Monday, June 06, 2005

Prince & Grandee Value Added...

What is value added? Value added is the extra value provided to anyone without incurring any cost upon them. Grandee theory of value added is very much simple, value adding process is a continuous processes that injecting in new value to every dimension of business. This help to enhance the business process, this can be done when the cost of operation is diminishing due to the fall in the learning curve. Say is always easier. Every company is able to add value to its product, process, operation, services and many more, only if they are willing to incur a minor cost, many china man company does not favor value adding, for them, it is an extra cost incur, and they believes that customer will come back to them at the end of the day, even without extra value. This is the marketing hallucination most of the china man company is so much embracing it now. A value added system, can be a group of capable managers, meeting on a weekly basis, to discuss about the company product, service, process, management and many more. It is not easy to construct a value added system, since value added system is a continuous process to look for incremental value that can provide to customer without incurring any extra cost for any party. Value adding process covers every part of the business, including the security guard in guard house who, ultimately, become the first contact point for many visitors / customer.

No comments: