My idea of value creation is wealth creation , because finally if you have to measure value creation , that is the best barometer.
Because ultimately whatever endeavor you may do unless and until it does not lead to wealth creation for society as a whole , then it has no meaning.
So the question is do we need financial incentives for creating wealth.I do not know that ,but if it can be proven that financial incentives can lead to more wealth creation for society then any day I will prefer giving financial incentives .
One example is that government can come up with schemes/ policies to encourage people to open new small scale businesses , where it generates employment for people . This will lead to wealth creation for the business owner , jobs and income for all the employees and overall wealth creation for society which automatically means value creation for society.
According to me job creation is the best parameter for wealth creation for individual as well as society and that is called real value creation for society. Because if enough jobs are created / available in society so that people of working age are gainfully employed it will lead to so many positive after effects for the society as a whole.
