It is not enough to say that your company focuses on delivering values to customers.
What is value?
If you don’t stop for a long moment considering this question, you are not focused on value. Value is economical, and it is also technical, social, personal, functional, aspirational. Value takes into consideration material costs, and also possible issues, adoption, expansion, scale. Value is transactional and relational. Value is co-operative.
And once you have identified all the elements that make up your value, you still have two steps to take.
First, you have to understand the why of value. Why does it matter. Not tomorrow, not one year from now, not one day maybe. But now.
Then, you have to build a system that constantly delivers on the elements across the various departments, that captures and measures the elements, that continues assessing them, that creates incremental evidence for them, and that ensures that they are not replicated by competitors and new entrants.
Value is a complex concept, not another organisational buzz word.
One thought on “Elements of value”
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