Don’t stop at a dollars

Value needs to be connected to people's lives. That sometimes looks like money. But a lot of times it doesn't.

Data people talk a lot about value.

Here's what it means:

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Value is the benefit distributed to the people and places that engage your organization.

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Let's break it down:

Benefit = Positive stuff that people want. Money. Education. Healthcare. Safety. Housing.

Distributed = It leaves the company. And goes out to others.

People and places = Employees, customers, shareholders, members, community members, students, etc.

Most definitions of value are focused on dollar figures. Profit, revenue, cost, and risk.

But an understanding of value should be far more wholistic than that.

Don't stop at dollars. Value is way deeper and richer.

Sawyer

from The Data Shop