What's Business VAlue?
Value in this context refers to a business benefit that is transferred to the customers or clients that purchase the products or services.
Not to be confused with features and benefits of products that are sold, this is actual improvement that results on the customer’s side at the business level.
For example, take a company that sells web-based training software. The features of this software are that it is completely delivered as software-as-a-service with robust recording and delivery options.
A main benefit of this software is the ability to deliver education to anyone that has an internet connection. But the value that this business provides is that it helps its clients to effectively and efficiently train their employees leading to a better workforce.
Value in this context refers to a business benefit that is transferred to the customers or clients that purchase the products or services.
Not to be confused with features and benefits of products that are sold, this is actual improvement that results on the customer’s side at the business level.
For example, take a company that sells web-based training software. The features of this software are that it is completely delivered as software-as-a-service with robust recording and delivery options.
A main benefit of this software is the ability to deliver education to anyone that has an internet connection. But the value that this business provides is that it helps its clients to effectively and efficiently train their employees leading to a better workforce.