image missing True Value Metrics (TVM)
Meaningful Metrics for a Smart Society
TM
image missing TM
TRUE VALUE IMPACT ACCOUNTING
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
NAVIGATION IN PAGE TO SITE
NAVIGATION IN PAGE TO SITE
(I) CONTEXT
OVERVIEW / BACKGROUND / ISSUES /
CONSTRAINTS / POSSIBILITIES
G0 (I) GO CONTEXT
(III) MEASURES
BETTER METRICS /
TRUE VALUE IMPACT ACCOUNTING
G0 (III) GO MEASURES
(II) SYSTEM
THE SOCIO-ENVIRO-ECONOMIC SYSTEM /
ALL THE CAPITALS / ALL THE PROCESSES
G0 (II) GO SYSTEM
(IV) TEAM
ABOUT BURGESS / DIALOG /
CONNECTIONS /ARCHIVE / OTHER

G0 (IV) GO TEAM

CONTEXT
OVERVIEW / BACKGROUND / ISSUES / CONSTRAINTS / POSSIBILITIES

SYSTEMIC FAILURES / DYSFUNCTION / HUNGER / HOMELESSNESS / DESTRUCTION / POVERTY / MORALITY / KNOWLEDGE

GOOD PEOPLE STRUGGLING / AMAZING TECHNOLOGY / AMAZING POSSIBILITIES / MISSED OPPORTUNITIES
GO TOP
Civil war / Devastation / Genocide / Hunger / Homelessness / Poverty /

Moral Authority / Knowledge
Genocide (Liberia)

Hunger (Kenya)

Frontier (Moon) Albert Einstein
CONTEXT Open L07-CONTEXT
OVERVIEW / THE ARC OF HISTORY
LOTS TO LEARN FROM HISTORY AND WHAT IT MEANS FOR THE PRESENT AND THE FUTURE
Even though there has been amazing technological progress, almost everyone seems to be disappointed with the way the world works because in large part, the world does not work very well.
There is more knowledge, there are more ideas, there are more thinkers, there are huge possibilities, but even with all of this there is rather little progress compared to what is needed and what is possible. Something important is missing, and part of this is the lack of a system of performance measurement that embraces everything that matters. With the right metrics, it will be easier to move from 'talk' to 'walk'!
Open L070-OVERVIEW-HISTORY-1
TRENDS / PROGRESS AND PERFORMANCE
PROGRESS AND PERFORMANCE for the COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-TRENDS
Progress and performance of the ECONOMY
GDP growth has been strong ... but does not correlate well with quality of life and standard of living in wealthy mature economies
Open L0700-PP-ECONOMY
Progress and performance of the ENVIRONMENT
Degradation of the environment has been ignored for most of modern history. There is a growing appreciation that this is not sustainable.
Open L0700-PP-ENVIRONMENT
Progress and performance of the FINANCIAL ECONOMY
There are powerful metrics about financial performance ... but nothing of equivalent power for other segments of the system
Open L0700-PP-FINANCIAL-ECONOMY
Progress and performance of the SOCIETY
Some elements of society have progressed well, but too many parts of society are not working well. The potential for major social dysruption must be addressed
Open L0700-PP-SOCIETY
ISSUES
THOUSANDS OF ISSUES NEED TO BE ADDRESSED ... SYSTEM DYSFUNCTION NEEDS SYSTEM SOLUTIONS
Around 15,000 webpages ... text about hundreds of important issues in chronological download sequence
Open L0200-ISSUES-TextFileNav
Navigate to thousands of issues ... navigation by issue. No one single silver bullet will work!
Open L0200-ISSUES
Some KEY ISSUES Open L0200-ISSUES-Top-Few
EXAMPLE: System Dysfunction of a Complex System Open L0300-Systemic-Dysfunction
CRITICAL CONSTRAINTS
CONSTRAINTS slow progress more than anythng else
WRONG METRICS
METRICS are very powerful, but being used mainly to maximize economic growth and business profit
Open L07-MEASURES#WRONG
IDEAS
HUNDREDS OF IDEAS ... BUT NOT MANY GET THE TRACTION NEEDED TO MAKE A DIFFERENCE
Open L0200-IDEAS
THINKERS
PUTTING IDEAS INTO PRACTICE ... BUT VERY FEW ACHIEVE THE SCALE THAT NEEDED TO MAKE A SIGNIFICANT DIFFERENCE
Open L0200-THINKERS
POSSIBILITIES
MODERN TECHNOLOGY IS ENABLING AMAZING POSSIBILITIES
ANALYTICAL FRAMING / OPERATING CONSTRUCTS
MANY IDEAS ... ALL OF WHICH SHOULD BE MEASURED FOR EFFECTIVENESS
Open L070-AF-ANALYTICAL-FRAMING

SOCIO-ENVIRO-ECONOMIC SYSTEM
ALL THE CAPITALS / ALL THE PROCESSES

NOT JUST THE FINANCIAL DIMENSION ... BUT IMPACT ALSO ON PEOPLE, SOCIETY AND THE ENVIRONMENT
GO TOP
SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
THE COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-SEES
HUMAN CAPITAL
SOCIAL CAPITAL
NATURAL CAPITAL
CREATED PHYSICAL CAPITAL
CREATED INTANGIBLE CAPITAL
CREATED FINANCIAL CAPITAL

SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
THE COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-SEES
STATE ... CAPITALS
FLOW ... PROCESS - STREAMS/STRANDS/STRINGS - SECTORS/INDUSTRIES

ALL THE CAPITALS
THE STATE OF EVERYTHING
Open L070-CAPITALS
HUMAN CAPITAL
PEOPLE / QUALITY OF LIFE / COST OF LIVING / CONTRIBUTION TO SOCIETY
Human Capital / Babies / Families / Healthy Food
Open L0700-HC-HUMAN-CAPITAL
SOCIAL / RELATIONSHIP CAPITAL
PEOPLE IN GROUPS / IN COMMUNITIES / IN SOCIETY
Families / Friends / Communities / Connections
Open L0700-SC-SOCIAL-RELATIONSHIP-CAPITAL
NATURAL CAPITAL
NATURE / NATURAL SYSTEMS / NATURAL RESOURCES
Planet Earth / Land/ Air / Water / Trees / Storms /
Open L0700-NC-NATURAL-CAPITAL
CREATED PHYSICAL CAPITAL
BUILDINGS / INFRASTRUCTURE / MACHINERY AND EQUIPMENT / TRANSPORT EQUIPMENT
Indusrial Plant / Buildings / Vehicles / Bridges / Rail / Water / Ports /
Open L0700-CPC-CREATED-PHYSICAL-CAPITAL
CREATED INTANGIBLE CAPITAL
RULE OF LAW / SECURITY / KNOWLEDGE / CULTURE / INSTITUTIONS / ETC.
Laws / Justice / Security / Knowledge / Culture
Open L0700-CIC-CREATED-INTANGIBLE-CAPITAL
CREATED FINANCIAL CAPITAL
MONEY WEALTH / MONETIZED VALUE
Money / Profit growth / GDP growth / Stock Prices / Cost push inflation / Wages chasing prices
Open L0700-CFC-CREATED-FINANCIAL-CAPITAL

ALL THE PROCESSES
THE IMPACT OF ACTIVITIES / STREAMS / SECTORS

These are responsible for the amazing improvement in quality of life and standard of living over the past 200 years, and also responsible for the degradation of the environment. The efficiency of these are the key to a better world.
Open L0700-RE-PROCESSES

STREAMS / STRANDS / STRINGS
STREAMS / STRANDS / STRINGS REFLECT THE FLOWS THROUGH THE SOCIO-ENVIR0-ECONOMIC SYSTEM

LINKS BETWEEN PRODUCTION AND CONSUMPTION, DEPLETION OF NATURAL CAPITAL AND IMPROVEMENT IN HUMAN CAPITAL
Open L070-SS-STREAMS-STRANDS-STRINGS
ADVERTISING
ECOSYSTEM SERVICES
EDUCATION
ENERGY
Open L0700-SS-ENERGY
FOOD
Open L0700-SS-FOOD
INCOME
LABOR / JOBS / EMPLOYMENT
LAND
LIFESTYLE
Open L0700-SS-LIFESTYLE
MONEY
Open L0700-CFC-Money
TAXATION
Open L0700-SS-TAXATION
TOXINS
Open L0700-SS-TOXINS
WATER
Open L0700-SS-WATER

SECTORS / INDUSTRIES
SPECIALIZATION IN SECTORS HAS DELIVERED MAJOR EFFICIENCIES THROUGH SPECIALIZATION

PROCESSES THAT HAVE ENABLED PRUDUCTIVITY SO THAT PEOPLE ARE NOT CONSTAINED BY THE AVAILABILITY OF PRODUCTS
Open L070-SI-SECTORS-INDUSTRIES
AGRICULTURE - CROP
Open L0700-SI-AGRICULTURE-CROP
AGRICULTURE - LIVESTOCK
Open L0700-SI-AGRICULTURE-LIVESTOCK
BANKING-FINANCIAL-SERVICES
Open L0700-SI-BANKING-FINANCIAL-SERVICES
CONSTRUCTION
EDUCATION
Open L0700-SI-EDUCATION
FISHERIES
Open L0700-SI-FISHERIES
GOVERNMENT-PUBLIC-SECTOR
Open L0700-SI-GOVERNMENT-PUBLIC-SECTOR
HEALTH
Open L0700-SI-HEALTH
INVESTMENT
Open L0700-SI-INVESTMENT
LOGISTICS
Open L0700-SI-LOGISTICS
MEDIA
Open L0700-SI-MEDIA
MILITARY INDUSTRY COMPLEX
Open L0700-SI-MILITARY-INDUSTRY-COMPLEX
Military
Open L0700-SI-Military
Mining
Open L0700-SI-Mining
POLICE
Open L0700-SI-POLICE
POLITICS
Open L0700-SI-POLITICS
PROFESSIONS
Open L0700-SI-PROFESSIONS
Pulp-Paper
Open L0700-SI-Pulp-Paper
Iron-and-Steel
Open L0700-SI-Iron-and-Steel
Shipping
Open L0700-SI-Shipping
TECHNOLOGY
Open L0700-SI-TECHNOLOGY
TRANSPORT
Open L0700-SI-TRANSPORT
TRANSPORT-AIRCRAFT
Open L0700-SI-TRANSPORT-AIRCRAFT
WASTE
Open L0700-SI-WASTE
WATER / SEWER
Open L0700-SI-WATER-SEWER

MEASURES
BETTER METRICS ARE FUNDAMENTAL TO SUCCESS

TRUE VALUE IMPACT ACCOUNTING

ACCOUNTING AND ACCOUNTABILITY FOR EVERYTHING ... EVERY DIMENSION / EVERY ENTITY OF THE ECONOMY
GO TOP
Quality of Life / Natural Capital / Financial Capital / Physical Capital / Industrial Detritus
MEASURES
METRICS ARE IMPORTANT ... BUT THEY MUST BE MEANINGFUL

MODERN METRICS ARE DANGEROUSLY DYSFUNCTIONAL
It is widely accepted that you manage what you measure. The modern world has impressive data about corporate profit performance and the growth of financial wealth. These metrics dominate the conversation in the media, and important decisions being made in politics and business.
GDP (Gross Domestic Product) is a related metric that is deeply flawed because it ignores too many of the things that make life worth living.
Easy to use metrics about society and the environment are missing from the mainstream accountancy profession and the media. This has to change in order for the world to make progress towards a better world.
Open L07-MEASURES
OVERVIEW - TVIA
ACCOUNTABILITY FOR EVERYTHING USING DOUBLE ENTRY ACCOUNTING FOR EVERYTHING
Conventional financial accounting uses money as its unit of account, and concerns itself mainly with money revenues, costs and profits without taking into account the 'externalities' which impact society, natural resources and the environment.
The True Value Impact Accounting (TVIA) initiative builds on the powerful well-established double entry accounting construct to account for everything, giving accountability for ALL of CAPITAL (i.e. HUMAN CAPITAL, NATURAL CAPITAL and CREATED PHSYICAL AND INTANGIBLE CAPITALS) and not just FINANCIAL CAPITAL.
TVIA uses multiple UNITS OF ACCOUNT rather than only money and STANDARD VALUE PROFILES for the PRODUCTS that flow through the system
TVIA has a comprehensive architecture that enables coherent progress and performance reporting for ORGANIZATIONS, PEOPLE (Individuals and families), PLACES, PROCESSES, PRODUCTS and STREAMS.
The purpose of TVIA is to enable better decision making to build better societies and a sustainable world. An important part of the initiative is to facilitate better timely decisions by individual people.
Open L07-TVIA

CORE CONCEPTS
CORE CONCEPTS OF ACCOUNTANCY THAT SUPPORT TRUE VALUE IMPACT ACCOUNTING
Open L070-CC-CORE-CONCEPTS
L0700-CC-CONTINUOUS-IMPROVEMENT
L0700-CC-CONTINUOUS-IMPROVEMENT
Open L0700-CC-CONTINUOUS-IMPROVEMENT
COMPARISON TVIA -V- CONVENTIONAL-ACCOUNTANCY
L0700-CC-CONVENTIONAL-ACCOUNTANCY
Open L0700-CC-CONVENTIONAL-ACCOUNTANCY
L0700-CC-COST-ACCOUNTING
L0700-CC-COST-ACCOUNTING
Open L0700-CC-COST-ACCOUNTING
L0700-CC-COST-PRICE-VALUE
L0700-CC-COST-PRICE-VALUE
Open L0700-CC-COST-PRICE-VALUE
L0700-CC-DATA-AT-THE-CENTER
L0700-CC-DATA-AT-THE-CENTER
Open L0700-CC-DATA-AT-THE-CENTER
L0700-CC-FEEDBACK
L0700-CC-FEEDBACK
Open L0700-CC-FEEDBACK
L0700-CC-OPERATIONS-PandL-ACCOUNT
L0700-CC-OPERATIONS-PandL-ACCOUNT PLACEHOLDER
Open L0700-CC-OPERATIONS-PandL-ACCOUNT
L0700-CC-PROCESSES
L0700-CC-PROCESS
Open L0700-CC-PROCESSES
L0700-CC-PRODUCTS
L0700-CC-PRODUCTS
Open L0700-CC-PRODUCTS
L0700-CC-PROGRESS-PERFORMANCE
L0700-CC-PROGRESS-PERFORMANCE
Open L0700-CC-PROGRESS-PERFORMANCE
L0700-CC-STATE-BALANCE-SHEET
L0700-CC-STATE-BALANCE-SHEET PLACEHOLDER
Open L0700-CC-STATE-BALANCE-SHEET
L070-RE-REPORTING ENTITIES
L070-RE-REPORTING-ENTITIES
Open L070-RE-REPORTING-ENTITIES
L070-UA-UNITS-OF-ACCOUNT
L070-UA-UNITS-OF-ACCOUNT
Open L070-UA-UNITS-OF-ACCOUNT

REPORTING ENTITIES
REPORTING FOR ORGANIZATIONS, PEOPLE, PLACES, PROCESSES, PRODUCTS, STREAMS
Open L070-RE-REPORTING-ENTITIES
ORGANIZATIONS
PURPOSE SHOULD BE MORE THAN JUST MAXIMIZING PROFIT
Open L0700-RE-ORGANIZATIONS
PEOPLE
THE MAIN PURPOSE OF EVERYTHING IS TO IMPROVE QUALITY OF LIFE FOR PEOPLE
Open L0700-RE-PEOPLE
PLACES
WHERE EVERYTHING COMES TOGETHER ... THE PEOPLE LIVE. ORGANIZATIONS PRODUCE AND POLLUTE
Open L0700-RE-PLACES
PROCESSES
WHERE AMAZING TECHNOLOGY SHOULD BE APPLIED FOR COMPREHENSIVE EFFICIENCY
Open L0700-RE-PROCESSES
PRODUCTS
PRODUCTS FLOW THROUGH THE SYSTEM, AND THROUGH USE DELIVER VALUE TO PEOPLE AND SOCIETY
Open L0700-RE-PRODUCTS
STRANDS
EVERYTHING HAS AN IMPACT ON EVERYTHING ELSE
Open L0700-RE-STRANDS

UNITS OF ACCOUNT
MORE POWERFUL THAN MONETIZING IMPACT
Conventional financial accounting uses money as its unit of account, and there are established methods for the use of multiple currencies when this is needed because of the nature of the business.
With TVIA, multiple UNITS OF ACCOUNT are used in a similar way to account for the way in which different activities impact ALL the CAPITALS that make up the SOCIO-ENVIRO-ECONOMIC SYSTEM. This is more powerful and more flexible than the idea of valuing everything using money and markets
Open L070-UA-UNITS-OF-ACCOUNT
MONEY
Long history as the foundation for ALL economic measurement ... but in need of complementary metrics to address all issues
Open L0700-UA-MONEY
A UNIT OF ACCOUNT FOR LIFE AND QUALITY OF LIFE
LIFE and QUALITY OF LIFE are the most important measure of PROGRESS and PERFORMANCE
Open L0700-UA-HUMAN-CAPITAL
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - LAND
LAND IS LIMITED and there are many alternative uses that are required in a sustainable system.
Open L0700-UA-LAND
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - WATER
WATER is vital for human life as well as for production in both people built systems and in natural systems
Open L0700-UA-WATER
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - AIR
Degradation of CLEAN AIR has consequences including deterioration of human health
Open L0700-UA-AIR
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - CLIMATE / GHG
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
Open L0700-UA-CLIMATE-GHG
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - BIODIVERSITY
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
Open L0700-UA-BIODIVERSITY
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - ECO-SYSTEM SERVICES
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
Open L0700-UA-ECOSYSTEM-SERVICES
A UNIT OF ACCOUNT FOR NATURAL CAPITAL - NATURAL RESOURCE DEPLETION
Changes in the ATMOSPHERE as a result of Green-House-Gas (GHG) emissions are changing climate behavior with huge existential implications.
Open L0700-UA-NATURAL-RESOURCE-DEPLETION

STANDARD VALUE PROFILES
AN OPEN ACCESS DATABASE FOR STANDARD VALUE PROFILES FOR EVERYTHING
Open L070-STANDARD-VALUE-PROFILES
STANDARD VALUE PROFILE DATABASE
CRITICAL DATA ABOUT THE TRUE COSTS AND VALUE OF EVERY PRODUCT ON THE PLANET
Well managed companies know a lot about every product that is flowing into their organizations and being produced for sale. There is nothing like this level of knowedgle about the products that are flowing through society and having impact on people and the environment.
In companies one technique for documenting knowledge about products is the idea of Standard Costs which is powerful and relatively low cost. In the TVIA data architecture, the equivalent are STANDARD VALUE PROFILES.

TRENDS / PROGRESS AND PERFORMANCE
TRENDS / PROGRESS AND PERFORMANCE OF THE SOCIO-ENVIRO-ECONOMIC SYSTEM

POSSIBIITIES HAVE BEEN HUGE ... ACCOMPLISHMENTS HAVE BEEN MUNDANE BY COMPARISON
GO TOP


PROGRESS AND PERFORMANCE
THE COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L070-PP-PROGRESS-PERFORMANCE
PROGRESS AND PERFORMANCE OF THE ECONOMY
GDP growth has been strong ... but does not correlate well with quality of life and standard of living in wealthy mature economies
Open L0700-PP-ECONOMY
PROGRESS AND PERFORMANCE OF THE ENVIRONMENT
Degradation of the environment has been ignored for most of modern history. There is a growing appreciation that this is not sustainable.
Open L0700-PP-ENVIRONMENT
PROGRESS AND PERFORMANCE OF THE FINANCIAL ECONOMY
There are powerful metrics about financial performance ... but nothing of equivalent power for other segments of the system
Open L0700-PP-FINANCIAL-ECONOMY
PROGRESS AND PERFORMANCE OF SOCIETY
Some elements of society have progressed well, but too many parts of society are not working well. The potential for major social dysruption must be addressed
Open L0700-PP-SOCIETY

TEAM GO TOP

ABOUT BURGESS
Navigation to -->
MainNav
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MOST EVERYTHING ABOUT PETER BURGESS (TPB)
Bio Background / Draft Manuscripts / Essays / Blogs / Connections / Experience and lessons learned
Open n1-Burgess GO #TPB presentation
BURGESS BIO
Updated CV as of November 2016
Open Burgess Bio PDF
EVENTS - Current year
This also gives navigation to EVENTS for prior and future years
Open L0200-EVENTS-2017
BURGESS DIALOG
Navigation to some of the DIALOG between Peter Burgess abd others
Open L0200-DIALOG

OTHER GO TOP

SOME HISTORY OF THIS WEBSITE
The HOME page retired in March 2017
Updated CV as of November 2016
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