The key components of value creation in entrepreneurship include:
Value Proposition: A clear statement that explains how a product or service solves a problem or improves a situation for the customer. Customer Segment: Identifying and understanding the specific group of people who will benefit most from the offering. Channels: The means through which the product or service is delivered to customers, including distribution and communication channels. Customer Relationships: Building and maintaining strong, lasting relationships with customers to foster loyalty and advocacy. Revenue Streams: The various ways the business generates income from its value propositions.