fullvalue

Fullvalue is a term used in business and economics to describe the total value created by an activity, product, or organization, encompassing financial returns as well as social, environmental, and long-term effects. Because there is no single standardized definition, its meaning varies by context, company, and framework.

In practice, fullvalue analysis seeks to quantify or at least illuminate not only profits and costs but also externalities, opportunity costs, and downstream impacts on stakeholders. It is associated with value-based management, sustainable accounting, and impact assessment approaches that aim to align strategic decisions with broader value creation.

Common applications include corporate strategy, product development, and sustainability reporting. By considering full value, firms may pursue innovations that improve customer well-being, reduce negative environmental impact, support communities, and create long-term resilience, even when short-term financial metrics appear less favorable.

Measurement methods vary and can include full-value mapping, value chain analysis, life-cycle assessment, and social return on investment (SROI). Some frameworks integrate fullvalue with the triple bottom line or total value of ownership concepts to capture economic, social, and environmental performance.

Criticism centers on measurement challenges, data availability, and the subjectivity involved in weighting diverse outcomes. Critics also caution against double counting or over-claiming benefits.

See also: value, value-based management, triple bottom line, total value of ownership, externality, sustainability accounting.