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- Title
DEVELOPING A VALUE ENGINEERING MODEL FOR A STATE-OWNED ENTERPRISE.
- Authors
Sewdayal, S.; Pellissier, R.
- Abstract
In this study, a value engineering model for state-owned enterprises was developed using a mixed-method approach, focusing on a South African state-owned enterprise. Key findings highlighted that strong management support, a supportive value engineering culture, an effective value engineering methodology, and an efficient value engineering team are vital enablers for successful value engineering implementation in state-owned enterprises. The study further emphasised the importance of recognising differences between stateowned enterprises and private organisations, as they require tailored value engineering approaches. In addition, the research explored factors influencing value engineering success, identified state-owned enterprise specific barriers, and provided recommendations. These findings offer unique insights into state-owned enterprises, aiding decision-makers, managers, and practitioners. Applying the model and recommendations can enhance state-owned enterprise performance, efficiency, and value realisation.
- Subjects
VALUE engineering; GOVERNMENT business enterprises; ENGINEERING models; FREE enterprise
- Publication
South African Journal of Industrial Engineering, 2024, Vol 35, Issue 1, p20
- ISSN
1012-277X
- Publication type
Article
- DOI
10.7166/35-1-2972