Value And Value Of Value - 2410 Words

Assignment One Introduction Value. What it? What does it mean to people? And more importantly how do you get it? These seem to be the questions that everyone is trying to explain except that there really doesn’t seem to be a one true answer. The definition of value in general seems to be agreed upon, that it is: â€Å"the worth of the economic, technical, service, and social benefits a customer firm receives in exchange for the price it pays for a market offering† (Anderson et al, 1993). Is Value something the custom creates or co-created? Is it something that is generated through the production process, through a value-chain? Is value a number that can only be determined through achieving specific goals? If so what even are these goals? Will there ever be a one true definition or meaning for value? Value and its importance seem to depend on which way you’re looking at it, are you the buyer or the seller, is your value co-created or not? What are your value focused capabilities? All these q uestions are trying to be answered in an area which is densely filled with different opinions, so is there a right or wrong answer? Company background Civil Defence Supply (Fig 1 appendix) is a Home Office approved company specialising in supplying and training in defence and law enforcement products, equipping organisations such as the UK Police, Fire Services, Ministry of Defence and Government. â€Å"Civil defence is our business†. Civil Defence Supply work closely with the Home Office and otherShow MoreRelatedMy Values : Values And Values Essay1081 Words   |  5 Pages My Values Values play a very important role in my life. They alter every single decision I make, whether it be big or small. Roy Disney said â€Å" It’s not hard to make decisions once you know that you values are.† Knowing your values make the path to the right decision much more clear. I have three core values which mean the most to me. They are the values I want my children to know, and learn the true meaning of. My most important values would be responsibility, happiness, and my religion. Read MoreThe Value Of Personality And Values1199 Words   |  5 PagesPersonality and values†¦everyone has them. Each plays a crucial role that makes us unique and sets us apart from everyone else. Values are the foundation on which an individual’s personality sits. Values lie within a person’s core. It’s a belief system as to what is right, good, wrong, or bad, also known as ethics. Values have two attributes, content and intensity. Content defines the importance and intensity measures the importance and forms their value system. Values can be classified a littleRead MoreThe Values And Values Of School1509 Words   |  7 Pagesstart of a child’s academic journey and is known to all pupils and staff and is carried out by all as well. This along with our aims, values etc is displayed throughout the school and is clearly visible to any visitors as this is something that should be clearly recognizable and is normally set out by the head teacher. The schools ethos, aims, missions and values are set and given so to provide for all a code of practice and this is shown throughout our daily practice within school. The ethos, aimsRead MoreThe Value Of A Value Chain Essay1217 Words   |  5 PagesA value chain may defined as network of companies which work hand in hand towards a common goal of meeting the customer demands and the stakeholder demands. The idea of value chain first came into existence after Michael Porter coined it. He basically said that the various activities which the organisations carry out t o create and give value to its customers. He said that it basically consists of two main activities which are basically known as the primary activities and secondary activities. TheRead MoreThe Value Of A Trust Value1702 Words   |  7 Pagesevidence) is less useful that knowing that the trust value contains the success rate of the driving exam questions also found in the motorcycle exam. A trust value may include these pieces of evidence to facilitate mapping but this may violate privacy (see the latter example). At the other extreme, a trust value may only consist of the pieces of evidence without the trust calculation result, because the trust value calculation can reveal more than the value (e.g., how trust is calculated). Another reasonRead MoreThe Value Of A Value Chain1251 Words   |  6 PagesBusinesses create value by converting inputs (that is raw material, labor and overhead) into business outputs in such a way that they have a greater value than the original input cost. Manufacturing companies create value by acquiring raw materials and using them to produce something useful. Retailers bring together a range of products and present them in a way that is convenient to customers, sometimes supported by services such as fitting rooms or personal shopper advice. And insurance companiesRead MoreQuestions On Values And Values1493 Words   |  6 PagesDiscussion Topic #2 Prompts Prompt #1: Values Worksheet: What were your top 5 values? What kinds of defining characteristics did you associate with your values as you crossed them off the list one at a time until you had only one value listed? What did you learn about your values hierarchy through this activity? First, my top ten values were difficult in itself to pick out because I feel like I could have had many of the checklist highlighted. For instructional purposes I picked adventure, challengingRead MoreThe Value Of Fair Value938 Words   |  4 PagesThe fair value option allow all entities to select and measure eligible items at a fair value at a specified date. The decision involved in whether to elect the fair value option have following conditions. The conditions include that it could be applied instrument by instrument, could be irrevocable which means it cannot be changed and the last condition is applying only to instrument and not to only specified risks, specific cash flows, or portions of that instrument. The fair value option allowsRead MoreThe Value Of Value Chain1803 Words   |  8 Pages Value chain is identified as a chain of activities where value is continuously added to the product and service from the product design to final product delivery. Basically, there are m any works that are included in the producing process no matter whether it is consume good or service. But not all of the producing activities could be seen as valuable to the entire process, which could offset the cost of time, money, and labor. So when companies are doing the business optimization, the basic thingsRead MoreQuestions On Values And Values Essay2373 Words   |  10 PagesToday, Congress and the President of the United States, along with the HBVCI (Hahm-Beller Values Choice Inventory), comprised a list of six values of character that are compared in the table below. United States 6 Pillar 2 HBVCI3 Trustworthiness Honesty Respect Loyalty Responsibility Responsibility Fairness Fairness Caring Self-sacrifice Citizenship Teamwork, work ethic, perseverance These six values of character each contribute to the overall components of character – strong, good, and bad