Value innovation is created in the region where a company's actions favorably affect both its cost structure and its value proposition to buyers. Cost saving are made by eliminating and reducing the factors an industry competes on. Buyer value is lifted by raising and creating elements the industry has never offered. Over time, costs are reduced further as scale economics kick in due to the high sales volumes that superior value generates.
W. Chan KimRelated topics
buyer cost due economics high industry innovation kick reducing region superior value costsRelated quotes
On the whole, however, the conclusions I have drawn from the proofs quoted may, I believe, safely be relied on. Assuredly they will not be disturbed either by the lays of a poet displaying the exaggeration of his craft, or by the compositions of the chroniclers that are attractive at truth's expense; the subjects they treat of being out of the reach of evidence, and time having robbed most of them of historical value by enthroning them in the region of legend.
Thucydides
As we cleared the passage we found mixed with the rubble broken potsherds, jar seals, and numerous fragments of small objects; water skins lying on the floor together with alabaster jars, whole and broken, and coloured pottery vases; all pertaining to some disturbed burial, but telling us nothing to whom they belonged further than by their type which was of the late XVIIIth Dyn. These were disturbing elements as they pointed towards plundering.
Howard Carter
One of the most potent ways to spiritualize the home is to create a sacred space, an altar, or a room used only for meditation, prayer, or spiritual reading. [...] Your sacred place will become an area of high spiritual vibrations which will affect the entire house, thereby attracting pious personalities. Having a sacred space will also remind you that your home belongs to God and that you are simply the caretaker of it.
Bhakti Tirtha Swami
At this point in history when all things which concern man and the structure and elements of history itself are suddenly revealed to us in a new light, it behooves us in our scientific thinking to become masters of the situation, for it is not inconceivable that sooner than we suspect, as has often been the case before in history, this vision may disappear, the opportunity may be lost, and the world will once again present a static, uniform, and inflexible countenance.
Karl Mannheim
I write with two things in mind. I want to be right with my fellow economists. After all, I've made my life as a professional economist, so I'm careful that my economics is as it should be. But I have long felt that there's no economic proposition that can't be stated in clear, accessible language. So I try to be right with my fellow economists, but I try to have an audience of any interested, intelligent person.
John Kenneth Galbraith