Return on Intention

If the goal of an organization is to provide value, then it must be considered, what is value? There is no single answer, as value is something internalized in each of us. For some, comprehensive coverage of an event is valued above all, so waiting for a “professional” source to gather all the facts is acceptable, and this valuable. For others, timeliness of an even is most important, so expediency of delivering whatever data is available is what constitutes value.

The traditional view of value was utilitarian, or to put it another way, what I can do with a thing. This is what leads to bullet points of features on the sides of packaging, and cramming a clock onto every electronic appliance because “it can be done”. There are at least 5 clocks in my kitchen.   There are types of value to consider, like emotional and psychological. With current car designs, we can only get so many horse power out of the motor before the car itself cannot handle it. This creates a ceiling on what we do to further the power a car can provide, but the feeling you get driving your dream car provides value that has little to do with the limitation of our engineering.

Providing value is relative, so learning what type of value you provide has more  to do with your success  than your manufacturing capabilities. What need do you fulfill and/or what are the needs that your target market has? The value you provide is what matches you with your customers, not the industry you are in. This is why listening is such an important yet underrated part of business. Social media is a good tool for this, but often we find people trying to hard to talk (old sales and marketing stuff). Apple is notorious for not being involved directly in social media, but you can bet they listen, and its working for them.

What do you think?