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Value Creation
Businesses exist to deliver products and/or services in order to generate value for both shareholders and other stakeholders. The market is global, and the context in which businesses are developed is characterized by strong competition and fast change. Knowledge constitutes the basis for the creation of wealth in organizations. In turn, research and development are the main sources of creation of this knowledge. It is through ideas and innovation that organizations can better convert knowledge into innovative products and/or services with utility, quality, and added value, enhancing the sustainable development of businesses and societies. This entry has been organized into the following sections: History, The Concept of Added Value and Value Creation, and The Role of Knowledge Assets and Quality.
History
The concept of value has been ...
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