‘Adding value’ or ‘add value’ or ‘value added’ are the most repetitively used words in all aspects of management sciences. In fact if we see it really holistically they form the crux, the basic question for every action or inaction of ours. Every little decision we make revolves around the adages of value addition. For e.g. the very basic of the decisions like waking up early or late, choosing to watch a TV program or reading a book or more important decisions like choosing a course to study; we are evaluating/calculating the value addition in each and everything, sometimes voluntarily while sometimes involuntarily. We are programmed to think and evaluate whether a particular decision of ours will generate better results? Add value to us by upgrading in terms of health, knowledge, welfare etc.? We do this all the time.
However the process doesn’t stop here. It could be more complex. At times there is a trade-off we have to make for every choice of ours. We have to compromise a thing or two for that particular value addition we desire. So keeping priorities in sight, we humans try to make the most intelligent decisions which maximize the event of value addition in that particular decision and a collection of other which inevitably shape and carve our lives.
However again if the same situation is given to different individuals and are told to maximize the value addition by taking the best possible route of action for certain desired results; the variability in results is inevitable. People according to their own discretion, perspective, and comprehension perceive the situation different from the other even if we keep the variables of the situation constant for all individuals of the sample.
It is said that it is very complex to keep things simple and very simple to keep things complicated. Hence to make it short I would just like to add that the icing on the cake does appear pretty. The cake looks wonderful with its layers of immaculate decoration but is of little worth if the flavour fails to justify its look. So to really add value to it; it is wise do something about the mediocrity of the flavour of the cake rather than colouring it further!
Just a thought :)