Jan 3, 2021

What is Value

Consider that Value is equal to your Why divided by your How. Keeping this simple formula in mind can help you find opportunities to increase the value you deliver for your business, or deliver the same value for less cost.

How this works

It makes sense if something changes in your business environment that increases the numerator (the reason Why you are doing something), then the overall value for the business increases. For example, if a business planned on getting into the hand sanitizer market before COVID hit, the Why increased exponentially in March 2020 and the value to the business increased as well.

Thinking about the denominator (How you are approaching the business problem) can provide opportunities to simplify, or change an implementation to deliver the same outcomes at a lower cost. This may consist of attacking the problem in a totally different way by implementing new technologies or novel ideas, or applying agile approaches to create an MVP that is iterated only until the business needs are met.

Welcome to WordPress.com. After you read this, you should delete and write your own post, with a new title above. Or hit Add New on the left (of the admin dashboard) to start a fresh post.

Here are some suggestions for your first post.

1. You can find new ideas for what to blog about by reading the Daily Post.
2. Add PressThis to your browser. It creates a new blog post for you about any interesting  page you read on the web.
3. Make some changes to this page, and then hit preview on the right. You can always preview any post or edit it before you share it to the world.