Skip to main content

Getting Value for Money (VfM)

Completion requirements

Getting Value for Money is a crucial consideration for every business and therefore every business leader. Learn how to implement the Four Es to get better return on investment. 

What does Value for Money mean?

Creating the best return on investment for the consumer or end-user through your personal, or your business' activities. Turning the most cost-effective inputs into the most valuable outputs for everyone involved. 

The Four Es of Value for Money

One way of thinking about Value for Money is through the Four Es (below). 

The Four Es in Four Quadrants of various colours.

Each of these applies to a different part of your activities or operations. 


Getting the best quality inputs at the best value prices. 

This does not mean somehow maximising the quality and minimising costs; instead, it is about finding an economical balance that suits your goals.


How inputs are most efficiently turned into outputs through your company's transformation processes. Minimising waste and maximising productivity. 


How well outputs (your products or services) are turned into outcomes and impacts for the consumer or end user. 


Who and how many people benefit from your work.

A later addition than the others (thought of by the now defunct UK Department for International Development), this refers to the equal distribution of your impacts across the community and society as a whole. 

Now, you should go away and reflect on each stage of this – are you delivering your products or services in the most VFM way? The questions alongside the Four Es in the image below can act as the overarching framework for doing so. 

Four Es questions to ask.

About Us

BusinessBalls has been used by over 120 million people during the last decade. The website provides leadership, management, and compliance training for individuals and organisations. For over a quarter of a century, we have supported aspiring managers and leaders from all around the world — Find out more. The use of this material is free for self-development, developing others, research, and organisational improvement. Please reference authorship and copyright of material used, including link(s) to and the material webpage. 

Disclaimer: Reliance on this material and any related provision is at your sole risk. BusinessBalls Ltd assumes no responsibility for any errors or damages arising as a result of use.

Key Partners

Accipio Logo

You are currently using guest access (Log in)