Driving Value Creation Through Proper Design of Goal Realization Frameworks
Author(s) -
van Oijen Pieter
Publication year - 2020
Publication title -
journal of creating value
Language(s) - English
Resource type - Journals
eISSN - 2454-213X
pISSN - 2394-9643
DOI - 10.1177/2394964320938220
Subject(s) - realization (probability) , value (mathematics) , process management , knowledge management , key (lock) , computer science , focus (optics) , value creation , work (physics) , business , engineering , computer security , physics , machine learning , mathematics , statistics , mechanical engineering , optics
Organizations have become increasingly aware that customer value creation is critical to remain relevant and to stay in business. Hence, most organizations have incorporated these elements into their overall mission statement and their organization-wide strategy. Yet many of them struggle to create an organization where employees focus effectively on executing the formulated strategy and on delivering and continuously improving customer value. This article describes how clever and tailored design of goal realization in organizations can foster value creation and embed it in the daily work routines of employees. The key to success is to adopt goal realization in such a way that it creates an environment where employees feel safe, empowered and confident to go after aspirational, value-based goals while creating alignment and connecting employees to the overall goals and objectives of the organization. This is illustrated in a practical manner by presenting the framework as adopted by Google.
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