Rather, process implies general understandings regarding competent performance such as timing, options to be included, evaluation, and reporting. Sequences might arise as part of these understandings. Productivity Productivity refers to measures of efficiency of the use of resources. Value Value refers to the degree of worth relative to cost and relative to possible alternatives of a product, service, process, asset, or function. Organizations frequently use value considerations to determine the benefits of various options relative to their costs, such as the value of various product and service combinations to customers.
Organizations seek to deliver value to all their stakeholders.
This frequently requires balancing value for customers and other stakeholders, such as stockholders, employees, and the community.