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What is Value

Chapter 4
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)
Copyright: © 2019 |Pages: 15
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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Chapter 13
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.
Published in Chapter: Value Co-Creation in Faculty-Led Study Abroad Programs: A Service-Dominant Logic Approach; From: Handbook of Research on Study Abroad Programs and Outbound Mobility
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Chapter 2
The Axiological and Praxeological Relationship Between Political Islam and Liberal Democracy
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Chapter 3
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.
Published in Chapter: Big Data Analytics Demystified; From: Handbook of Research on Cloud Infrastructures for Big Data Analytics
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Chapter 6
Single-Minute Exchange of Die (SMED) and Lean Healthcare: Reducing Patient Journey in Emergency Care Units
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Chapter 19
Communicating Natural Calamity: The Sentiment Analysis of Post Rigopiano's Accident
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Chapter 11
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.
Published in Chapter: Organizational Symbolism: An Overview of the Tourism Industry; From: Organizational Behavior Challenges in the Tourism Industry
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Chapter 124
Spreadsheets
A numeric entry that has a value and may be used in a mathematical expression.
Published in Chapter: Spreadsheets; From: Encyclopedia of Information Technology Curriculum Integration
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Chapter 345
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.
Published in Chapter: The Internet and Tertiary Education; From: Encyclopedia of Information Science and Technology, Second Edition
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Chapter 3
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.
Published in Chapter: Quality Management Principles for Entrepreneurial Sustainability; From: Quality Management for Competitive Advantage in Global Markets
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Chapter 7
Sustainable Business Value
A measure of loss experienced in giving up a good or service
Published in Chapter: Sustainable Business Value; From: Handbook of Research on Green ICT: Technology, Business and Social Perspectives
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Chapter 9
The Importance of the Impact-Driven Business Model (IDBM) for Social Enterprises: Tool for Government Practitioners and Education – Model and Cases
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Chapter 7
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.
Published in Chapter: Teaching Education in Values Through Games in Primary Education; From: Global Perspectives on Value Education in Primary School
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Chapter 54
Data Guided Public Healthcare Decision Making
The value is an indicator of priority and it can be quantitative or qualitative.
Published in Chapter: Data Guided Public Healthcare Decision Making; From: Encyclopedia of Business Analytics and Optimization
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Chapter 4
Developing a Metaphor for Self-Managed Organizations
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Chapter 12
The Online Writing Program Administrator (OWPA): Maintaining a Brand in the Age of MOOCs
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Chapter 34
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.
Published in Chapter: Business Case Analytics; From: Encyclopedia of Business Analytics and Optimization
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Chapter 18
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.
Published in Chapter: Value Education in Elementary Ages; From: Global Perspectives on Value Education in Primary School
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Chapter 15
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.
Published in Chapter: Micro Lessons Approach in Management Education to Develop Graduate Attributes; From: Optimizing Education Through Micro-Lessons: Engaging and Adaptive Learning Strategies
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Chapter 14
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.
Published in Chapter: Effective Strategic Implementation for Organizational Sustainability; From: Organizational Management Sustainability in VUCA Contexts
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Chapter 3
Lean Thinking via Business Intelligence Technologies and Innovation Process
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Chapter 7
Market and Entrepreneurial Orientation Strategies in the Wood Furniture Industry in Mexico
It is an equivalent return in goods, products, services or experiences.
Published in Chapter: Market and Entrepreneurial Orientation Strategies in the Wood Furniture Industry in Mexico; From: Creativity Models for Innovation in Management and Engineering
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Chapter 15
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.
Published in Chapter: The Condition of Vulnerability in the Educational Context: Ethical Considerations and Juridical Perspectives; From: Handbook of Research on Healthcare Standards, Policies, and Reform
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Chapter 2
Experiential Value and Experiential Quality
Characterized as permanent motivations that people seek in their lives.
Published in Chapter: Experiential Value and Experiential Quality; From: Handbook of Research on Interdisciplinary Reflections of Contemporary Experiential Marketing Practices
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Chapter 10
The Use of Soft Computing in Management
A numerical quantity which was measured, assigned, or computed.
Published in Chapter: The Use of Soft Computing in Management; From: Handbook of Research on Novel Soft Computing Intelligent Algorithms: Theory and Practical Applications
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Chapter 5
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.
Published in Chapter: Small and Medium Tourism Enterprise Survival in Times of Crisis: “El Capricho de Gaudí”; From: Risk, Crisis, and Disaster Management in Small and Medium-Sized Tourism Enterprises
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Chapter 4
How and Why Is Work Meaningful (Beyond Survival Needs)?: Setting a Baseline
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Chapter 7
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 ).
Published in Chapter: Optimizing Patient Flow in Emergency Care Units and Lean Healthcare; From: Innovation, Strategy, and Transformation Frameworks for the Modern Enterprise
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Chapter 13
Big Data for Digital Transformation of Public Services
Intended outcomes, for instance efficiency or reputational gains, made possible by Big data analytics.
Published in Chapter: Big Data for Digital Transformation of Public Services; From: Disruptive Technology and Digital Transformation for Business and Government
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Chapter 29
Intelligent Techniques for Analysis of Big Data About Healthcare and Medical Records
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Chapter 13
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.
Published in Chapter: Entrepreneurial Intent and Opportunities Linkage for the Sustainable Tourism Sector; From: Handbook of Research on Designing Sustainable Strategies to Develop Entrepreneurial Intention
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Chapter 27
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.
Published in Chapter: Lean Enabled Structural Information Modeling; From: Handbook of Research on Building Information Modeling and Construction Informatics: Concepts and Technologies
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Chapter 9
Zero Customer Defection
Value has to do with how much something is worth, either in terms of cash or importance.
Published in Chapter: Zero Customer Defection; From: Adoption and Implementation of AI in Customer Relationship Management
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Chapter 2
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.
Published in Chapter: Random Processes and Visual Perception: Stochastic Art; From: Describing Nature Through Visual Data
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Chapter 28
Valuing Learning Objects Shared in an Online Community
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Chapter 29
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.
Published in Chapter: The 'Value' of Knowledge: Reappraising Labour in the Post-Industrial Economy; From: Handbook of Research on Knowledge-Intensive Organizations
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Chapter 19
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.
Published in Chapter: Examples of Activities That Can Be Used for Value Transfer in a Primary School 4th Grade Social Studies Course; From: Global Perspectives on Value Education in Primary School
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Chapter 10
The Integrated Value Model (IVM): A Relational Data Model of Business Value
The technical, economic, service, and social benefits an organization receives.
Published in Chapter: The Integrated Value Model (IVM): A Relational Data Model of Business Value; From: Using Strategy Analytics to Measure Corporate Performance and Business Value Creation
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Chapter 8
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.
Published in Chapter: The Phenomenon of Value Co-Creation and Its Place in Air Transport; From: Optimizing Digital Solutions for Hyper-Personalization in Tourism and Hospitality
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Chapter 128
Mutual Value in Business Relationships
The trade-off between benefits and costs.
Published in Chapter: Mutual Value in Business Relationships; From: Encyclopedia of Networked and Virtual Organizations
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Chapter 1
Gains and Losses in the Rhetoric of Virtual Workplaces
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Chapter 5
Social Enterprise Digital Marketing
Something of desired importance to an individual/s, could be tangible or intangible.
Published in Chapter: Social Enterprise Digital Marketing; From: Strategic Marketing for Social Enterprises in Developing Nations
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Chapter 9
Teleworking: The “New Normal” in Response to a Pandemic
Value is the perceived usefulness of something or the degree of importance.
Published in Chapter: Teleworking: The “New Normal” in Response to a Pandemic; From: Using Information Technology Advancements to Adapt to Global Pandemics
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Chapter 6
Valuing Intellectual Capital at the Postgraduate Level in Higher Education Institutions
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Chapter 13
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.
Published in Chapter: The Historical Importance of the Concept of Business Ethics and Evaluation in Terms of Employees in Human Resources; From: Multidisciplinary Approaches to Ethics in the Digital Era
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Chapter 6
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.
Published in Chapter: Random Processes and Visual Perception: Stochastic Art; From: Handbook of Research on Maximizing Cognitive Learning through Knowledge Visualization
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Chapter 14
Entrepreneurial Motivation to Participate in the Circular Economy
Similar to valence, this is used to reflect what is important to an individual.
Published in Chapter: Entrepreneurial Motivation to Participate in the Circular Economy; From: Handbook of Research on Entrepreneurship Development and Opportunities in Circular Economy
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Chapter 1
Digital Transformation Demystified: The Full Story About Digital Transformation
The perceived improvement in one’s life or work efforts due to a service consumption.
Published in Chapter: Digital Transformation Demystified: The Full Story About Digital Transformation; From: Impact of Digital Transformation on the Development of New Business Models and Consumer Experience
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Chapter 5
Unit of Analysis in Digitally-Enabled Electronic Procurement Research: A Literature Analysis
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Chapter 1
Understanding Big Data
Value represents the revenue and market value gained by an organization using the big data.
Published in Chapter: Understanding Big Data; From: Big Data Analytics for Sustainable Computing
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Chapter 10
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.
Published in Chapter: Review of Big Data Applications in Finance and Economics; From: Handbook of Research on Engineering, Business, and Healthcare Applications of Data Science and Analytics
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Chapter 4
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.
Published in Chapter: The Roles of Organizational Justice, Social Justice, and Organizational Culture in Global Higher Education; From: Handbook of Research on Organizational Justice and Culture in Higher Education Institutions
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Chapter 17
The Perception of the Effect of Tourism on the Local Community before the Ibiza Smart Island Project
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Chapter 454
Management of Strategic Knowledge and Technology in Government Agencies for Public Value
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Chapter 17
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.
Published in Chapter: Strategies for Engaging Students in the Online Environment; From: Handbook of Research on Fostering Student Engagement With Instructional Technology in Higher Education
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Chapter 3
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).
Published in Chapter: The Past, Present, and Future of E-Business Models; From: Impact of Digital Transformation on the Development of New Business Models and Consumer Experience
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