image missing Date: 2021-10-17 Page is: DBtxt003.php L0900-MM-Cost-Price-Value-2a


MANAGEMENT METRICS
COST, PRICE & VALUE [2a]
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BEHAVIOR OF PROFIT - v - BEHAVIOR OF VALUE ADD
Value has social, environmental and economic elements
The behavior of cost, the behavior of price and the behavior of value determine the performance of any activity.
Conventional financial analysis enables the management of an activity to optimize for economic profit.
TrueValueMetrics (TVM) makes social and environmental impact as important as economic profit
TVM also addresses performance from all the perspectives as the elements flow between different entities.


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