Focus on value guiding principle begins with assessing who the customers and stakeholders.
Everything the company does has to link back, directly or indirectly, to fee for itself, its customers, and other stakeholders. When focusing on price, the first step is to realize who the clients and key stakeholders are being served.
In case you're centered on money, you'll make choices now not based totally on price, but, based on cash. therefore, your odds of making a hit commercial enterprise diminish considerably. If as a substitute, your awareness of cost and what you need to offer, you'll locate that money comes your manner effortlessly.
The guiding principle focus on value tells us the way to keep away from outcomes just like the one within the video: “the entirety the carrier company does need to map lower back, at once or circuitously, to fee for their customer." The most critical element to remember is that price is defined by customers.
Learn more about stakeholders here: https://brainly.com/question/24601429
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