that it is possible to create value without any investment at all. It is a practical approach that is useful for financial and non-financial companies.

By providing a clear description of how this value is created, as well as examples of investments and economic activities, the book creates an excellent introduction to the subject of value engineering. It is a more formal approach than just reviewing techniques, but it also provides details on companies who have implemented value engineering.

At the same time, this is a detailed examination of the problems in business-cycle management and economic activities. Both of these are areas where value engineering is applicable and helpful.

Value engineering is an important and fascinating subject. It is a specialized area which will be of great value to managers and practitioners in all industries. The material in this book is easily adaptable for almost any industry.