TRUE VALUE METRICS
image missing Numbering the Triple Bottom Line

Accounting for ALL the Capitals
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Navigation to a massive amount of information
SITE
NAV
CONTEXT
ISSUES
POSSIBILITIES
HOW THE
WORLD
WORKS
ACTIVITIES
SECTORS
STREAMS
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ORGANIZATIONS
PRODUCTS
STUFF
CONSUMPTION
PLACE
COMMUNITIES
COUNTRIES
PEOPLE
QUALITY
OF LIFE
NATURE
SOURCE of
all VALUE
ECONOMY
MONEY
LIQUIDITY
TRUEVALUE
DATA at
the CENTER
ABOUT
VISION
STRATEGY
INPAGE (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
Double Entry AccountabilityTM
for PEOPLE, PLANET and PROFIT
FACING UP TO CHRONIC UNSUSTAINABILITY
METRICS TO MAKE THE WORLD A BETTER PLACE
TRANSPARENCY / ACCOUNTABILITY
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
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#1 CONTEXT
THOUSANDS OF ISSUES and EXISTENTIAL RISKS
GREAT POSSIBILITIES
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ISSUES ... EXISTENTIAL RISKS
SIMPLE SOLUTIONS NOT GOOD ENOUGH

INCOME
INEQUALITY

PLASTIC
POLLUTION

CONSUMPTION
WASTE

FOOD
DEFORESTATION

NO WATER
DROUGHT

FINANCIAL
GREED
  • There is no one slver bullet that is going to solve all problems.
  • There are thousands of issues in many different places and different situations.
  • The world needs thousands of locally relevant solutions ... most of which are available.
MANY TERRIBLE OUTCOMES ... WHY?

Poverty
Starvation

War - Physical
Destruction

War - Human
Lives Lost

Urban
Decay

Industrial
Pollution

Extreme
Weather
  • The single biggest reason is that solving these problems does not generate wealth for the people in power.
  • Follow the money.
  • Better metrics will help to solve these problems.
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MANY POSSIBILITIES
GOOD PEOPLE AMAZING TECHNOLOGY

Nuclear
Family
Nelson Mandella
South Africa
Paul Polman
Unilever

Aerospace
Rolls Royce

Transport
Maersk

Communications
Apple
  • There are good nice people everywhere on the planet.
  • People need to have ways to better themselves and their families.
  • At the same time they should be able to better the world.
  • We have got to use technology to make it possible for people to have a better life.
  • This is a lot more than deploying technology to make the most financial wealth.
  • It is about people and the environment and the profit, not just the profit.
Site Navigation
CONTEXT / ISSUES /POSSIBILITIES
SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION
GOOD PEOPLE / AMAZING TECHNOLOGY / HUGE POSSIBILITIES
Open L07-CONTEXT-ISSUES-POSSIBILITIES
SITE NAVIGATION
CONTEXT / ISSUES /POSSIBILITIES
Open L0700-SN-CIP
HISTORY / KEY EVENTS
TIPPING POINTS / CHANGES IN DIRECTION
Open L070-KE-KEY-EVENTS
PROGRESS AND PERFORMANCE
MANY DIFFERENT TRENDS
Open L070-PP-PROGRESS-PERFORMANCE
ISSUES
THOUSANDS OF ISSUES THAT CONSTRAIN SUCCESS
Open L070-IS-ISSUES-SUBJECTS
....... SOCIAL ISSUES Open L0200-IS-SO-SOCIAL-ISSUES
....... ENVIRONMENTAL ISSUES Open L0200-IS-EN-ENVIRONMENTAL-ISSUES
....... ECONOMIC ISSUES Open L0200-IS-EC-ECONOMIC-ISSUES
ISSUES in alphabetical sequence of subjects Open L0200-ISSUES-Alpha
ISSUES in chronological sequence ... more than 15,000 pages by download date Open L0200-ISSUES-Chrono
EXISTENTIAL RISKS
MAINLY IGNORED BY INVESTORS, BUSINESS MANAGERS AND POLITICIANS
Open L070-XR-EXISTENTIAL-RISKS
POSSIBILITIES
TIPPING POINTS / CHANGES IN DIRECTION
Open L070-AP-AMAZING-POSSIBILITIES
IDEAS
INTERESTING IDEAS TO MAKE THE WORLD A BETTER PLACE
Open L070-II-INTERESTING-IDEAS
ENGINEERING AND TECHNOLOGY
MASSIVE PROGRESS IN THE LAST 200 YEARS
Open L070-ET-ENGINEERING-TECHNOLOGY
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#2 HOW THE WORLD WORKS
SOCIO-ENVIRO-ECONOMIC SYSTEM
GO TOP
IT'S A COMPLEX WORLD!
... and it is being gamed for the benefit of those who own financial capital
at the expense of those that don't, without adequate concern for the
depletion and degradation of natural capital
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ACTIVITIES
SOCIETY

CONSUMPTION
ENVIRONMENT

DEGRADATION
ECONOMY

PROFITS
SOCIAL AND ECONOMIC ACTIVITIES IMPACT ALL THE CAPITALS
What is good for one part of the system may not be good for other parts of the system. In the main, the decision makers have optimized for business profit and the accumulation of wealth without taking into account the negative impact on a big part of society and almost all aspects of the environment.
PROCESSES

PRODUCTS

PLACES
PERSPECTIVE MATTERS ... BEWARE SIMPLISTIC ANALYSIS
TrueValueMetrics is multi-perspective and multi-dimensional ... and as simple as possible using standard profile benchmarks to assess actual performance of everything.
More ... Open L07-ACTIVITIES-SECTORS-STREAMS
More ... Open L07-PRODUCTS-STUFF-CONSUMPTION
More ... Open L07-PLACE-COMMUNITIES-COUNTRIES
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CAPITALS
SOCIAL
CAPITAL


SOCIO
NATURAL
CAPITAL


ENVIRO
ECONOMIC
CAPITAL


ECONOMIC
IMPACT ALL THE CAPITALS
Optimization for profit has been very effective and financial wealth has grown robustly for the past 40 years, but the impact on society has been much less positive and impact on the environment very negative, and now posing an existential risk to the future of humanity.
More ... Open L07-STATE-ALL-THE-CAPITALS
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ACTORS
People
as ACTORS


Organizations
as ACTORS


DATA at
the CENTER

MANAGEMENT ... ACCOUNTABILITY ... DATA AT THE CENTER
PEOPLE make decisions ... often within ORGANIZATIONS. PEOPLE have to be held accountable for the decisions they are making. This key role of DATA is to make accountability timely and meaningful.
More ... Open L07-ACTORS-PEOPLE-ORGANIZATIONS
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MONEY ... LIQUIDITY
MONEY

LOSING VALUE
GDP SIZE

HUGE GROWTH
INTANGIBLES
SMALL REAL VALUE
ECONOMIC LUBRICANT ... NOT THE ENGINE
Money has no real power ... it is not the engine of progress, but simply the lubricant. Too much of recent economic progress has been measured only in financial terms. Environmental and social impact metrics are undeveloped and essentially ignored.
More ... Open L070-ML-MONEY-LIQUIDITY
Site Navigation
OVERVIEW / THE WHOLE SYSTEM
The SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
Open L07-HOW-SEES-WORKS
SITE NAVIGATION
The SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
Open L0700-SN-SEES
CONTEXT / ISSUES /POSSIBILITIES
SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION
Open L07-CONTEXT-ISSUES-POSSIBILITIES
ACTIVITIES / SECTORS / STREAMS
FLOWS THAT IMPACT STATE (ALL THE CAPTALS)
Open L07-ACTIVITIES-SECTORS-STREAMS
STATE / ALL THE CAPITALS
NOT JUST THE FINANCIAL CAPITAL
Open L07-STATE-ALL-THE-CAPITALS
ACTORS / PEOPLE / ORGANIZATIONS
FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY
Open L07-ACTORS-PEOPLE-ORGANIZATIONS
PRODUCTS / STUFF / CONSUMPTION
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
Open L07-PRODUCTS-STUFF-CONSUMPTION
PLACE / COMMUNITIES / COUNTRIES
WHERE LIFE IS LIVED ... WHERE EVERYTHING NEEDS TO COME TOGETHER
Open L07-PLACE-COMMUNITIES-COUNTRIES
PEOPLE / QUALITY OF LIFE
THE ESSENTIAL PURPOSE OF ALL ACTIVITY
Open L07-PEOPLE-QUALITY-OF-LIFE
NATURE / SOURCE OF ALL VALUE
EVERYTHING DEPENDS ON NATURE
Open L07-NATURE-SOURCE-OF-ALL-VALUE
ECONOMY / MONEY / LIQUIDITY
PROFIT LESS IMPORTANT THAN PEOPLE AND PLANET
Open L07-ECONOMY-MONEY-LIQUIDITY
TRUE VALUE / DATA at the CENTER
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE
Open L07-TRUE-VALUE-DATA-at-the-CENTER
TVM / VISION and STRATEGY
Better metrics for ALL the ACTIVITIES, CAPITALS, ACTORS, PLACES and PRODUCTS
Open L07-ABOUT-VISION-STRATEGY
More about TrueValueMetrics
An initiative to use better metrics for decision making and accountability
Open L070-TVM
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#3 ACTIVITIES / SECTORS / STREAMS GO TOP
ACTIVITIES should be managed for
ALL the CAPITALS and the TRIPLE BOTTOM LINE
SOCIAL IMPACT ENVIRONMENTAL IMPACT ECONOMIC IMPACT
There is a cost of living to support quality of life
There are contributions that people make
There is net benefit AND change to capitals (hopefully positive)
There are storms, earthquakes and natural disasters
Ecosystem services are a source of all value
There is net benefit AND change to capitals (mostly negative)
There are operating costs for all oconomic activities
There are benefits from economic activity
There is net benefit AND change to capitals (hopefully positive)
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SECTORS / INDUSTRIES / PROCESSES
Have deep technical competence that is valuable
MINING
PRODUCTION
LOGISTICS
Every sector, every industry, has become very specialized and over a long period of time has been optimized for profit performance. In the past, too little attention has been paid to social and environmental issues, and this must change.
More ... Open L07-ACTIVITIES-SECTORS-STREAMS
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STREAMS / STRANDS / STRINGS
All about the complexity of the impacts activities have on everything
SUPPLY CHAIN
USE

WASTE

Everything that is used to support a high standard of living and quality of life has a long supply chain, then production and distribution, then use, and then a post use waste chain. For metrics to be meaningful, all of these stages must be brought into account.
More ... Open L07-ACTIVITIES-SECTORS-STREAMS
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PRODUCTS
Key to system performance ... the activity that produces the goods / services
FOOD

CARS

CLOTHES
Products (goods and services) are some of the things that support quality of life. Without them quality of life degrades, and at the limit, people die. Products flow through the system. Design products the right way and the performance of the system can be improved enormously.
More ... Open L07-PRODUCTS-STUFF-CONSUMPTION
Site Navigation
ACTIVITIES / SECTORS / STREAMS
FLOWS THAT IMPACT STATE (ALL THE CAPITALS)
Open L07-ACTIVITIES-SECTORS-STREAMS
STREAMS / STRANDS / STRINGS
IMPACTS ALL THE WAY THROUGH THE LIFE CYCLE
Open L070-SS-STREAMS-STRANDS-STRINGS
SECTORS / INDUSTRIES
A LOT OF SPECIALIZATION AT THE SECTOR / INDUSTRY LEVEL
Open L070-SI-SECTORS-INDUSTRIES
PROCESSES
THE EFFICIENCY OF PROCESSES IS IMPORTANT
Open L070-PC-PROCESSES
PRODUCTS
PRODUCTS FLOW THROUGH THE SYSTEM END TO END
Open L070-PD-PRODUCTS
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#4 STATE / ALL THE CAPITALS
SOCIAL / NATURAL / ECONOMIC
GO TOP
ALL THE CAPITALS MATTER
TAKE INTO ACCOUNT ALL THE CAPITALS
SOCIAL CAPITAL NATURAL CAPITAL ECONOMIC CAPITAL
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Individual

The basis for everything important ...
Family

The family an important part of the social structure
Community

The place factors into quality of life
SOCIAL CAPITAL
(1) HUMAN CAPITAL
(2) RELATIONSHIP CAPITAL
(3) LOCATIONAL CAPITAL
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LAND
RESOURCES
WATER
BIODIVERSITY
AIR
ECOSYSTEMS
NATURAL CAPITAL
(1) LAND
(2) WATER
(3) AIR
(4) RESOURCES
(5) BIODIVERSITY
(6) ECOSYSTEMS
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FINANCIAL

Adding to wealth is most popular goal ...
PHYSICAL

Tangible physical structures ...
INTANGIBLE

Important elements for quality of life ...
ECONOMIC CAPITAL
(1) FINANCIAL CAPITAL
(2) PHYSICAL CAPITAL
(3) INTANGIBLE CAPITAL
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Site Navigation
STATE / ALL THE CAPITALS
NOT JUST THE FINANCIAL CAPITAL
Open L07-STATE-ALL-THE-CAPITALS
More about CAPITAL / STATE Open L070-CS-CAPITAL-STATE
SOCIAL CAPITAL Open L0700-CS-SC-SOCIAL-CAPITAL
NATURAL CAPITAL Open L0700-CS-NC-NATURAL-CAPITAL
ECONOMIC CAPITAL Open L0700-CS-EC-ECONOMIC-CAPITAL
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#5 ACTORS / PEOPLE / ORGANIZATIONS
FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY
GO TOP
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PEOPLE AT THE CENTER OF EVERYTHING
Good people everywhere in the world
... but the system leaves far too many behind
Indian family
South Asia
Arab Women
Middle East
Nelson Mandella
South Africa
Paul Polman
Unilever

Carlos Slim
Grupo Carso

Bill Gates
Microsoft
  • There are good people everywhere
  • Some very good leaders
  • Relatively few bad folk ... but some are very powerful as heads of countries and criminal organizations
  • Some ultra wealthy folk ... amazing financial success but at an unknown social and environmental cost
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ORGANIZATIONS ARE THE ECONOMY
Huge corporate organizations dominate everything
... many believe that profit is the main and only thing

Google

Apple

ExxonMobil

Rolls Royce

Maersk

HSBC
  • Almost the whole of global GDP flows through corporate business organizations
  • They are responsible for the deployment of technological innovations to improve productivity
  • They optimize their decisions to maximize profits and benefit for stockholders.
  • To a great extent, they ignore social impact and environmental impact and push back against regulation ... even where there are critical needs
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GOVERNMENTS HAVE IMPORTANT ROLE
Good government is more important than big government
... many critical services should be provided by government

Executive Branch

Legislative Branch

Judicial Branch

Police

Military

Research
  • Government provides the enabling environment
  • Justice for all / Rule of law
  • Security ... both local and international
  • Financial stability / Social safety net
  • Research / Education
Site Navigation
ACTORS / PEOPLE / ORGANIZATIONS
FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY
Open L07-ACTORS-PEOPLE-ORGANIZATIONS
More on PEOPLE (INDIVIDUALS) as ACTORS Open L0700-PE-AC-PEOPLE-as-ACTORS
More on ORGANIZATIONS as ACTORS Open L0700-OG-AC-ORGANIZATIONS-as-ACTORS
More on GOVERNMENTS as ACTORS Open L0700-GO-AC-GOVERNMENTS-as-ACTORS
ORGANIZATIONS ... THEIR PURPOSE / HOW THEY FUNCTION Open L070-OG-ORGANIZATIONS
ORGANIZATIONS ... the impacts of the organization Open L0700-SS-ORGANIZATIONS
INITIATIVES ... listing ... [includes small Not-For-Profit organizations] Open L0200-OG-INITIATIVES
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#6 PRODUCTS / STUFF / CONSUMPTION
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
GO TOP

Vegetables

Meat

Housing

Clothes

Mobility

Recreation
Site Navigation
PRODUCTS / STUFF / CONSUMPTION
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
Open L07-PRODUCTS-STUFF-CONSUMPTION
PRODUCTS
MANY ESSENTIAL GOODS AND SERVICES ... BUT SOME MERE INDULGENCE
Open L070-PD-PRODUCTS
PRODUCTS
PRODUCTS FLOW THROUGH THE SYSTEM ... HAVE COMPLETE LIFE CYCLE
Open L0700-SS-PRODUCTS
ESSENTIAL CONSUMPTION
SOME CONSUMPTION IS VITAL BECAUSE IT IS REQUIRED TO SUSTAIN LIFE
Open L0700-SS-CONSUMPTION
INDULGENCE ... LUXURY SECTOR
WATER TRICKLES DOWN ... PROFIT, WEALTH & POWER DEFY GRAVITY
Open L0700-SS-LUXURY-SECTOR
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#7 PLACE / COMMUNITIES / COUNTRIES
WHERE LIFE IS LIVED ... MULTISECTOR CONFLUENCE
GO TOP
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Place / Communities
Cities ... Urban Concentrations

UK

USA

100s of countries
Around 200 Countries
Site Navigation
PLACE / COMMUNITIES / COUNTRIES
WHERE LIFE IS LIVED ... WHERE EVERYTHING COMES TOGETHER
Open L07-PLACE-COMMUNITIES-COUNTRIES
ABOUT THE IMPACT OF PLACE
IMPORTANT FOR QUALITY OF LIFE AND ECONOMIC PERFORMANCE
Open L070-PL-PLACE-PLACES
LOCATIONAL CAPITAL
HAS SUBSTANITAL IMPACT ON HUMAN CAPITAL AND SOCIAL CAPITAL
Open L0700-CS-SC-LC-LOCATIONAL-CAPITAL
More about COUNTRY
GOOD FOR REPORTING ... LESS USEFUL FOR MANAGEMENT OF PROGRESS
Open L0700-PL-COUNTRY
More about CITY
GOOD MANAGEMENT OF THE CITY MAKES A HUGE DIFFERENCE
Open L0700-PL-CITY
More about COMMUNITY
COMMUNITY IS WHERE QUALITY OF LIFE MANIFESTS
Open L0700-PL-COMMUNITY
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#8 PEOPLE / QUALITY OF LIFE
THE MAIN GOAL SHOULD BE BETTER QUALITY OF LIFE
GO TOP
SOCIAL IMPACT / SOCIAL CAPITAL
Determined by INDIVIDUAL and FAMILY and FRIENDS ... also by PLACE and POLICY
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The State of Society / Social Capital
HUMAN CAPITAL RELATIONSHIP CAPITAL LOCATIONAL CAPITAL
Young Child

The basis for everything important ...
Grown Adult

... and enabling a positive contribution.
Family

The family an important part of the social structure
Community
... as well as good friends and community.
Place
Everything comes together in a place
Products

Goods and services accessible and affordable
There has been progress in the past 200 years ... but still far too many people left behind, and not being addressed
  • Aggregation of Quality of Life at the individual level ... Human Capital
  • Modified and augmented by family, friends, connections ... Relationship Capital
  • Modified also by the enabling aspects of place ... the Locational Capital
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Value Add ... the Contribution of People
Parenting
Working
Family
Community Research ElderCare
  • People Contribute and Add to Social and Economic Capital
  • People only have a limited amount of time in their lives ...
  • What they do with this time is what matters
  • Much of what matters is not measured
  • Because there is little or no pay, does not mean it does not have value.
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Value Loss ... the Cost of Being Alive
Food I
Food II Housing Clothes / Stuff Mobility Education
  • Costs of Living are a net True Cost to Economic Capital
  • Costs of Living are strongly correlated with environmental degradation ... reduce Natural Capital.
  • Patterns of consumption really matter ... meat has very high True Cost.
  • More and more GDP growth may be profitable but it is dangerously unsustainable
Site Navigation
PEOPLE / QUALITY OF LIFE
THE ESSENTIAL PURPOSE OF ALL ACTIVITY
Open L07-PEOPLE-QUALITY-OF-LIFE
THE STATE OF MY LIFE
SOCIAL CAPITAL ... THE TOTALITY OF NEARLY 8 BILLION INDIVIDUALS
Open L0700-CS-SC-SOCIAL-CAPITAL
PEOPLE / QUALITY OF LIFE
PEOPLE ARE INDIIDUALS ... QUALITY OF LIFE IS MANY THINGS
Open L0700-PE-QL-PEOPLE-QUALITY-OF-LIFE
THE CONTRIBUTION PEOPLE MAKE
PEOPLE ADD VALUE USING BRAWN AND/OR BRAIN
Open L0700-PE-CO-PEOPLE-CONTRIBUTING
TNE COST OF LIVING
SOME COSTS OF LIVING ARE ESSENTIAL, OTHER COSTS ARE DISCRETIONARY
Open L070-CX-COSTS-EXPENSES#SOCIAL
INVESTMENT IN HUMAN CAPITAL
HUMAN CAPITAL INVESTMENT SHOULD ENABLE A BETTER WORLD
PLACE HAS IMPACT ON PEOPLE
PLACE MAKES HUGE DIFFERENCE TO THE LIVES OF PEOPLE
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#9 NATURE / SOURCE OF ALL VALUE
EVERYTHING DEPENDS ON NATURE
GO TOP
Social and Economic Progress linked to Massive Degradation of Natural Capital
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The State of the Environment / Natural Capital
LAND
WATER
AIR
RESOURCES
BIODIVERSITY
ECOSYSTEMS
  • To improve quality of life, nature has been exploited, depleted and degraded.
  • Nature is rapidly degrading but ignored in conventional financial and economic analysis.
  • This is NOT sustainable.
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Value Add ... the Contributions of Nature
LAND
WATER
AIR
RESOURCES
BIODIVERSITY
ECOSYSTEMS
  • Everything depends on natural systems ... this is the origin of ALL value add
  • Natural Systems are incredibly complex, massive in scale, efficient and usually slow.
  • When normal equilibriums are disturbed, there can be catasrophic dysruption.
  • Modern industrial processes are disturbing natural systems on a massive scale which is likely to be catastrophic.
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Value Loss ... the Depletion and Degradation of Nature
LAND
WATER
AIR
RESOURCES
BIODIVERSITY
ECOSYSTEMS
  • Industrial production, agriculture and consumption by people are combining to deplete and degrade Natural Resources.
  • Economic performance metrics have excluded and the depletion and degradation of the Environment since the beginning of the industrial era.
  • People who have benefited financially have never been held to account regarding Natural Capital costs
  • To improve quality of life for people, nature has been exploited, depleted and degraded, but this is NOT sustainable.

Site Navigation
NATURE / SOURCE OF ALL VALUE
EVERYTHING DEPENDS ON NATURE
Open L07-NATURE-SOURCE-OF-ALL-VALUE
THE STATE OF NATURAL CAPITAL
NATURAL CAPITAL IS HUGE ... BUT THERE IS ONLY ONE PLANET EARTH
Open L0700-CS-NC-NATURAL-CAPITAL
THE POSITIVE CONTRIBUTION OF NATURAL CAPITAL
NATURE IS THE FOUNDATIONAL SOURCE OF ALL VALUE
Open L0700-PC-NC-NATURAL-CAPITAL
THE DEPLETION AND DEGRADATION OF NATURAL CAPITAL
FINANCIAL WEALTH HAS COME AT THE EXPENSE OF NATURAL CAPITAL
Open L070-CX-COSTS-EXPENSES#NATURAL
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#10 ECONOMY / MONEY / LIQUIDITY
A VITAL LUBRICANT .. BUT NOT THE ENGINE
GO TOP
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FINANCIAL CAPITAL PHYSICAL CAPITAL INTANGIBLE CAPITAL
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THE FINANCIAL ECONOMY
INVESTMENT BULLS
A bull market has been good for investors
STOCKS UP
Stock market has been spectacular
MONEY DOWN
... but the buying power of the US$ is way down
WAGES FLAT
and wages flatlining while productivity grows.
GDP -v- GPI
While GDP is up, progress (GPI) is flat
Profits, Stock Prices and GDP measure success in the modern economy
  • The financial economy has grown robustly since the 1980s.
  • Amazing innovation has been deployed mainly to improve profit performance.
  • The huge expansion of financial wealth is excessivly concentrated.
  • Concentration of economic power by both individuals and corporate organizations has come at the expense of everyone else.
  • A lot of people are 'mad as hell' and don't intend to take it any more.
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THE REAL (PHYSICAL) ECONOMY
BUILDINGS INFRASTRUCTURE STEEL MFG. CEMENT MFG. SHIPPING RAILROADS
Buildings / Infrastructure / Industrial Processes / Transport
  • Modern engineering and technology is deployed and exploited to improve profit performance.
  • Rather little is is deployed to make society and the world a better place.
  • The modern 'real' economy is pretty amazing, but not so much in the news (Western news, that is).
  • Many of the more amazing things are going on in the Middle East (e.g. Dubai) and Far East (China).
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THE INTANGIBLE ECONOMY
KNOWLEDGE EDUCATION GOVERNMENT SECURITY CULTURE RELIGION
Many of these important things make life worth living
  • These elements are very important, but metrics for their value are undeveloped.
  • The intangible economy is a very important contributor to quality of life.
  • Will remain at the margin as long as the dominant performance metric is mainly profit.
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MONEY / LIQUIDITY
Stock market Intangible value Money supply World GDP growth US GDP growth GDP v GPI
Without money / liquidity, the system stops working ... or never gets started
  • The money system is very powerful, and difficult to understand.
  • Some commonly held beliefs are wrong.
  • It is unclear if any of the proposed better systems would be any better.
Site Navigation
ECONOMY / MONEY / LIQUIDITY
PROFIT LESS IMPORTANT THAN PEOPLE AND PLANET
Open L07-ECONOMY-MONEY-LIQUIDITY
MONEY / LIQUIDITY
A VITAL LUBRICANT .. BUT NOT THE ENGINE
Open L070-ML-MONEY-LIQUIDITY
EXCHANGE / TRADE
IMPORTANT PART OF OPTIMIZING ECONOMIC PERFORMANCE
Open L070-XT-EXCHANGE-TRADE
THE STATE OF ECONOMIC CAPITAL
GROWTH OF ECONOMIC CAPITAL ON ITS OWN IS A FAILED METRIC
Open L0700-CS-EC-ECONOMIC-CAPITAL
THE POSITIVE CONTRIBUTION OF ECONOMIC CAPITAL
ECONOMIC CAPITAL ENABLES SOCIAL AND ENVIRONMENTAL PROGRESS
Open L0700-PC-EC-ECONOMIC-CAPITAL
COSTS AND EXPENSES
IMPACTING ALL THE CAPITALS
Open L070-CX-COSTS-EXPENSES#ECONOMIC
CORPORATE PROFIT
THE MOST IMPORTANT GOAL FOR DECISION MAKERS IN BUSINESS
Open L0700-SS-PROFIT
CAPITAL MARKET PRICES
THE MOST IMPORTANT GOAL FOR MOST INVESTORS
Open L0700-SS-CAPITAL-MARKETS
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#11 TRUE VALUE / DATA at the CENTER
YOU MANAGE WHAT YOU MEASURE
GO TOP
TRUE VALUE METRICS
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TRANSPARENCY and ACCOUNTABILITY
METRICS TO MAKE THE WORLD A BETTER PLACE
Data at the Center Measuring Progress Activities change State Enhanced Accountancy
  • Management is the Art of Making Changes to Achieve Improvement
  • Collect and Analyze Data to Understand How Things Work
  • Expand the GOOD ... Eliminate the BAD
  • More and More Data and Analysis is not Better Management
Site Navigation
TRUE VALUE / DATA at the CENTER
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE
Open L07-TRUE-VALUE-DATA-at-the-CENTER
METRICS for MANAGEMENT
WITHOUT METRICS ... IMPOSSIBLE TO MANAGE
Open L070-MM-METRICS-for-MANAGEMENT
SITE NAVIGATION
METRICS for MANAGEMENT
Open L0700-SN-MM
TRUE VALUE METRICS
ENHANCED METRICS FOR BETTER PERFORMANCE AND ACCOUNTABILITY
Open L070-TVM
SITE NAVIGATION
TRUE VALUE METRICS
Open L0700-SN-TVM
CREDITS and DEBITS for VALUE
WITHOUT METRICS ... IMPOSSIBLE TO MANAGE
Open L070-CD-CREDITS-and-DEBITS-of-VALUE
What is the PURPOSE of?
SHOULD BE A LOT MORE THAN MORE PROFIT
Open L070-PU-What-is-the-PURPOSE-of
METRICS / ACCOUNTANCY
VERY POWERFUL BUT ONLY ABOUT PROFITS AND FINANCIAL CAPITAL
Open L070-MA-METRICS-ACCOUNTANCY
QUANTIFICATION / NUMBERING
WITHOUT NUMBERS, MANAGEMENT IS IMPOSSIBLE
Open L070-QN-QUANTIFICATION-NUMBERING
UNITS OF ACCOUNT
ECONOMIC VALUE (MONEY) / SOCIAL VALUE / ENVIRONMENTAL VALUE
Open L070-UA-UNITS-OF-ACCOUNT
STANDARD VALUE PROFILES
ANALOGOUS TO STANDARD COSTS
Open L070-SV-STANDARD-VALUE-PROFILE
METRICS / GOALS
A STARTING POINT ... A SMALL PART OF A LONG PROCESS
Open L070-MG-METRICS-GOALS
METRICS for INVESTMENT
ESSENTIAL TO MAINSTREAM IMPACT INVESTMENT
Open L070-MV-METRICS-for-INVESTMENT
TRANSPARENCY and ACCOUNTABILITY
AN IMPORTANT PART OF THE SYSTEM ... BUT VERY WEAK AND INEFFECTIVE
Open L070-TA-TRANSPARENCY-ACCOUNTABILITY
CORE CONCEPTS
FROM ACCOUNTANCY, SCIENCE AND ENGINEERING
Open L0700-TVM-CC-CORE-CONCEPTS
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ENHANCING ACCOUNTING TO IMPROVE SYSTEM PERFORMANCE
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ABOUT PETER BURGESS (TPB)
A LIFETIME OF EXPERIENTIAL LEARNING
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ABOUT PETER BURGESS (TPB)
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