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Chapter

Value Is in The Mind of the Perceiver

Chapter

Value Is in The Mind of the Perceiver

DOI link for Value Is in The Mind of the Perceiver

Value Is in The Mind of the Perceiver book

Value Is in The Mind of the Perceiver

DOI link for Value Is in The Mind of the Perceiver

Value Is in The Mind of the Perceiver book

ByGautam Mahajan
BookValue Dominant Logic

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Edition 1st Edition
First Published 2018
Imprint Productivity Press
Pages 4
eBook ISBN 9780367030582

ABSTRACT

Customers perceive a product based on their needs, their awareness, and their consciousness of the company, the sustainability, and the environment. Sometimes perceived value is seen as different from common sense, like people waiting overnight to buy a new iPhone, or standing in line for something that is free of charge, like a free shuttle, versus taking a taxi. This also depends on the user’s perception of the value of their time. Marketers are always trying to find ways of increasing perceived value. More people equate happiness to well-being and therefore to value and its creation to improve one's well-being. Value creation has to do with creating good and well-being. Creating value for others could create value for one and increase his/her value. Happiness, just like value, is a perception and depends on circumstances and context.

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