Value add in my own words is "that thought or action or deed that brings happiness or feelings of joy to anyone, without causing any harm or cost or expense to you or others which may fully offset the happiness or joy felt " This definition may sound peculiar.Let me give some simple examples of Life:Birth of a baby- is a value add because it brings happiness or joy to the parents etc. in a family. The opposite of it Death may cause sadness. If the baby born is still born or with physical challenges that may not be Value Add that may be a Value Subtract with harm, cost or expenses as consequences that may bring misery.Be that as it may, let us look at Value Add in Life!
The COVID-19 pandemic has taught us valuable lessons about resilience in business. One key takeaway is the importance of conserving cash and other resources that may become scarce during challenging times. Businesses must prioritize financial prudence to sustain operations and navigate uncertainties effectively. This approach not only helps in weathering immediate crises but also positions organizations for long-term stability and growth. Reflecting on these lessons can guide future strategies and enhance preparedness for any unforeseen events.
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