What is Value?

The inherent worth of a product as judged by the customer and reflected in its selling price and market demand. For any product or service, customer typically values for: Quality, Price, Delivery, and Service etc.

Who defines the Value?
Value is always defined by customer.

Value in consumption and provision:

Today there is a gap between producers & customers that makes brilliant objects less satisfying in practice than in theory. We need to enter the age of lean thinking, seamlessly integrating provision and consumption.