Total Value Matrix

The Total Value Matrix is a tool used to evaluate the total value of a product or service. It is based on four factors: cost, quality, speed, and flexibility.

At a very high level, the Total Value Matrix is used in the context of business, marketing, finance.

Total Value Matrix quadrant descriptions, including examples
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What is the Total Value Matrix?

A visual explanation is shown in the image above. The Total Value Matrix can be described as a matrix with the following quadrants:

  1. Cost: The cost of the product or service, e.g. $100
  2. Quality: The quality of the product or service, e.g. 5 out of 5 stars
  3. Speed: The speed of delivery of the product or service, e.g. 2 days
  4. Flexibility: The flexibility of the product or service, e.g. customizable options

What is the purpose of the Total Value Matrix?

The Total Value Matrix is a tool used to evaluate the total value of a product or service. It is based on four factors: cost, quality, speed, and flexibility. The matrix is divided into four quadrants, each representing one of the four factors. The goal is to identify the best combination of these factors to maximize the total value of the product or service.

The top left quadrant is labeled 'Cost'. This quadrant represents the cost of the product or service. The higher the cost, the lower the value. The top right quadrant is labeled 'Quality'. This quadrant represents the quality of the product or service. The higher the quality, the higher the value. The bottom left quadrant is labeled 'Speed'. This quadrant represents the speed of delivery of the product or service. The faster the delivery, the higher the value. The bottom right quadrant is labeled 'Flexibility'. This quadrant represents the flexibility of the product or service. The more flexible the product or service, the higher the value.

The Total Value Matrix can be used to identify the best combination of cost, quality, speed, and flexibility to maximize the total value of a product or service. It can also be used to compare different products or services to determine which one offers the best value.


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What templates are related to Total Value Matrix?

The following templates can also be categorized as business, marketing, finance and are therefore related to Total Value Matrix: Effort Impact Matrix, Gap Analysis Matrix, Growth Share Matrix, Kraljic Matrix, Outsourcing Matrix, Quadrant Analysis, Risk Analysis Matrix, Risk Value Matrix. You can browse them using the menu above.

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