70 Types of Value Creation

John Spacey, updated on August 06, 2023

Value creation is an activity that produces a benefit to people. This is the basis of all economic activity with the exception of rent seeking. It is common for businesses to view strategies, processes, practices, technologies, products and services in terms of value creation. For example, looking at the value difference between process inputs and outputs. The following are basic types of value creation.

Aligning to customer preferences	Attractive pricing model
Capacity	Cleanliness
Compliance to regulations	Compliance to standards
Connection to culture, history & tradition	Convenient locations
Convenient services	Customer comfort
Customer experience	Customization options
Durability	Ease of maintenance
Ease of repair	Ease of use
Education & learning	Efficiency
Emotional wellness	Epic experience
Facilitating social processes	Fair and accurate billing
Fair terms	Fast response to customer requests
Flexibility, adaptability & versatility	Friendly service
Health & wellness	Inclusiveness & accessibility
Integration & compatibility	Intuitive user interfaces
Managed services	Meeting customer needs
On-time performance	Peace of mind
Pleasant service environments	Powerful functionality and features
Powerful user interfaces	Privacy protection
Product aesthetics	Product performance
Product quality	Product size
Product speed	Professional service
Provide access to facilities, resources and environments	Provide access to knowledge and data
Provide entertainment	Quality materials
Quality of packaging	Build quality
Design quality	Reducing stress
Reducing uncertainty and doubt	Reduction of risk
Reliability	Resilience
Safety & security	Save space
Save time	Sense & sensation
Sense of belonging	Emotional wellness
Social status	Solving customer problems
Style	Support
Sustainability	Timely and useful information
Timely delivery	Training & development

Information

Information that is actionable, timely, accurate and credible has value. For example, an accurate weather forecast allows people to plan their weekend. Meaningful knowledge that isn't timely or actionable can also have significant value.

Needs

Functions and features that fulfill customer needs. Customer needs are based on the subjective evaluations of customers. They include both basic physical needs such as food and desired items such as diamonds.

Experiences

Intangible benefits such as an activity that is enjoyable.

Objectives & Goals

Processes and practices that achieve objectives and goals. For example, studying may achieve an objective such as passing a test. This may be related to a goal such as graduating with a degree.

Reliability

Products and services that work as expected in a wide range of conditions over time. For example, a bicycle might work reliably with minor maintenance for more than 5 years.

Quality of Life

The things that make communities happy, healthy, fulfilled, peaceful and prosperous such as a clean environment, quality education and adequate healthcare.

Risk

Things that reduce risks such as safety features.

Overview: Value Creation
Type	Business Models Economics
Definition	An activity that benefits people.
Related Concepts	Business Models Quality Reliability Engineering Customer Experience Product Development Rent Seeking Customer Needs Quality of Life Knowledge