Optimizing Data-to-Learning-to-Action: The Modern Approach to Continuous Performance Improvement for Businesses

© Steven Flinn 2018

Steven FlinnOptimizing Data-to-Learning-to-Actionhttps://doi.org/10.1007/978-1-4842-3531-7_7

7. Total Value

Steven Flinn¹ 

(1)

Brenham, TX, Brenham, Texas, USA

 

In the last chapter, we reviewed how the expected value of the learning that influences a decision in a data-to-learning-to-action process can be quantified. This chapter will introduce the concept of total value, which includes learning value, and describes how optimizing expected total value across an organization’s portfolio of investment opportunities is the path to optimizing the organization’s long-term performance.

Total Value

Projects and activities such as building a new manufacturing plant or hiring people are investments that are expected to generate value for the ...