“Strive not to be of success, but rather to be of value.”
Albert Einstein, German-born American physicist
Value added refers to the additional value created at a particular stage of production or through image and marketing. In modern neoclassical economics, it refers to the contribution of the factors of production, i.e., land, labor, and capital goods, to the raising of the value of a product and corresponds to the incomes received by the owners of these factors.
The concept of value addition is a pitch any product organization would be eager to make. At Geneva however, we approach this crucial paradigm differently. We call it "value multiplication". We see this happening along the following dimensions:
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