Value Creation And The Pursuit Of Multi Factor Productivity Improvement

WOODHEAD, Roy and BERAWI, Mohammed Ali (2020). Value Creation And The Pursuit Of Multi Factor Productivity Improvement. International Journal of Technology, 11 (1), 111-122.

[img]
Preview
PDF
Woodhead Value Creation And The Pursuit Of Multi Factor Productivity Improvement.pdf - Published Version
Creative Commons Attribution Non-commercial No Derivatives.

Download (660kB) | Preview
Official URL: http://ijtech.eng.ui.ac.id/article/view/3364
Related URLs:

    Abstract

    This paper links Value Management to macro-economics to explore transformational innovation. It borrows from economics and the relationship between technological progress and rising living standards for citizens. Central to this is seeing 'technology' in a wider sense than devices. What makes this paper different is it attempts to link Government spending on capital projects directly to economic growth in an economy. Whilst macroeconomists use historic data, this paper applies those theories to the conceptual stages of capital-projects to become part of a Government's investment appraisal process. As such, this paper outlines a 'how to' approach that will help Governments prefer Foreign Investments that lead to long-term economic growth. The hope is that this paper will stimulate other researchers to replicate the methodology and in so doing open a new direction for innovation methodologies such as Value Engineering and Value Management that link capital projects to growth in GDP.

    Item Type: Article
    Identification Number: https://doi.org/10.14716/ijtech.v11i1.3364
    Page Range: 111-122
    SWORD Depositor: Symplectic Elements
    Depositing User: Symplectic Elements
    Date Deposited: 16 Jan 2020 11:35
    Last Modified: 31 Jan 2020 09:47
    URI: http://shura.shu.ac.uk/id/eprint/25347

    Actions (login required)

    View Item View Item

    Downloads

    Downloads per month over past year

    View more statistics