What is value? Business markets are undergoing an evolution similar to
that of the industrial revolution, but in this case, it's the electronic
commerce revolution and its ability to offer value. You've undoubtedly
heard the term, but like most business people, you may be hard pressed
to come up with a clear definition of value. By value, do we mean
savings, benefits, quality, convenience, etc? To further complicate
matters is trying to determine what it means for your customers. An
important point to consider is whose definition would you accept, yours,
a consumer, a visitor, a business partner, an employee? The beauty of
using the Value Matrix Approach is that you will be able to uncover what
all of them think, and act accordingly. Looking towards the future it
can be seen that in order to compete in electronic commerce, or for that
matter any business, value must be delivered. However, value must not be
delivered in the eyes of the organization but rather in the eyes of the
customer.