6 May 2010 11:34
In a few hours, and despite the free dinner, I won’t be attending “Is a Roth Right for You?”
On account of my zip code, probably, Morgan Stanley Smith Barney invited me to call or email Jacqui to reserve my place at the free event with limited seating, which I didn’t. In addition to dinner, I’ll be missing the guest speaker, who as far as I can tell is the world’s sole “Vice President of Value Add and Retirement Marketing.”
“Value Add,” you ask? So did I, and I looked it up.
According to Steve Bloemer, value add is “your company’s unique blend of products and services, and how those are perceived by your prospects and clients.” He adds that “Among the value adds I envision as important for a web hosting provider, infrastructure, 24×7 support and hands-on expertise rank high.” Steve, an “Inside Sales Manager” at Hostirian elaborates. “Would two 20AMP circuits per rack be a value add, or simply norm? If you offer business class shared web hosting plans, would that be a value add? Certainly, value adds are competition driven.”
Steve Bosserman (no relation) hyphenates it and explains, “Value-add dominates our economic scorecard,” and “The concept of value-add also plays a role in information technology and data services.” He refreshingly admits that “Here, though, the meaning is vague.”
Susan M. Heathfield penned a short article on About.com, writing that “your value add moves beyond activities or actions performed and illuminates, instead, the actual contributions you made to your organization’s success.”
The Urban Dictionary is more straightforward. Its #1 definition is “A business euphemism for “the reason I’d like you to think I’m useful.””
Unfortunately, or not, I can only coin, not uncoin.
HTH,
Steve