Blended Value refers to an emerging conceptual framework in which non-profit organizations, businesses, and investments are evaluated based on their ability to generate a blend of financial, social, and environmental value. Blended value propositions are founded on the notion that value cannot be bifurcated, and is inherently made up of more than one measurement of performance. For example, under a blended value proposition, for-profit businesses would consider their social and environmental impact on society alongside their financial performance measurement. Within the same context, non-profit organizations would consider their financial efficiency and sustainability in tandem with their social and environmental performance. Blended value suggests the true measure of any organization is in its ability to holistically perform in all 3 areas.
It is necessary to invest in development of new products in order to create new products.
There is no need to invest in development of new products in order to reduce costs.