The essence of value creation is th

The essence of value creation is the ability to provide more valuable products or services to the market than the existing alternatives, and to do this as efficiently as possible. Business pursues the maximum profit with the shortest time and the least cost. Value is created when existing resources are used for more valuable purposes. Or, produce an already valuable food or service with less resources needed.There are two dimensions to create value, one is to improve efficiency, the other is to create opportunities.Improving efficiency can be achieved by reducing waste, automation, reducing costs and so on. To create opportunities, we need to make use of existing resources and increase various ways to make rational use of them.Whether it is through identifying new opportunities to reuse existing resources, greater use value or existing identified goods or services can use less valuable resources, resulting in profit-seeking companies to create value for owners, customers and other stakeholders continuously promote the economy to a more efficient resource allocation.