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It leads us to increasing value for individuals and by allocating and using resources to maximise benefit and minimise harm and waste.
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Information on the origin of products has been used to increase value for centuries.
The main goals of the approach, known as kaizen, are to reduce waste and to increase value for customers through continuous small improvements.
The variety of budgeting methods is extended to the types of efficiency measures used to increase value for money and to the alternative methods of projecting expenditures in cash, volume, and cost terms.
Countries like Oman seek to husband their oil and gas to extend their income over the long run, but Shell, aiming to increase value for its shareholders, has a shorter time horizon: its license in Oman expires in 2012, so it has emphasized pumping more oil sooner.
"In the past year we dramatically improved advertising monetization in line with our strategy to increase value for our customers.
By making itself persistent on the browser, SohoOS was able to increase value for users, and thereby, engagement.
"With this transaction, we will substantially strengthen two of our core businesses and create significant new options to increase value for shareholders".
Over the next several years, car manufacturers need to capitalize on their sensors, data and analytics, the transportation ecosystem around them and some creativity across the spectrum of the Five U's — usage latitude, update frequency, upkeep responsibility, upfront percentage, and ubiquity of service — to increase value for consumers and adapt to our changing needs.
But according to IFRC's Matthias Schmale, the best way to increase value for money was simple: "Provide more credible leadership through less marketing and spinning, and ensure actions match words".
With aid money flat-lining and many millions more still in need of life-saving health interventions, the debate on how to increase "value for money" of aid dollars is intensifying.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com