Value Stream

This is a preview of a concept contained in The Personal MBA by Josh Kaufman, a book that will help you master the fundamentals of business, hone your business instincts, and save a fortune in tuition. The Personal MBA distills the most powerful principles of business and delivers them quickly and concisely. Order your copy now…

What is a “Value Stream”?

“Great design is eliminating all unnecessary details.” – Minh D. Tran

Key Points:

• A Value Stream is the set of all steps from the start of your value creation until the delivery of the end result to your customer.
• The Value Stream is basically the combination of your Value Creation and Value Delivery processes.
• The best way to understand your Value Stream is to diagram it. This can help you see where you can improve the value of your offering.
• It’s best to try to make your Value Stream as small and efficient as possible. The longer the stream, the greater the risk of things going wrong.

Questions for Consideration:

• What does the process you use to create and deliver value to real paying customers look like? Can you diagram it?
• Do the value-creation and value-delivery processes fit together seamlessly?

Share this concept: http://book.personalmba.com/value-stream/

True leaders aren’t made by business schools – they make themselves, seeking out the knowledge, skills, and experiences they need to succeed. Read this book and you will learn in one week the principles it takes most business professionals a lifetime to master. Buy The Personal MBA by Josh Kaufman now.