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Value creation v/s value addition

Created by : Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 16 2009 11:19:49 +0000
Industry : Industrial Products/Heavy MachineryFunctional Area : Business Processes(Operations)
Keywords : business strategy process value creation addition
Activity:  661 views;  last activity : 07 06 2010 20:18:09 +0000

In current scenario, we cannot give any chance to end user to make any quality comment on the finish product. Which word should be suitable or key or most important to avoid such quality failures at user end, and why?

Side A - "Value addition"

or

Side B - "value creation"

 

Your comments are welcomed.

  
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It comes at the process end, where we try to hide quality issue Vs It is more important
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Value Creation and Value Addition are terms employed to analyze and understand better the productive function. For the consumer the condition of the product used by him and its value to him at the time of use only matter. Whether you created value or added value before passing on the product to him happens to be irrelevant to him.

If you are particular to deliver a criticism-proof product to your customer, the entire range of your production should receive microscopic attention.

If I am not correct, kindly clarify how I should differently understand the terms Value Creation and Value Addition.
By Kumbakonam S Venkataraman, Associate Editor, Dynamic Youth online magazine  | 02 01 2010 05:46:10 +0000
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According to me where offerings are so diverse the industry is less and less relevant as the arena of competition, sustained value-building can come from corporate strategy, it need not come from the competitive success, so value addition is more important.
By Vinit Gupta, Sales/BD Manager, Larsen & Toubro  | 02 23 2009 11:21:29 +0000
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Value Addition and Creation are the two hands of the same tree called Product. They come into existence either during test marketing the product before launch OR they need to be immediately implemented after the launch and customer calls!

Need to really understand the direction in which you are thinking Mr. Aras. Its a bit unclear. Only thing that comes out is that you are trying to seek and answer for creating value or adding value. Its like the existence of right hand and left hand of the same body used differently and as aplicable!
By Makrand Bhave, Marketing & MICE, WIZCRAFT International  | 02 01 2010 05:58:20 +0000
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I doesn't belong to such industry; neither I did understand your purpose behind the question. What I understood is you don't wanna give a chance to your customer to comment about your short comings & that I just don't understand; why?

It gives two implications; 1. You know where the fault is precisely; still you don't want to improve. 2. You know there's a snag but does not know to be exact & still don't want to explore...

In both the case I just don't see the value is added or being created....
By ujjval jain, Retail, Retail  | 01 31 2010 13:29:53 +0000
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Why, you have to suggest or give your opinion.
By Nitin M Aras, Head/VP/GM-Tech. Support, ODTIN Food Solutions Pvt Ltd  | 02 16 2009 11:19:49 +0000
Argue for "It comes at the process end, where we try to hide quality issue"
Argue for "It is more important"
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