How do I identify and prioritise value streams in my small business?
Value streams are the series of steps that create value for customers. To identify and prioritise these, map out all processes and assess their importance to customer satisfaction. This involves understanding which processes contribute most to your product or service. Once identified, focus resources on the most critical areas to ensure maximum impact. Prioritising value streams helps in efficient resource allocation and enhances financial recovery by concentrating efforts on what truly matters.