The core idea of the framework includes three key research areas of VBM, such as strategic planning analysis, the source of value and value-driven factor analysis, and performance management analysis.

框架以价值管理层次理论为基础，其核心思路包括VBM的三个重点研究方面：战略规划分析、价值源泉和价值驱动因素分析，以及绩效管理分析。

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The first stage in the cycle is that of factor-driven economies which focus on low-cost basic factor conditions, such as low-skilled labour, natural resources and geographic location.

BBC: Business

This factor driven the building boom as the government scrambles to make up for lost export revenue.

FORBES: China: Juggernaut or Shooting Star?

Any economy typically has an evolutionary cycle wherein its growth is driven either by factor, investment or innovation.

BBC: Business