In business terms, business value refers to the concepts that guide your business. However, this does not address business value in depth. What does value truly mean for your business?
Similarly, to your personal values, a business relies heavily on principles to determine the direction on three key parts:
In a business, our values define what we care about or why we do what we do. This creates a vision and sets us on a mission to achieve this vision. In a business, again, we will take our principles as values, our behaviour as the mission, and our physical value as the vision. We will then add our key parts of the business direction to the equation to complete the diagram below.