14 November, 2013

1-1-9-1 value creation, the forms of value: product

the most usual thing, here is some of the most common properties of products. millions of examples we have and I am too lazy to mention some, that would be just stupid :)
  • the usual, most common, first-come-to-mind thing when we think of a business "value"
  • tangible, physical
  • created once, duplicated by machines at very fast scale and in huge numbers 
  1. create it
  2. duplicate it 
  3. have enough in inventory to cover the demand, yet not too much that you could risk deterioration or expiration 
  4. offer them to customers
  5. sell in the highest price possible