Labor Illusion
A phenomenon where users perceive greater value in a service or product if they believe more effort was involved in its creation or delivery.
174 topics found for
“value enhancement”
Value Risk
The risk that the product being developed will not deliver sufficient value to the users, meaning it won't meet their needs or solve their problems.
Enrichments
Features or elements added to enhance the functionality or user experience of a system.
Stream-Aligned Team
A team structure focused on delivering value streams, often organized around a specific business capability or customer need.
Mid-Tier Value
A pricing strategy that offers a middle option with substantial value at a moderate price, often perceived as the best deal by users.
Value Proposition
A statement that explains the unique value a product or service provides to its customers, differentiating it from competitors.
Paradox of Value
An economic theory that explains why some necessities, such as water, are less expensive than non-essentials, like diamonds, despite their greater utility.
Instrumental Value
The worth of something based on its ability to help achieve a desired end or goal.
Gemba
A Japanese term meaning "the real place," used in Lean management to describe the place where value is created.