Value Creation means enhancing the worth of products and/or services being offered by a company to its customers. Businesses today concentrate on creating better value for their customers as well as for their shareholders (or stakeholders) who want to see their stakes appreciate. A value chain is a series of activities or processes which aims at creating and adding value to an article (product) at every step during the production process. The logic is simple; the more value a company creates, the more financial surplus (or profit) it generates. When more value is created, the same is passed on to the customers and thus, it helps in consolidating a competitive edge.
Here’s what Sandeep Aggarwal, a serial entrepreneur, angel investor, Internet visionary and philanthropist, has to say:
WHAT DO YOU THINK?
Let me know in the comments section.
In this ongoing series #GreatMinds on my blog, I am shining a spotlight on the important ideas that some very successful people keep talking about in their public life.