Economic Value of A Process

I received and interesting email from Tony Bonn.  Where he suggested that processes have economic value.  Adam Smith argued a wealth of a nation is not based upon its amount of stored money or the total value of assets.  Instead a countries wealth is based upon its ability to produce goods and services.  Does this same concept hold true for an organization?

In the information age an organizations economic value is its ability to produce goods and services not just a summation of assets and cash.   Of course physical assets and cash are necessary, but not as necessary as the processes the organizations utilizes.  The argument goes like this, the better the process the more an organization can produce.  Those organizations with the best processes in place are able to produce the highest value of goods and services. The process, the how, is more important in developing software than the physical assets used to create software.

It seems logical a certain amount of value needs to place on the processes of an organization.  If a processes increases the book value of an organization it increases the stock value too.

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