Analysis of a Meta - Trade Study Interpretation of Decision- Making with a Value Proposition for Space Programs; My 2006 Presentation at the American Institute of Aeronatuics & Astronautics Conference: "Space Economic Analysis" Session
Conscious and rigorous employing of seemingly contradicting perspectives on any context can help us widen the universal set of possibilities leading to potentially better advice. This is what is reckoned as âbeing creative by designâ. Listed here are some of the perspectives (about objectives, strategy and execution) put forward by gurus that although contrarian to established thinking seems to be management true as well in specific contexts. For more writings, visit my website - http://www.sustaining-relevance.com/
Innovation is a necessity for B2B companies seeking growth. Yet, even game-changing innovation requires a careful assessment of how much customer value is created and ultimately captured in price. Otherwise, your company loses precious margin and the means to sustain future innovation.
Do you truly know how much value your innovations are providing to your customers?
LeveragePoint is delighted once more to have noted pricing thought-leader and author, Stephan Liozu share his practical experience and techniques for monetizing the differential value of innovation. He will discuss how industry leading companies embed value management into their new product development process.
Learn how to link innovation, customer value and pricing for your new products in 2013.
MEASURE UP: Measuring and Increasing Quality of HiresRecruitLadder
Â
The first in a series of white papers that investigates the metrics most used by recruiters. Discover best practices for measuring and making better professional-level hires. See how top recruiters are using performance metrics to enhance their effectiveness. Act now to receive the new "Measure Up" white paper.
Conscious and rigorous employing of seemingly contradicting perspectives on any context can help us widen the universal set of possibilities leading to potentially better advice. This is what is reckoned as âbeing creative by designâ. Listed here are some of the perspectives (about objectives, strategy and execution) put forward by gurus that although contrarian to established thinking seems to be management true as well in specific contexts. For more writings, visit my website - http://www.sustaining-relevance.com/
Innovation is a necessity for B2B companies seeking growth. Yet, even game-changing innovation requires a careful assessment of how much customer value is created and ultimately captured in price. Otherwise, your company loses precious margin and the means to sustain future innovation.
Do you truly know how much value your innovations are providing to your customers?
LeveragePoint is delighted once more to have noted pricing thought-leader and author, Stephan Liozu share his practical experience and techniques for monetizing the differential value of innovation. He will discuss how industry leading companies embed value management into their new product development process.
Learn how to link innovation, customer value and pricing for your new products in 2013.
MEASURE UP: Measuring and Increasing Quality of HiresRecruitLadder
Â
The first in a series of white papers that investigates the metrics most used by recruiters. Discover best practices for measuring and making better professional-level hires. See how top recruiters are using performance metrics to enhance their effectiveness. Act now to receive the new "Measure Up" white paper.
My slightly modified slides for a webinar I delivered March 21, 2015 for the "Global Connectivity Research Institute" related to the question: "What are Deep Strategic Thinking" and Leadership, and how to teach them.
The video of the webinar is at https://www.youtube.com/watch?v=tKNSu3kgg8U
-- Sign up for future GCRI Webinars at http://ThinkingStrategically.net
-- Podcasts are also available for download.
Estas sĂŁo as regras completa de Mordheim, que estĂĄ disponĂvel originalmente no site da Games Workshop, aqui ela foi unificada em um unico documento para facilitar a consulta.
Transforming Museums: Toolkit for ChangeElliot Felix
Â
Presentation from 2012 California Association of Museums workshop on "Transforming Museums" featuring a toolkit for organizations to use to change their spaces, operations, services, and culture.
Pearson HND BTEC Level 5 HNDManaging a Successful Business Pr.docxAASTHA76
Â
Pearson HND BTEC Level 5 HND
Managing a Successful Business Project (MSBP)
LO 1
[email protected]
Managing a Successful Business Project
Learning Outcomes
By the end of this module you will be able to:
Establish project aims, objectives and timeframes based on the chosen theme.
Conduct small-scale research, information gathering and data collection to generate knowledge to support your project.
Present your project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis.
Reflect on the value you have gained from conducting a project and its usefulness to support sustainable organisational performance.
LO1 : Establish project aims, objectives and timeframes based on the chosen theme.
P1 - Devise project aims and objectives for a chosen scenario.
P2 - Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources.
P3 - Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for completion.
What is project management and what does it involve?
What is project management and what does it involve?
Most firms day to day operations serve customers through a network of inter connecting business processes, as business volumes change, the loading on these processes can increase or decrease (Nokes et. al. 2003) and there is often a need for some adaption in each process.
There may be a cumulative effect of many adaptions just to change of one of the processes, and as markets are subject to rapid change firms cannot afford to wait for gradual adaptions to take effect, therefore projects are required to provide a structure for making changes at a faster rate.
Nokes et al suggests that â as markets increase and product cycles shorten the importance of projects will increaseâ. Projects are required to replace old and inefficient ways of doing things to methods better suited to modern market conditions.
Projects and the management of projects may be needed to tackle new problems.
Benefit of using case studies
In the aftermath of a series of acquisitions and mergers, a large financial services firm found itself attempting to operate with nearly seven hundred job titles for many similar positions due to the continued use of multiple legacy HR systems. The organization wanted to develop and implement a common set of job families and titles that could be used across the entire organization. Realizing the complexity of the task as well as a lack of internal expertise, they decided to seek external resources to carry out the work (Kaplan & Norton, 1996).
In order to begin developing a general overview of the projectâs scope and cost, it is often helpful to collect information about how others have approached the same issue. This can be done through informal benchmarking efforts, consulting with colleagues.
STAT4610 Project 5So You Want to be an EntrepreneurâINTROD.docxmckellarhastings
Â
STAT4610 Project 5
âSo You Want to be an Entrepreneur?â
INTRODUCTION
Starting a new business can be an exciting adventure! Who doesnât want to find themselves at the top of the next Microsoft, Apple, Facebook, Myspace, Instagram, Beanie Babies, Pet Rocks, Roto-Rooter, Enron, WorldCom, (OK, you get the point!)?
The problem with starting a new business is it carries an inherent amount of risk. (OK, a considerable amount of risk!) One-third of businesses fail within the first two years, and over half are gone in five years. Thatâs a waste of a significant amount of toil, sweat, intellectual effort, creativity, andâoh yesâcapital! Failed businesses have stripped entrepreneurs of their life savings (and the savings of others) for millennia, but the successes have also lined the pockets of a lot of savvy investors.
Since most people canât afford to fund their own startups, a popular strategy involves convincing others to get behind your great idea. Venture capital funds are always willing to chase the next big thing, but unfortunately there is a limit to the patience of the worldâs check-writers, and most of them didnât get rich without recognizing when it is time to cut losses.
There is hope, however! Analytics can help every new business set realistic expectations for their investors, and in fact are essential in the formulation of a business plan. Because of the uncertainties involved with startups (in terms of costs, timelines, returns, rates of success, etc.) it is often difficult to forecast the progression of a new venture, but with a sufficient knowledge of the field and the tasks required, a simulation can frequently get an entrepreneur into the right ballpark. Sometimes this is enough to start the money flowing!
PROJECT OVERVIEW
In this project you will develop a business plan for an Angel Investor in order to secure funding for your new startup. You will require funding until the point that your company generates a profit and is actually able to return capital (or positive equity) to its investors. Expenses may include payroll for developers or designers, facilities and infrastructure, marketing and sales, purchasing or collecting data, research, and a variety of other costs that you may want to identify. Obviously, you will have to identify a viable product around which to build your company, and if youâre stuck without an idea, feel free to go back to your Gateway Course and build a business around app development. Finally, you will need to determine the cost of executing your business plan across this timeline in order to secure sufficient funding.
[As an aside, the particular product or service is not essential to this projectâyou may use something developed in another course, some cool idea that you might have in mind, or something entirely fictional.]
You may make any assumptions you want concerning the availability of personnel (whether you will be required to hire them or if they are already onboard as part .
Vision, Role, Mission, Goal: a framework for business motivationTetradian Consulting
Â
This presentation outlines a framework and method to describe business motivation within business architecture and enterprise architecture.
[Copyright (c) Tetradian Consulting 2007]
What Makes America Great Essay: What to Write About Pro Essay Help. United states essays: examples, topics, questions, thesis statement .... Are Immigrants Good for the Americans? - Free Essay Example PapersOwl.com. Essay Writing Assignment Why Writing an Essay Is So Hard?. Sample Essays For Us Colleges - Sample College Admission Essays. Step-By-Step Guide to Essay Writing - ESL Buzz. The Impact Of Immigration On The United States Essay Examples. Constitution Essay Final Draft - The Constitution During the drafting .... POS - Final Essay United States Constitution Democracy. Essay Samples and Examples in USA My Assignment Services. Write Esse: Us college essay examples. American Essay Writer - Essay Writing Service. Essay structure sample. How To Write A Discursive Essay: Structure .... 021 10067 Thumb College Education Essay Thatsnotus. u s history- mid-term essay Politics Of The United States United .... American flag essay 87,000 free term papers and essays. Let America Be America Again Essay Telegraph. - How to Write a Why Us? Essay - Part 2. AMERICA Sample essay, Essay, Writing. How to Write the quot;Why Usquot; Essay College essay examples, College essay .... Write Essay Free Online / How to Write a Remarkable Essay Infographic .... What us an essay. US Essay Write
The Business Strategy that Makes Competition Irrelevant, Blue Ocean StrategyFlevy.com Best Practices
Â
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/the-business-strategy-that-makes-competition-irrelevant-blue-ocean-strategy/
Blue Ocean Strategy is growth strategy framework focused on the idea of creating an uncontested market spaceâi.e. a âblue ocean.â This framework is very innovative, as its principles challenge the conventional business strategy principles of fighting competitors head-on. The Blue Ocean Strategy framework evolved from a framework called Value Innovation developed by Gemini Consulting (now Capgemini Consulting) in the late 90s.
Blue Ocean vs. Red Ocean. Whatâs the meaning behind the name?
In red oceans, our efforts are focused on the conventional logic that we must outpace the competition with a better solution to a given problem. Blue ocean strategy invites us to redefine the problem itself. It does so by breaking the value-cost trade-off in view of creating new uncontested market places. Places where no one has been and where we would be the one defining the rules!
The Analytical Tools & Frameworks
The strategy canvas is both the start and the end point of a Blue Ocean Strategy formulation. An initial value curve depicts where the industry competes on and invests in. It is then transformed via the eliminate-reduce-raise-create actions framework. The resulting value curve shows a focused effort that diverges from existing market offerings and can be easily translated into a compelling tagline.
Core Underlying Principles
Venturing beyond an existing industry space implies a series of risks. The blue ocean strategy approach to strategy is based on six principles that cater for the major risks of a new market creation project: search risk, planning risk, scale risk, business model risk, organizational risk and management risk. Together, they define the underlying philosophy of blue oceans.
Flevy is the marketplace for premium business documents, such as business frameworks , PowerPoint templates , financial models , and more . We have two beautifully crafted presentations focused on explaining the Blue Ocean Strategy framework here on Flevy:
A complexity approach to managing technology enabled business transformation ...Mikkel Brahm
Â
Practical experience on how transformation change supposedly should work according to orthodox theory - and how I experience to work out in practice including recent experience of scaled lean agile in Nordea.
Creating a Product Roadmap - Product Strategy SeriesMike Biggs GAICD
Â
How to create a product roadmap using the Roman Pitchler's framework.
The presentation also discusses how and where it fits into the broader process, including some suggested parallel activities which provide meaningful tension.
#PRODMGMT
My slightly modified slides for a webinar I delivered March 21, 2015 for the "Global Connectivity Research Institute" related to the question: "What are Deep Strategic Thinking" and Leadership, and how to teach them.
The video of the webinar is at https://www.youtube.com/watch?v=tKNSu3kgg8U
-- Sign up for future GCRI Webinars at http://ThinkingStrategically.net
-- Podcasts are also available for download.
Estas sĂŁo as regras completa de Mordheim, que estĂĄ disponĂvel originalmente no site da Games Workshop, aqui ela foi unificada em um unico documento para facilitar a consulta.
Transforming Museums: Toolkit for ChangeElliot Felix
Â
Presentation from 2012 California Association of Museums workshop on "Transforming Museums" featuring a toolkit for organizations to use to change their spaces, operations, services, and culture.
Pearson HND BTEC Level 5 HNDManaging a Successful Business Pr.docxAASTHA76
Â
Pearson HND BTEC Level 5 HND
Managing a Successful Business Project (MSBP)
LO 1
[email protected]
Managing a Successful Business Project
Learning Outcomes
By the end of this module you will be able to:
Establish project aims, objectives and timeframes based on the chosen theme.
Conduct small-scale research, information gathering and data collection to generate knowledge to support your project.
Present your project and communicate appropriate recommendations based on meaningful conclusions drawn from the evidence findings and/or analysis.
Reflect on the value you have gained from conducting a project and its usefulness to support sustainable organisational performance.
LO1 : Establish project aims, objectives and timeframes based on the chosen theme.
P1 - Devise project aims and objectives for a chosen scenario.
P2 - Produce a project management plan that covers aspects of cost, scope, time, quality, communication, risk and resources.
P3 - Produce a work breakdown structure and a Gantt Chart to provide timeframes and stages for completion.
What is project management and what does it involve?
What is project management and what does it involve?
Most firms day to day operations serve customers through a network of inter connecting business processes, as business volumes change, the loading on these processes can increase or decrease (Nokes et. al. 2003) and there is often a need for some adaption in each process.
There may be a cumulative effect of many adaptions just to change of one of the processes, and as markets are subject to rapid change firms cannot afford to wait for gradual adaptions to take effect, therefore projects are required to provide a structure for making changes at a faster rate.
Nokes et al suggests that â as markets increase and product cycles shorten the importance of projects will increaseâ. Projects are required to replace old and inefficient ways of doing things to methods better suited to modern market conditions.
Projects and the management of projects may be needed to tackle new problems.
Benefit of using case studies
In the aftermath of a series of acquisitions and mergers, a large financial services firm found itself attempting to operate with nearly seven hundred job titles for many similar positions due to the continued use of multiple legacy HR systems. The organization wanted to develop and implement a common set of job families and titles that could be used across the entire organization. Realizing the complexity of the task as well as a lack of internal expertise, they decided to seek external resources to carry out the work (Kaplan & Norton, 1996).
In order to begin developing a general overview of the projectâs scope and cost, it is often helpful to collect information about how others have approached the same issue. This can be done through informal benchmarking efforts, consulting with colleagues.
STAT4610 Project 5So You Want to be an EntrepreneurâINTROD.docxmckellarhastings
Â
STAT4610 Project 5
âSo You Want to be an Entrepreneur?â
INTRODUCTION
Starting a new business can be an exciting adventure! Who doesnât want to find themselves at the top of the next Microsoft, Apple, Facebook, Myspace, Instagram, Beanie Babies, Pet Rocks, Roto-Rooter, Enron, WorldCom, (OK, you get the point!)?
The problem with starting a new business is it carries an inherent amount of risk. (OK, a considerable amount of risk!) One-third of businesses fail within the first two years, and over half are gone in five years. Thatâs a waste of a significant amount of toil, sweat, intellectual effort, creativity, andâoh yesâcapital! Failed businesses have stripped entrepreneurs of their life savings (and the savings of others) for millennia, but the successes have also lined the pockets of a lot of savvy investors.
Since most people canât afford to fund their own startups, a popular strategy involves convincing others to get behind your great idea. Venture capital funds are always willing to chase the next big thing, but unfortunately there is a limit to the patience of the worldâs check-writers, and most of them didnât get rich without recognizing when it is time to cut losses.
There is hope, however! Analytics can help every new business set realistic expectations for their investors, and in fact are essential in the formulation of a business plan. Because of the uncertainties involved with startups (in terms of costs, timelines, returns, rates of success, etc.) it is often difficult to forecast the progression of a new venture, but with a sufficient knowledge of the field and the tasks required, a simulation can frequently get an entrepreneur into the right ballpark. Sometimes this is enough to start the money flowing!
PROJECT OVERVIEW
In this project you will develop a business plan for an Angel Investor in order to secure funding for your new startup. You will require funding until the point that your company generates a profit and is actually able to return capital (or positive equity) to its investors. Expenses may include payroll for developers or designers, facilities and infrastructure, marketing and sales, purchasing or collecting data, research, and a variety of other costs that you may want to identify. Obviously, you will have to identify a viable product around which to build your company, and if youâre stuck without an idea, feel free to go back to your Gateway Course and build a business around app development. Finally, you will need to determine the cost of executing your business plan across this timeline in order to secure sufficient funding.
[As an aside, the particular product or service is not essential to this projectâyou may use something developed in another course, some cool idea that you might have in mind, or something entirely fictional.]
You may make any assumptions you want concerning the availability of personnel (whether you will be required to hire them or if they are already onboard as part .
Vision, Role, Mission, Goal: a framework for business motivationTetradian Consulting
Â
This presentation outlines a framework and method to describe business motivation within business architecture and enterprise architecture.
[Copyright (c) Tetradian Consulting 2007]
What Makes America Great Essay: What to Write About Pro Essay Help. United states essays: examples, topics, questions, thesis statement .... Are Immigrants Good for the Americans? - Free Essay Example PapersOwl.com. Essay Writing Assignment Why Writing an Essay Is So Hard?. Sample Essays For Us Colleges - Sample College Admission Essays. Step-By-Step Guide to Essay Writing - ESL Buzz. The Impact Of Immigration On The United States Essay Examples. Constitution Essay Final Draft - The Constitution During the drafting .... POS - Final Essay United States Constitution Democracy. Essay Samples and Examples in USA My Assignment Services. Write Esse: Us college essay examples. American Essay Writer - Essay Writing Service. Essay structure sample. How To Write A Discursive Essay: Structure .... 021 10067 Thumb College Education Essay Thatsnotus. u s history- mid-term essay Politics Of The United States United .... American flag essay 87,000 free term papers and essays. Let America Be America Again Essay Telegraph. - How to Write a Why Us? Essay - Part 2. AMERICA Sample essay, Essay, Writing. How to Write the quot;Why Usquot; Essay College essay examples, College essay .... Write Essay Free Online / How to Write a Remarkable Essay Infographic .... What us an essay. US Essay Write
The Business Strategy that Makes Competition Irrelevant, Blue Ocean StrategyFlevy.com Best Practices
Â
Original article from the Flevy business blog can be found here:
http://flevy.com/blog/the-business-strategy-that-makes-competition-irrelevant-blue-ocean-strategy/
Blue Ocean Strategy is growth strategy framework focused on the idea of creating an uncontested market spaceâi.e. a âblue ocean.â This framework is very innovative, as its principles challenge the conventional business strategy principles of fighting competitors head-on. The Blue Ocean Strategy framework evolved from a framework called Value Innovation developed by Gemini Consulting (now Capgemini Consulting) in the late 90s.
Blue Ocean vs. Red Ocean. Whatâs the meaning behind the name?
In red oceans, our efforts are focused on the conventional logic that we must outpace the competition with a better solution to a given problem. Blue ocean strategy invites us to redefine the problem itself. It does so by breaking the value-cost trade-off in view of creating new uncontested market places. Places where no one has been and where we would be the one defining the rules!
The Analytical Tools & Frameworks
The strategy canvas is both the start and the end point of a Blue Ocean Strategy formulation. An initial value curve depicts where the industry competes on and invests in. It is then transformed via the eliminate-reduce-raise-create actions framework. The resulting value curve shows a focused effort that diverges from existing market offerings and can be easily translated into a compelling tagline.
Core Underlying Principles
Venturing beyond an existing industry space implies a series of risks. The blue ocean strategy approach to strategy is based on six principles that cater for the major risks of a new market creation project: search risk, planning risk, scale risk, business model risk, organizational risk and management risk. Together, they define the underlying philosophy of blue oceans.
Flevy is the marketplace for premium business documents, such as business frameworks , PowerPoint templates , financial models , and more . We have two beautifully crafted presentations focused on explaining the Blue Ocean Strategy framework here on Flevy:
A complexity approach to managing technology enabled business transformation ...Mikkel Brahm
Â
Practical experience on how transformation change supposedly should work according to orthodox theory - and how I experience to work out in practice including recent experience of scaled lean agile in Nordea.
Creating a Product Roadmap - Product Strategy SeriesMike Biggs GAICD
Â
How to create a product roadmap using the Roman Pitchler's framework.
The presentation also discusses how and where it fits into the broader process, including some suggested parallel activities which provide meaningful tension.
#PRODMGMT
Escaping from the Box: Using a new process model to support participation and...Fernando Aguilera
Â
"In this article we describe a new process model: organizational processes as networks of conversations among people who are coordinating their actions to satisfy their customers.
The coordination model provides a view of process as interactions among skilled, experienced, creative individuals with clear accountabilities, rather than as a series of tasks connected by inputs and outputs.
This concept offers numerous benefits when used in quality-oriented organizations where customer-focused processes and broad participations are the watchwords."
Market research is an industry with a long history of understanding what makes people tick, with the hope of producing insight that will have a tangible strategic value. The industry is ever-evolving, yet debate surrounding the meaning of insight and how can we have a greater strategic impact are ongoing conversations.
At a time when market research is being faced with increasing competition and need to justify return on investment, perhaps design thinking holds some answers.
So, what is design thinking?
Essay Narrative Example. Narrative Essay PDF Essays NarrativeElizabeth Pardue
Â
Step-by-Step Guide How to Write Narrative Essay (2023 Update). Tips on How to Write a Narrative Essay: Expert Advice at KingEssaysŠ. FREE 6+ Narrative Writing Samples and Templates in PDF. Personal Narrative Essay Examples.
Similar to Value Proposition for Space Programs (20)
Essay Narrative Example. Narrative Essay PDF Essays Narrative
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Value Proposition for Space Programs
1. Space 2006 AIAA 2006-7225
19 - 21 September 2006, San Jose, California
Analysis of a "Meta â Trade Study" Interpretation of
Decision-making with a Value Proposition for Space
Programs
Edward B. Rockower
Lockheed Martin Space Systems Company, Sunnyvale, CA 94089
Tightening budgets and greater competition for funding are increasing the need
to more completely, persuasively, and transparently value and market complex, and
often exotic, Space Programs. This is driving an expanding view of what's required
in an engineering, economic, and political language of discourse. Words and
phrases like holistic, future generations, new frontiers, vision, inspiring, and
sustainable are increasingly important to encompass the full range of stakeholders,
the full spectrum of societal needs and values, and the vastly differing awareness,
sophistication, and priorities among stakeholders. There's a well-known saying in
Sales, that "you sell the sizzle, not the steak". This is increasingly necessary to
achieve widespread understanding, public buy-in, and sustainability. We consider
how the components of a "value proposition" may be mapped to corresponding
parts of the final report for a kind of "Meta â Trade Study" with respect to
allocation of Society's resources among alternative objectives and programs. We
investigate how that viewpoint helps us to understand, quantify and communicate a
"Value Proposition for Space". We also point out limitations of this perspective,
hence areas that must be extended, and suggest how this may be done.
I. Introduction
âThe greatest challenge to any thinker is stating the problem in a way that will allow a solutionâ
-- Bertrand Russell
In dealing with a large, highly complex situation it is sometimes helpful to begin by defining terms,
establishing ground-rules for investigation, and agreeing upon principles to guide our thinking. If we do
that consistently, coherently, and transparently it may help us avoid losing the thread of our thoughts, and
missing consideration of some of the important aspects of our problem. It may also help us better perceive
the structure and interrelations of the complex reality with which weâre dealing. Being thus firmly
grounded helps us explore the issues, wherever the path leads. When we have a very important, highly
multidisciplinary, often confusing, and extremely visible job to do, we want all the help we can get. A
single individual, almost certainly, will be forced out of their comfort zone. By beginning with basic
principles, analyzing âfrom the ground upâ, we can identify the full spectrum of talents and experience we
need on our team.
In this investigation we consider an ostensibly provable proposal for a suggested course of action called a
âValue Propositionâ and a Process for Decision Analysis we call a âTrade Study Processâ. We suggest
that the familiar engineering-based Trade Study Process may help in formulating and communicating a
Value Proposition for a complex, multi-generational endeavor such as a Space Program. It may, in fact,
serve as an organizing principle for thinking through the costs and benefits of the Space Program from the
many perspectives of the large number of stakeholders and Decision Makers (DMâs).
A. âValue Propositionâ
We begin our analysis by looking at the two words in âValue Propositionâ (VP):
Systems Engineer, Sr. Staff, Advanced Technology Center, Modeling, Simulation & Information Science
1
American Institute of Aeronautics and Astronautics
Copyright Š 2006 by the American Institute of Aeronautics and Astronautics, Inc. All rights reserved.
2. âValueâ: In discussions of modern marketing of goods and services using a âValue Propositionâ itâs
often emphasized that the modern business must focus on selling benefits and value for the customer, not
merely products. The marketing and sales efforts must be customer-focused; hence the value is always in
terms of their wants and needs. The Value Proposition promises, if you buy âAâ youâll receive âBâ in
value. We will use the term âMeasure of Effectivenessâ (MOE) to represent any measures of value.
Questions that arise include a) âvalueâ (and costs) to whom, b) how values are measured and aggregated,
and c) over what time frames (present value of future costs, and of future benefits)?.
âPropositionâ: Value Proposition implies thereâs a proposal, a marketing statement in aid of convincing
the customer to decide in favor of your products, i.e. to purchase your goods and services.
One suggested template for creating a "value proposition"1 begins with a sentence that identifies a) the
target customer, b) their wants and needs, c) a description of the product or service, and d) a statement of
the benefit. The second sentence (a "positioning statement") describes e) the primary alternative product(s)
or service(s) and shows f) how our product is differentiated from, and presumably better than, the
competing alternatives.
We will return later to how one defines, measures, and compares the, possibly incommensurable, wants,
needs, and benefits mentioned in the template.
B. âTrade Study Processâ
In dealing with complicated systems and situations, weâve observed that itâs useful to have an
âorganizing principleâ on which to hang your facts, details, and theories. Itâs true that âa poor plan is better
than no plan at allâ, as long as one is flexible in responding to the feedback from reality that forces us to
modify and evolve our plans and methods. There are three âlevelsâ to focus on here: 1st is the organization
of this discussion concerning how to think through a âValue Propositionâ for Space Programs, 2nd is the
organization of the Trade Study planning and team-building (another âmeta-processâ) which must take into
account the 3rd viewpoint, which is the organization of the actual Trade Study as it is conducted and
presented with a Value Proposition as a possible deliverable from the Study. A âTrade Studyâ is so-called
because itâs based on the notion of âtrading offâ two or more desirable things, thus obtaining more of one
desired thing, at the expense of accepting less of something else, with the result that we obtain higher
overall value. There are a number of dimensions in which we seek to balance some conflicting demands.
We may be willing to take on more âriskâ, if it yields an increase in ârewardâ, but there will be a limit on
how much âriskâ is acceptable under any circumstances. We may need to trade-off some measure of near-
term benefits in order to obtain greater long-term benefits (or, conversely lesser life cycle cost vs. initial i.e.
fly-away cost). The typical dimensions of quantities considered in Trade Studies can usually be
categorized into cost, performance, risk, or schedule.
By having a coherent Trade Study process weâre more likely to 1) solve the correct problem, 2) solve that
problem correctly, i.e. determine the best solution from our customersâ points of view, 3) be understood,
believed and trusted when we present the results of the Trade Study, and 4) create a more useful and
flexible Trade Study report that the customer (and Decision Maker) can make the best use of (not just
acting on the recommendation, but possibly changing the conclusion based on their own, or later,
information and judgments). The process helps us to clarify, visualize, and stick to our goals for the Trade
Study in the face of all the complexities and obstacles that arise.
Our Trade Study Organization Goals include:
⢠Force Coherence to the Process
⢠Add insight into Data and Assumptions
⢠Quantify Subjective Judgments so they can be aggregated
⢠Allow the Decision Maker (DM) to tweak Model Assumptions & Adjustable Parameters
⢠Fully Characterize the Trade Space
⢠Choose the Best Risk Reduction Plan
Central to the goal of delivering a successful Trade Study is the concept that the customer (including the
ultimate Decision Maker) makes the decision, based on the Trade Study materials delivered in the final
2
American Institute of Aeronautics and Astronautics
3. report. âComputers donât make decisions, people make decisionsâ, is meant to remind us that the
numerical (and judgmental) results of our analysis do not provide the decision as to which engineering
alternative will be chosen. In fact, they provide a quantitative ranking of alternatives, sensitivity studies,
and some of the materials from which the Decision Maker will make the decision. The DM will usually
add their own judgments and intuitions, taking account of their assessment of our analytic materials. As
weâve all heard, one of the prime dictums of writing is to know your audience, and to write with the
audience in mind. When you present the results of the Trade Study, the audience may consist of any or all
of the stakeholders including the Decision Maker(s), their advisors and analysts, the users, maintainers, and
beneficiaries of the system, etc. (including, possibly, The President, Cabinet Members,
Admiral/General/Congressman + technicians/advisors/soldiers, and The Public). You must lay out a clear
audit trail for the Trade Study so the audience knows what crucial assumptions youâve made, what data you
used, your methods of analysis, and that youâve actively consulted with the stakeholders.
The Trade Study Report informs the intuition and sheds light on the alternatives; it alerts the DM to
consequences and risks (as well as
benefits). To the extent possible, the
Trade Study report and documentation
must empower the DM to make the best
decisions possible, allowing for their
wider relevant experience, scientific,
business, military and budgetary
expertise, and other imponderables to be
factored in to the decision.
Figure 1. Steps in a Trade Study Process: a chain is no
We suggest a simple, coherent Trade stronger than its weakest link.
Study Process that is easy to visualize and
easy to remember, without initially concerning ourselves with the inevitable embellishments of convoluted
logic that may arise in the actual execution of the Trade
Study. Figure 1 shows the steps in the process.
These steps may be executed in an actual Trade Study
according to the basic logic of âsequenceâ, âselectionâ,
and âiterationâ (displayed in Figure 2), familiar from
computer programming, to make an arbitrarily complex
wiring diagram.
Figure 2. Ways to combine the basic steps.
II. Mapping a Value Proposition to a Trade Study Report
âIt is the theory that decides what can be observed.â
-- Albert Einstein
We suggest that the Trade Study Report is related to the written and verbal communication of a Value
Proposition. The above Value Proposition template maps to elements in a "Meta â Trade Study" as
follows:
a) => Identifies the entire spectrum of stakeholders and customers, including the Decision Makers.
b) => The complex hierarchy of Measures of Effectiveness for all stakeholders that quantify the
relative desirability (or utility) of outcomes from developing and using the System, product, or
service. This includes the weightings of benefits and stakeholders' interests, and their priorities.
c) => Models, Data, Drawings, pictures, and operation of the System, product or service.
d) => The quantitative values of the MOE's along with the sensitivity studies from optimization or
Analysis of Alternatives (AoA), showing that our System, product, or service meets the stated
requirements, and is better than the alternatives.
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4. e) => A complete list of alternative products, the extent of the Trade Space, including constraints on
design parameters and resources.
f) => Analysis of the near-optimal MOE's, tables and carpet plots, results of the AoA, sensitivity
studies, and a robustness calculation for the optimal design solution (i.e. Risks that it will prove
NOT feasible or NOT superior to the alternatives).
This suggested mapping is set out in
tabular and graphical form in the Appendix.
We discuss in more detail the
consequences of this mapping only for those
elements that are significantly different
when evaluating a Space Program. Many of
the, perhaps nonstandard, considerations
that follow are actually well known, yet
usually considered only implicitly in most
Trade Studies.
Leveraging this perspective, "Trade
Studies" can be extended to aid our thinking,
help in the full identification of value, and
Figure 3. Value Proposition and Sustainable Vision,
better communicate the benefits of Space
over Generations.
Programs. Figure 3 shows some notional
relationships assuming the Trade Study supports the creation and marketing of the Value Proposition in a
dynamic multi-generational world in which DMâs, themselves supported by their various constituencies
and a dynamic Vision, change, evolve, and are replaced over time.
III. Trade Study Process Step: âSystem Identificationâ
When we try to pick out anything by itself, we find it hitched to everything else in the Universe.
-- John Muir
Problems of limited scope are best solved by focusing our attention on the tightest System definition
often allowing application of the sharpest tools in our toolbox. Problems of large, historic scope generally
require us to expand our view to include all the less precise, fuzzy, uncertainties of real human life.
System Identification is a process of conscious decisions to choose:
⢠what is included inside the System being studied (the âendogenous variablesâ),
⢠what is outside the system (the âexogenous variablesâ) and
⢠what variables are at our disposal to âdial-inâ the optimal System performance (the âdecision
variablesâ)
What is particularly challenging here is that weâre dealing with such a large and heterogeneous System
over decades or longer. Hence, to do it justice, weâre denied the luxury of analyzing well-defined
subsystems in (relative) isolation from other parts of the System. âLoose couplingâ of subsystems would
allow us to simplify our problems, whereas âtight couplingâ often makes our job harder. We need to
specifically address the flows and interactions that bind our subsystems together into the larger System in
order to know when weâre justified in focusing on one subsystem at a time, and when we must keep the
entire System in our view. Itâs tempting to think we already know what constitutes our System, so for this
task, especially, we must resist the tendency to âpremature closureâ 2.
The Vision is about the Space Program, but it is also a part of the System to be identified; in fact itâs
part of what binds the System together. The Stakeholders, especially the Public, are heavily influenced by
the Vision. Hence previously predetermined factors such as desirability/utility curves, goals, and group
identifications may change, preferences and priorities may evolve. As a result, Stakeholders are more
dynamically inside the System, not just outside and using the system, or merely reaping the benefits of the
system.
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5. The MOEâs, desirability or utility curves, and weights are now not set independently of the Vision and
details of the Space Program, but are themselves shifted and modified by the values of other System
parameters and variables. In a sense the parameters used in evaluation of the MOEâs and utility curves are
now dynamical variables of the System.
IV. Trade Study Process Step: âMOEs/Utilitiesâ
âHappiness does not depend on outward things, but on the way we see themâ.
-- Leo Tolstoy
Measures of Performance often relate to actual engineering parameters of a System that can be
physically measured. They measure how the subsystem performs its functions in a given environment.
Measures of Effectiveness relate to how well the System delivers what the user needs to have done. In
general, as Daniel Bernoulli discovered hundreds of years ago, the degree of âUtilityâ of a quantity of
something (in his case money) does not necessarily scale linearly with the quantity. Figure 4 shows a
notional curve relating an arbitrary performance variable to a dimensionless âDesirabilityâ normalized to
lie between zero and one. These curves can have many different shapes, and for some variables, such as
cost or weight, the desirability curve will be non-
increasing, hence will reflect âLess is Betterâ. The
questions we need to ask regarding MOEâs include:
⢠Who cares -- how much do they care
⢠What metrics/costs/performance-parameters
are of interest
⢠What are the units of measure of
performance/cost
⢠What is the "Threshold" and "Objective"
specified
⢠Is there a reward for exceeding "Objective"
⢠What is the "desirability" at "Threshold" (the
minimum acceptable value)
⢠Affordability as customer defines it Figure 4. Desirability Curves map
⢠Different stakeholders may have different Performance to Utility.
utilities, weightings, goals
As suggested above, if some of the definitions of MOEâs and Utility curves are to be considered inside
the System, we must look more closely at how they are influenced by the State of the System, the Vision,
and other System variables.
Because so many constituencies, including the Public, are involved over so long a time span, we must
consider the deep, lasting motivations
and needs of all the stakeholders, and
consider how to obtain and maintain
long term interest, and deep public
engagement in the Space Program3.
Figure 5 shows one version of Abraham
Maslowâs Hierarchy of Needs. The
bottom four layers are deficiency needs
or D-needs. If not filled, one feels
anxiety and attempts to fill them. If
filled, one feels nothing; you feel only
the lack. Each layer also takes
precedence over the layer above it; you Figure 5. Maslowâs Hierarchy of Needs
do not feel the lack of safety and
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6. security until physiological needs are taken care of, i.e. a need does not become salient until the needs
below it are met. We suggest that these deep needs must be included in our considerations, analytically for
evaluations of value, and intuitively and artistically in communicating the Vision4.
It is tempting to map Business and the Military to the Physiological and Safety levels of the Hierarchy,
and perhaps Education and Science to the Esteem and Actualization levels. That is certainly too much of a
simplification, so weâll simply point out that all levels apply to all people.
We must anticipate that unexpected benefits will accrue from such a large scale Program based on an
enhanced network flow of influence, benefits, synergy, creativity, and opportunity among all the
participants. We merely suggest a few areas that need to be considered.
There may be significant benefits arising from the ânetwork effectâ (Metcalfeâs Law or Reedâs Law),
enhanced cultural and economic connectivity, industries and technological capabilities reaching âcritical
massâ, bringing an industry âto scaleâ, Horizontal Integration, etc.. We should ask, and answer the
question, how do we quantify these benefits? Analogous to the ubiquitous Internet connectivity, will the
Space Program result in a âFriction Free Economyâ5, and âIncreasing Returnsâ (rather than âdiminishing
returnsâ). Should we look for a âtipping pointâ into a more productive, collaborative Global identity?
Perhaps there are many synergistic, nonlinear, positive feedback effects (e.g. stimulating National and
Global Economies). Because the payoff from these effects is likely to be so great, we must address these
very complex questions in spite of the fact that they are very difficult to answer definitively.
In calculating the net Benefits and costs, it should be remembered that all of the money will be spent on
Earth, all of the New Discoveries in Science and Technology, and the new Business will be on the Earth,
and (for the foreseeable future) 99.99% of the jobs will be on the Earth
V. Sustainability
âDear friend, all theory is gray, And green the golden tree of life.â
-- Johann Wolfgang von Goethe
Sustainability has been addressed from a number of viewpoints. It has been said that âpolicy robustnessâŚ
Together with affordability, value delivery, and moderated risk exposure, ... comprise the four pillars of
sustainability.â6 However, President Bush's space vision tells us "the success of future U.S. space
exploration will unfold over generations." It is certainly challenging to contemplate operations over such a
long time frame, involving generations unborn, far removed from Earth. Adding the need for international
cooperation and involvement of many layers of society requires us to re-examine principles and methods of
valuation and risk estimation. The enlarged scope, numbers and types of stakeholders, and newness of the
enterprise, forces us to dig our foundations deeper into the bedrock of scientific, engineering, sociological,
and economic understanding. To assess the value of the "vision" weâve suggested above that it's helpful to
consult Maslow's Hierarchy of Needs
in which the lower "deficiency needs"
are complemented by the higher
"growth needs". Maslow's later
Hierarchy7 included the need to
know, understand, and transcend
one's individual needs through
connecting to something beyond
oneself. A truly sustainable Value
Proposition might quantify the degree
to which each of these levels in the
hierarchy is satisfied, and account for
the changing priorities (e.g. of
Defense vs. Exploration) as the Figure 6. Influence Diagram of Vision, Identification and
deficiency needs are met for different Values.
classes of stakeholders. Hence, as
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7. part of extending the standard hierarchy of Trade Studies to include a "Meta â Trade Study", we also
consider extending the hierarchy of MOE's8. While these are admittedly speculative and difficult
suggestions, they may open up avenues for fruitful investigation.
At the top of our extended hierarchy of MOE's is the much-touted "vision", a hallmark of leadership,
and a necessity for sustainability. Leaders know that vision promotes group identification and belonging,
empowers the individual, and fosters commitment to group goals. Hence, the "value schema" of the
individual is changed, often to a great extent. Individuals who are by themselves "risk averse", with a
given utility or desirability function, may become "risk seeking" when identifying with a group. It's well
known that the position on the utility curve, along with its local shape, determines one's risk preference.
The power of "vision" includes changing both the shape of, and the group's position, on that utility curve.
Figure 6 presents an influence diagram that indicates both the ability of a Vision to drive group
identification, and its ability to modify the "Value Schema" used to quantify the Value Proposition. This
and other factors important for quantifying the buy-in and sustainable commitment from the full spectrum
of stakeholders may thus be analyzed more fully in the context of a decision-making process, a "Meta â
Trade Study", as it were.
VI. Trade Study Process Step: âPresent Resultsâ (Proposing the Value
Proposition)
Just because you do not take an interest in politics doesn't mean politics won't take an interest in you.
-- Pericles (430 B.C.)
The goal of the Trade Study Final Report includes presenting coverage of:
⢠Visibility and auditability of your trail
⢠Credibility of the analysts, the process, and the data
⢠Clearly stated assumptions and limitations
⢠Sensitivity to audience backgrounds
⢠Political and marketing considerations
⢠How results will be used
⢠Who will see the report
These same factors must also be borne in mind when crafting and presenting the Value Proposition.
Just as the DMâs analysts will be required to vet the analytic underpinnings of the Trade Study Report, the
act of proposing a Value Proposition to politicians, leaders, constituencies and the general public will raise
questions of the detailed justifications for that Value.
No matter how well designed, well thought out, and wisely planned the Space Program, if it is not
âProposedâ (i.e. stated, communicated, marketed, sold) effectively to the varied audiences of DMâs and
stakeholders, it will, quite literally, not fly.
The politicians must be addressed in language they feel comfortable with, and that they can in turn
communicate to their constituencies. The scientists and engineering analysts must be addressed in
scientific and engineering terms. Business must be addressed in their own terms, and the Military must be
addressed in their terms. Finally, the Public must be engaged with images, symbols, and language that
involve them in a powerful story with which they can relate. The entertainment industry has probably
known since the beginning of time the importance of using the basic human archetypes9 in capturing and
holding the interest of an audience. More recently Joseph Campbell popularized the meaning and
significance of Myth in his PBS series of interviews with Bill Moyers10 Campbellâs book âThe Hero with
a Thousand Facesâ was explained and interpreted for writers by Christopher Vogler in a widely read
summary11. George Lucas credited Campbellâs book on the Hero with strongly influencing his writing of
the Star Wars movies. In fact, itâs already has been widely recognized that the private sector, the media,
and other professional communicators must be involved in communicating the Vision for Space. It is clear
that these media experts and storytellers are crucial to fully engage the public over many decades, as
theyâve successfully done for other messages and stories. Finally, we emphasize that in some sense, the
Vision must be shared by all the stakeholders, no matter the level of technical, political, or business savvy.
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8. VII. Conclusion
A prudent question is one half of wisdom.
-- Francis Bacon
Weâve presented one perspective on how to think about a Value Proposition for Space Programs using a
Trade Study Process as the basis for guiding our efforts. Following the logic of the suggested, generic,
Trade Study Process weâve identified some areas in which Space Programs need to be evaluated with an
expanded set of concepts and tools compared with those ordinarily involved, at least explicitly, in the usual
Trade Study. The Trade Study elements that we suggested are especially deserving of further investigation
are:
⢠System Identification
⢠MOEâs/Utilities
⢠Present Results
A powerful Vision can become a self-fulfilling
prophecy. What was not true or merely potentially
true can sometimes become true through the
organizing principle embodied and transmitted by
effective (possibly charismatic) leaders and
communicators12. By explicitly considering basic
human archetypes, myth, and storytelling, we
create a more widely accessible Vision, and more
fully engage all the stakeholders. We may thereby
achieve the critical sustainability over the decades
needed for success. However, as indicated in
Figure 7, we may need to become comfortable with
less precise methods in order to benefit from Figure 7. Greater accuracy may entail lesser
higher accuracy when dealing with human values precision.
and motivations.
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9. Appendix: Mapping a Value Proposition to Trade Study Elements
1
Presentations on âValue Propositionsâ are widely available on the web, including Business School
websites such as MIT Sloan School of Management (http://www.execseminars.com/brochures/RBS.pdf):
⢠âThe conventional wisdom is to put the focus on your product, when the real source of
profitability in a networked economy is to develop better value propositions for your customers.â,
⢠âTo survive and prosper today, you must shift your attention from products to customersâ
⢠â⌠delivering a value proposition that places the customer at the center of your strategyâ
the two sentence formulation we cite is at http://en.wikipedia.org/wiki/Value_proposition
2
Nobel Prize winner in Physics, I. I. Rabi, said in response to a question, âIf Iâve been able to accomplish
more than others, itâs because Iâve been able to maintain fuzzy thinking longerâ Rabi, scientist and citizen
by John S. Rigden, Sloan Foundation Series; Basic Books, 1987
3
"Using Stakeholder Value Analysis to Build Exploration Sustainability" E. Rebentisch, E. Crawley, G.
Loureiro, J. Dickmann, and S. Catanzaro, AIAA-2005-2553;
"Achieving Profound Public Engagement - The Ultimate Source of Exploration Vision Sustainability"
M. Craig, AIAA-2005-2568 1st Space Exploration Conference: Continuing the Voyage of Discovery,
Orlando, Florida, Jan. 30-1, 2005
1st Space Exploration Conference: Continuing the Voyage of Discovery, Orlando, Florida, Jan. 30-1, 2005
4
âReport of the Presidentâs Commission on Implementation of United States Space Exploration Policyâ,
2004
5
Lewis, Ted, The Friction-Free Economy: Marketing Strategies for a Wired World, HarperBusiness, New
York, 1997
6
"Policy Robustness Analysis of Space Exploration Architectures" G. Singleton and A. Weigel, AIAA-
2005-6661 Space 2005, Long Beach, California, Aug. 30-1, 2005;
Also see "From Value to Architecture: The Exploration System of Systems" Ed Crawley MIT Draper Lab
Dec 1, 2004;
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10. "Political Sustainability in Space Exploration: A Game Theoretic Approach" D. Broniatowski and A.
Weigel, AIAA-2005-6799 Space 2005, Long Beach, California, Aug. 30-1, 2005; "International Industrial
Cooperation: Key to an Affordable and Sustainable Space Exploration Program"
P. McKenzie, C. Gilbert, AIAA-2005-2530 1st Space Exploration Conference: Continuing the Voyage of
Discovery, Orlando, Florida, Jan. 30-1, 2005
7
Information about Maslowâs work is widely available in books and on the web (e.g.
http://chiron.valdosta.edu/whuitt/col/regsys/maslow.html )
8
Rockower, E., "Notes on Measures of Effectiveness", Naval Postgraduate School, 1985
(http://www.rockower.com/articles/MOEs_Rockower.pdf)
9
Jung, Carl Memories, Dreams, Reflections, Pantheon Books, New York, 1963
10
âJoseph Campbell and the Power of Myth (1988)â, PBS Series Mystic Fire Video 2001
11
Vogler, Christopher The Writerâs Journey: Mythic Structure for Writers, Michael Wiese Productions;
Studio City, CA,1998, (his highly influential: âA Practical Guide to THE HERO WITH A THOUSAND
FACES by Joseph Campbellâ is at http://www.skepticfiles.org/atheist2/hero.htm)
12
âMan is eminently a storyteller. His search for a purpose, a cause, an ideal, a mission and the like is
largely a search for a plot and pattern in the development of his life story âŚâ Hoffer, Eric The Passionate
State of Mind Perennial Library edition, Harper and Row, New York 1968 p. 59
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