Glossary entry

English term or phrase:

securing value

English answer:

guaranteeing value for a wide segment of society (development concept)

Added to glossary by Jenni Lukac (X)
Oct 23, 2009 19:05
14 yrs ago
English term

securing value

English Social Sciences Economics
I don't understand this concept in contexts like this, for example:

We agree that securing value in the broadest sense, including to the economy, society and the environment, will be absolutely key to Ofwat’s delivery, with stakeholders, of sustainable development.
We support the list of priorities outlined in chapter 5 – water efficiency fits directly into the first four (Securing value in the broadest sense, Promoting long-term planning, Climate change and the Water Framework Directive).
http://www.waterwise.org.uk/images/site/Documents/waterwise ...

I would be very grateful if someone could provide an explanation, what exactly they mean by value and how do they secure it.
Change log

Oct 25, 2009 20:17: Jenni Lukac (X) Created KOG entry

Responses

1 hr
Selected

guaranteeing value (for a wide segment of society)

It is one concept of "sustainable development". Some international agencies finance development schemes that generate short-term benefits for a select few and that sometimes produce statistics of positive growth but that do not benefit the society as a whole in the long term. "Securing" value is making sure that the benefits are enduring and that the benefits are shared by wider section of the community. Example: "The overall theme of “securing value in the broadest sense” is a concept that..." www.ofwat.gov.uk/legacy/.../sd_consres_011106_wsh.doc
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4 KudoZ points awarded for this answer. Comment: "Thanks a lot, it is much clearer now. "
15 hrs

establishing sustainable sense of value

establishing a sense of ongoing value for the products and services being offered
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