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What is Value

Multifaceted Explorations of Consumer Culture and Its Impact on Individuals and Society
A measure of the relative worth of an item.
Published in Chapter:
Mimetic Desire as Illustrated in The Joneses
David J. Burns (Kennesaw State University, USA)
DOI: 10.4018/978-1-5225-6120-0.ch004
Abstract
Individuals' participation in the marketplace has exceeded all projections. As opposed to a leisure-based utopia that was predicted by many, even with most basic needs being satisfied, most individuals continue to strive to obtain more and more income to participate in the marketplace at progressively higher rates. This chapter examines this seemingly counter-intuitive reality. Specifically, this phenomenon is explored within the theories of Rene Girard, where the concept of mimetic desire is discussed and advanced as a primary motivation behind most present-day consumption. The movie, The Joneses, is the used as an avenue to illustrate the theories of Rene Girard. Several conclusions are drawn.
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Value Co-Creation in Faculty-Led Study Abroad Programs: A Service-Dominant Logic Approach
A key concept in marketing. In a traditional goods-oriented view, it refers to a consumer’s overall assessment of the utility of a product based on his/her perceptions of the benefits and costs. Value has been defined as the amount of money that something is worth (‘what one gets, is what s/he pays’). However, value goes beyond the monetary nature. Literature suggests that value is a complex and multi-dimensional construct with different meanings i.e., value as symbolic meaning, value as a relativistic preference experience or value-in-use. In HE, students play an active role in creating the value of a university service.
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The Axiological and Praxeological Relationship Between Political Islam and Liberal Democracy
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Big Data Analytics Demystified
All that available data will create a lot of value for organizations, societies and consumers. Big data means big business and every industry will reap the benefits from big data.
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Communicating Natural Calamity: The Sentiment Analysis of Post Rigopiano's Accident
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Organizational Symbolism: An Overview of the Tourism Industry
The monetary worth of something, market price and also means a fair return or equivalent in goods, services, or money for something exchanged. On the other hand, value has been taken to mean moral ideas, general conceptions or orientations towards the world or sometimes simply interests, attitudes, preferences, needs, sentiments and dispositions. Values reflect what one feels is important in their life. At an individual level, values could include concepts such as caring, empathy, or trust, among many others. At the organizational level, examples of values might include accountability, customer service, and safety.
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Spreadsheets
A numeric entry that has a value and may be used in a mathematical expression.
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Analyzing Inter-Firm Manufacturing for a Circular Economy and Green Supply Chain Management
The creation of value for the customer is an important aspect of supply chain management.
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The Internet and Tertiary Education
The amount a “buyer” is willing to “pay” for a product or service. A business can “add” value by being a low cost providing, providing a unique or differentiated product or service, or filling a niche market.
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Quality Management Principles for Entrepreneurial Sustainability
Relative worth, merit, or importance and the worth of something in terms of the amount of other things, for which it can be exchanged; to consider worthy of respect, excellence, usefulness, regard or esteem highly.
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Sustainable Business Value
A measure of loss experienced in giving up a good or service
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Teaching Education in Values Through Games in Primary Education
A value is a conception, implicit or explicit, distinctive of an individual or characteristic of a group, of the desirable, which influences the selection from available modes, means, and ends of action.
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Data Guided Public Healthcare Decision Making
The value is an indicator of priority and it can be quantitative or qualitative.
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Business Case Analytics
Is an abstract idea that generates positive or negative bias. The biased perception of the value or attributes of the innovation in term influences choices and behaviors into believing that the object of the change is or is not worthwhile, such as: the quality of information, the availability of information, network linkages with stakeholders in the value chain, efficiency, flexibility, reporting compliance, means to achieve vision and excellence, and security.
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Value Education in Elementary Ages
Values are our standards and principles for judging worth. They are the criteria by which we believe 'things' (people. objects, ideas, actions, and situations) to be good, worthwhile, desirable, or, on the other hand, evil, worthless, and despicable.
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Micro Lessons Approach in Management Education to Develop Graduate Attributes
Relative worth, merit, or importance and the worth of something in terms of the amount of other things, for which it can be exchanged; to consider worthy of respect, excellence, usefulness, regard or esteem highly.
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Effective Strategic Implementation for Organizational Sustainability
Relative worth, merit, or importance and the worth of something in terms of the amount of other things, for which it can be exchanged; to consider worthy of respect, excellence, usefulness, regard or esteem highly.
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Lean Thinking via Business Intelligence Technologies and Innovation Process
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Market and Entrepreneurial Orientation Strategies in the Wood Furniture Industry in Mexico
It is an equivalent return in goods, products, services or experiences.
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The Condition of Vulnerability in the Educational Context: Ethical Considerations and Juridical Perspectives
What must be the object of choice or preference. Philosophically it is understood in a generalized sense, referring to any object of choice or preference.
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Experiential Value and Experiential Quality
Characterized as permanent motivations that people seek in their lives.
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The Use of Soft Computing in Management
A numerical quantity which was measured, assigned, or computed.
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Small and Medium Tourism Enterprise Survival in Times of Crisis: “El Capricho de Gaudí”
Value in business models is the worth in monetary terms of the technical, economic, service, and social benefits a customer company receives in exchange for the price it pays for a market offering.
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Optimizing Patient Flow in Emergency Care Units  and Lean Healthcare
Any action or process that a customer would be willing to pay for ( Womack & Jones, 1997 ).
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Big Data for Digital Transformation of Public Services
Intended outcomes, for instance efficiency or reputational gains, made possible by Big data analytics.
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Entrepreneurial Intent and Opportunities Linkage for the Sustainable Tourism Sector
Relative worth, merit, or importance and the worth of something in terms of the amount of other things, for which it can be exchanged; to consider worthy of respect, excellence, usefulness, regard or esteem highly.
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Lean Enabled Structural Information Modeling
A capability provided to a customer at the right time at an appropriate price, as defined in each case by the customer.
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Zero Customer Defection
Value has to do with how much something is worth, either in terms of cash or importance.
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Random Processes and Visual Perception: Stochastic Art
Value defines the intensity of a color in terms of lightness or darkness. It helps artists and designers to define form and creates spatial illusions on a two-dimensional surface. Contrast of value separates objects in space; gradation of value suggests mass and contour of a contiguous surface.
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The 'Value' of Knowledge: Reappraising Labour in the Post-Industrial Economy
An ethical as well as economic term to express a degree of worthiness or importance.
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Examples of Activities That Can Be Used for Value Transfer in a Primary School 4th Grade Social Studies Course
It is the system of beliefs brought about by the mind and the system of thought brought by the mind which distinguishes the individual from other living species.
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The Integrated Value Model (IVM): A Relational Data Model of Business Value
The technical, economic, service, and social benefits an organization receives.
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The Phenomenon of Value Co-Creation and Its Place in Air Transport
It is the way an individual perceives his/her environment. The value obtained from the product, on the other hand, creates the gains of the customers by obtaining that product.
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Mutual Value in Business Relationships
The trade-off between benefits and costs.
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Social Enterprise Digital Marketing
Something of desired importance to an individual/s, could be tangible or intangible.
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Teleworking: The “New Normal” in Response to a Pandemic
Value is the perceived usefulness of something or the degree of importance.
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The Historical Importance of the Concept of Business Ethics and Evaluation in Terms of Employees in Human Resources
Value is a concept that we gain from what we have been influenced by in the past and that we specify within our life choices.
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Random Processes and Visual Perception: Stochastic Art
Value defines the intensity of a color in term of lightness or darkness. It helps artists and designers to define form and creates spatial illusions on a two-dimensional surface. Contrast of value separates objects in space; gradation of value suggests mass and contour of a contiguous surface.
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Entrepreneurial Motivation to Participate in the Circular Economy
Similar to valence, this is used to reflect what is important to an individual.
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Digital Transformation Demystified: The Full Story About Digital Transformation
The perceived improvement in one’s life or work efforts due to a service consumption.
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Unit of Analysis in Digitally-Enabled Electronic Procurement Research: A Literature Analysis
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Understanding Big Data
Value represents the revenue and market value gained by an organization using the big data.
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Review of Big Data Applications in Finance and Economics
Data value refers to creating business value from new sources and kinds of data. The use of proper data and the ability of gathering meaningful results provide great resources for decision makers.
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The Roles of Organizational Justice, Social Justice, and Organizational Culture in Global Higher Education
The important and lasting belief shared by the members of a culture about what is good or bad and desirable or undesirable.
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Strategies for Engaging Students in the Online Environment
A feeling that course material and tasks are important to one’s future goals, self of identity, and interests.
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The Past, Present, and Future of E-Business Models
A concept that can be defined and expressed in a variety of ways. Value can be established through cost-benefit analysis, or it can be obtained primarily from product quality, low price, assortment, convenience, customer service, and ethical judgments. Value can be created in the factory, by the consumer, or through the company's collaboration with the client (co-creation).
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