Value creation is the essence of business. Value is what attracts and keeps customers. Value is what attracts and retains employees. It’s also what attracts and maintains relationships with investors, suppliers, distributors and the wide range of other stakeholders who are critical to the firm’s long-term success. Continue Reading
From the article:
"Every once in a while though, you will bump into a business person who seems to operate in this field of intrinsic value creation. You tend to find them in those businesses that focus obsessively on quality or on design. You can also see their telltale marks in firms that seem to pay inordinate attention to how their products and services are actually being used by customers not just whether those customers are satisfied with them, but whether they are successful with them."
definitely. and I think a lot of fields "value" is easier than others. businesses that have a focus on quality and design it is pretty easy to see value but then there are others (such as an eCommerce drop ship site) that has problems sticking out amongst all the competition.
2 comments