It is the term that means
The combination of value creation and value delivery processes. How the value is created and how it is delivered to the customers
There is a great epic story behind
every product that is out there on the shelf starting from
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The creation of the product on paper
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The actual value creation in the factory
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Packaging
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Transport to distribution centers
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To the stores' stock
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To the shelf for the customers
All previous with parallel
construction and implementation of marketing and sales plans
It is a very long process that any successful
business owner needs to understand and digest very well
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As an entrepreneur you have to be able to visualize
and diagram this "Value Stream", to write it down
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Then you have to analyze it, see it in your mind and
just iterate through it all the time to make zillions of tiny teeny adjustments to make it
better
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The ultimate goal of this is to make this process as efficient
as it can be on terms of number, time, money, effort, energy, clarity, quality
control …. Etc.
So the more you can understand the
value stream, the more you can get it out of your mind, diagram it, study and
analyze it, iterate through it, and make it better all the time
And very important to see it on paper
in an easy understandable simple form, not just see it in your brain
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