Mr Higham said the BBC wanted "to put more emphasis on measuring public value".
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Before it makes its decision, the Trust will undertake a public value assessment.
Surrey County Council said the service has been put on hold until it has carried out a public value review of children's services.
Mr Grade also introduced the concept of the Public Value Test which will be formally applied before new services, projects and changes, are given approval.
BBC: NEWS | Entertainment | BBC outlines 'radical' manifesto
The PVT has two parts - an assessment of public value, carried out by the BBC Trust, and a "market impact assessment" carried out by media regulator Ofcom.
The idea of a Public Value Test is to make a judgment about the value of the service, balanced against the rest of the market and any potential harm to competitors.
Whenever the BBC management proposes to launch a new service or make significant changes to an existing service the BBC Trust will consider the proposal and decide whether to launch a Public Value Test (PVT).
The Code of Practice for Official Statistics says ministers must "ensure that no statement or comment - based on prior knowledge - is issued to the press or published ahead of the publication of the statistics" and reminds them of their duty "to promote trust and maximise public value" of official data.
The fight over Strategic highlights the difference between how private investors and public markets value luxury hotels.
In most cases, public markets value companies, including hotel owners, in terms of multiples of their cash flow or earnings.
Whereas Europe's average ratio of public equity value to gdp is 114% and the U.S.' ratio is nearly 200%, Germany's is just 67%.
In Lebanon, a country that perennially teeters on the edge of chaos, Prime Minister Najib Mikati gets the public relations value of Twitter.
Will the public markets value them as highly?
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It was the first time that someone had demonstrated the public-health value of using intensivists.
But the complaint betrays an old-fashioned, paternalist view that having the right policies matters more than persuading the public of their value.
Without walking over his IP, his six principles of fomenting contagion nicely packaged in a handy acronym, STEPPS, are Social currency, Triggers, Emotion, Public, Practical value and Stories.
The financial watchdog, the National Audit Office, remains unhappy with their performance complaining that "HMRC's performance in answering calls from the public is poor value for money".
Prime Minister Jose Luis Rodrigues Zapatero told Spanish media the public must "value the institutional role which the monarchy has", and that he hoped everyone would "respect the judicial process".
For example, where it is well-known that the majority of public acquisitions destroy value, research by professor Laurence Capron from INSEAD shows that private deals, on average, do create value.
The provision of public goods will not equal the value of those goods to the public.
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The BBC uses licence fee-payers' money - public money - to fund its services, and so has a special responsibility to deliver real value to the public.
Freddie deBoer has a good piece up on the value of public goods.
Political leaders who do a lot of public speaking appreciate the value of staying fit.
How should someone who cares about civil rights, peace, and the value of public education vote in 2012?
But Americans obviously do value their public school system, to the tune of many hundreds of billions of dollars a year.
At a time when media landscapes are rapidly changing, journalism today needs to clearly show its added value for public interest.
However, they believe that public understanding of the value of biodiversity and natural resources suffers from having no intrinsic monetary value.
As a former equity analyst, he provides meaningful insight into the ways the public markets might eventually value a company.
By any available international standard, America's public schools deliver poor value for money: they cost a lot and their results overall are dismal.
Officials admit that reaching the fiscal target will be made easier by higher inflation, since it erodes the real value of public spending.
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