Weekly summary:
Huan Xu (Amy) 5701502095
How to create value: Creating value is the essence of business. But sometimes we lose sight of what value really is. We turn it into an abstract concept – a kind of business-speak – and when we do, we lose that tangible sense of what it actually means to create value in business.
The truth is, value is something quite real and quite concrete. If you want to understand how to create value in your business, think about being of service. All products of real value are embedded with specific ways of serving customers. Through that service, value is created.
Mis-match: the product and service have to match market,and continue improve the product and service, to satisfied customer needs.
Brand: brand is about the image and name. Brand is very important for the company. And it is important to create a good brand value in the market. And when customer see the image or heard the name, then they can think of your product.
Economic: the good economic is from people's happiness. If people feel happy, they will willing to consumption. Then the company will earn money, and the bank also willing to invest to expand the business, then create more jobs for people , after people have job, they can get salary, then they have money to buy things. So it is will be a cycle. The one of reason that cause the bad economic is political. If the political environment is on stable, maybe people will save the money in their pocket.