Dealership's management must be innovators in today's competition. They must increase customer satisfaction by creating Value-Added service and product and also increase total dealership profit. The basic premise of using “Value-Added” is also called Common Sense Management (CSM). CSM can be then defined as: A business is a system of resources used for creating value. Management's function in the business is to find ways to increase system productivity, where system Productivity = Value Created divided by Resources Expended ( ). This is a relatively easy formula to learn, but not many businesses today live by it. Value-added management (VAM) is then the system that seeks to increase value while simultaneously eliminating waste. VAM can include a variety of quality tools and processes, such as total quality management (TQM), value-based decision making, and reengineering. Most businesses still live by traditional management techniques that emphasizes strict financial measurements and controls. The system productivity formula stresses to business managers that their decisions must be value-based; in other words, Common Sense Managers make decisions that:Add value to their customerEliminate waste


    Access

    Check access

    Check availability in my library

    Order at Subito €


    Export, share and cite



    Title :

    Increasing the Value of Innovative Car Dealership's Management


    Additional title:

    Sae Technical Papers


    Contributors:

    Conference:

    SAE International Congress and Exposition ; 1997



    Publication date :

    1997-02-24




    Type of media :

    Conference paper


    Type of material :

    Print


    Language :

    English




    Increasing the value of innovative car dealerships management

    Nprdgren,W.E. / Sanders,D.M. / Voss,K.P. et al. | Automotive engineering | 1997


    Method for increasing aircraft effective value

    COX JOSEPH J | European Patent Office | 2021

    Free access

    Method for Increasing Aircraft Effective Value

    COX JOSEPH J | European Patent Office | 2016

    Free access

    Method for increasing aircraft Effective Value

    JOSEPH J COX | European Patent Office | 2016

    Free access

    Increasing the Operational Value of Event Messages

    Li, Zhenping / Savkli, Cetin / Smith, Dan | NTRS | 2003