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In a move destined to change the working habits of managers, a management consultancy has launched an innovative new management tool, ValueMapping™, that allows managers to work smarter, enhance their productivity and boost their profits.
Aberdeen, Scotland (PRWEB) May 15, 2003 -- In a move destined to change the working habits of managers, a management consultancy has launched an innovative new management tool, ValueMapping™, that allows managers to work smarter, enhance their productivity and boost their profits.
ValueMapping™ was created by Business Excellence International Ltd as a result of their dis-satisfaction with the management tools currently available to help small businesses. “I felt that a lot of the “off the shelf” tools did not meet manager’s needs. I wanted to develop a framework that would enable managers to cut through all the extraneous demands on their time, identify and focus on the critical value drivers in their business—and boost productivity and profits,” commented BEI Managing Director, Dr Andrew Jack.
The core ValueMapping framework has been refined with more than 100 companies over 5 years. The development of ValueMapping™ was supported by the Small Business Service (SBS) section of the UK's Department of Trade and Industry. Over the last year ValueMapping™ has been used within a dozen companies in the UK—to widespread acclaim.
Richard Affleck, MD of Boaters, a leading manufacturer of own label and branded flavored coffees in the UK, used ValueMapping™ to help build the company’s international business. “ValueMapping™ enabled us to identify where we needed to focus to have the biggest impact on our profits. It helped bring opportunities into focus and grade them in terms of importance. As a result we have literally redefined our approach to our customers,” he says.
Some of the benefits achieved by companies who have used ValueMapping™ include:
·Increased business focus and productivity
·Improved margins and profitability
·Identification of new revenues /clients
·Improved customer loyalty
·Improved profitability through rationalizing unprofitable clients
·Successful capital raising for the business
·Definition/implementation of exit strategy
Business consultants have also used ValueMapping™ successfully with clients. “ValueMapping™ makes it clear where to target energy and time to create the biggest impact, to grow and increase value. In 20 years experience as a consultant, I have never seen a tool which enables companies to achieve positive change so quickly,” says John Adam, a UK based business advisor, who has used ValueMapping™ with many organisations.
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