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Balanced Value Impact Model

Strategic Perspectives in the BVI Model

Strategic Perspectives provide for a holistic application of four perspectives to contextualise organisational strategy. Mapping current strategies or actions against the Strategic Perspectives ensures that the outcomes can be clearly narrated. The understanding gained enables the organisation to review and respond to the results.

The BVI Model always applies the following four Strategic Perspectives, defined as:

Social impacts: stakeholders and wider society have been affected and changed in a beneficial fashion;
Economic impacts: the activity is demonstrating economic benefits to society, stakeholders or the organisation;
Innovation impacts: the digital resource represents or enables innovation which is supporting the social, economic or operational benefits accrued;
Operational impacts: the organisation creating/delivering digital resources has been benefited within its internal processes by the innovation demonstrated.

The key benefits of this approach are to align, clarify and gain consensus about strategy in a simple framing that works in many contexts. It further allows for a clear narrative of benefit to be built into the process from the beginning, with two outward-facing perspectives (Social and Economic) and two more internalised perspectives (Innovation and Operational). A holistic strategic context narrates the outcomes and results powerfully as ‘our digital resources are benefitting society via these social impacts, leading to economic benefits based in our innovation; while becoming a more effective and efficient organisation’.

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