What is Mutual Value Measurement©?
One of the greatest challenges for co-operatives and mutuals (CMEs) is to be able to quantify and communicate consistently the value that our businesses create.
That’s why the Business Council of Co-operatives and Mutuals (BCCM) teamed up with researchers at Monash University’s Monash Business School, our members and the co-operative and mutual enterprise sector, to find a new way of measuring our positive impact on our members, our customers, the community and the economy – the Mutual Value Measurement (MVM)©.
The Mutual Value Measurement Framework© helps CMEs to measure their total value creation (mutual value) through a set of common dimensions and shared language.
The MVM Framework© can be used by CMEs across different industries, of different sizes, and with different capabilities.
Incorporating MVM into your business can help you realise the total mutual value you create, leading to significant business and commercial benefits.
The MVM Framework© has been field-tested through research by Monash University’s Business School and is available with an implementation guide and templates that will allow interested CMEs to assess and plan the full adoption of the MVM Framework©.
To explore using MVM Framework©, book a one-to-one consultation with the BCCM and Monash University.
Developed by the sector for the sector
The MVM Framework© and related material were developed by and are owned by the BCCM in partnership with Monash University’s Monash Business School. To explore using MVM Framework©, book a one-to-one consultation with the BCCM and Monash University.
MEASURE YOUR CME's TOTAL VALUE CREATION
The MVM Framework© helps co-ops and mutuals measure their total value creation through a set of common dimensions and shared language about measuring and reporting mutual value.
How do we measure success?
CMEs applying for MVM Accreditation™ are evaluated by an independent panel of experts.
Successful applicants will have demonstrated a proficient understanding of the MVM Framework©, implemented appropriate metrics against the framework’s dimensions and shown that engaged measurement has been practiced.
For CMEs, MVM Accreditation™ is a mark of quality, and an acknowledgment of their profound commitment to the ongoing promotion and creation of mutual value for their members and their community.
"The MVM has assisted the StateCover team focus on what matters most – creating value for our members. Through embedding the MVM Framework™ across the organisation, we have clarity as to what activities create value for our members and those that don’t, ensuring that our efforts and resources are always targeted to value creation."