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Existential Business Value

Meaning ● Existential Business Value, in the SMB arena, represents the fundamental reason a business continues to operate and grow, tying directly to its long-term viability in the face of market changes and internal advancements. This goes beyond simply generating profit; it pertains to defining a purpose and creating sustainable value for all stakeholders, including employees, customers, and the community. ● Furthermore, for SMBs, it specifically addresses how automation and efficient implementation strategies contribute to achieving and maintaining this core purpose. In practical terms, it looks at how technological investments solidify the business’s reason to exist. ● Consider it the underlying ‘why’ that drives strategic decisions about what aspects of automation and growth SMBs pursue. Achieving existential business value drives SMB success. ● The essence is ensuring that every automated process and expansion effort aligns with the company’s core mission, ensuring continuous relevance and competitive advantage. A primary aspect involves leveraging technology to enhance core business operations rather than simply adopting it for adoption’s sake. ● Defining Existential Business Value helps focus SMB implementation strategies. The continuous assessment is also vital.