ALTERNATIVE
(1)
CONTEXT
COMPLEX
ISSUES
(2)
IDEAS
THINKERS
POSSIBILITIES
(3)
COMPLETE
COMPLEX
SYSTEM
(4)
SOCIAL
CAPITAL
PEOPLE
(5)
NATURAL
CAPITAL
SYSTEMS
(6)
ECONOMIC
CAPITAL
MONEY
(7)
ACTIVITIES
STREAMS
PROCESSES
(8)
ACTORS
PEOPLE
ORGANIZATIONS
(9)
PLACE
COUNTRIES
COMMUNITIES
(10)
PRODUCTS
GOODS
SERVICES
(11)
DATA
ACCOUNTABILITY
TVIA
(12)
ABOUT
BURGESS
TEAM
INPAGE (1) (2) (003) (004) (005) (006) (11) (12)
NAVIGATION (001) (002) (003) (004) (005) (006) MoreNav
.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
.
TRUE VALUE IMPACT ACCOUNTING
Double Entry AccountabilityTM
for PEOPLE, PLANET and PROFIT
Numbering the Triple Bottom Line
image missing image missing
TRANSPARENCY and ACCOUNTABILITY
MANAGEMENT THAT MAKES THE WORLD A BETTER PLACE
PEOPLE FIRST and a SUSTAINABLE WORLD
ITS A COMPLEX WORLD!
PROFIT a BAD PROXY for PROGRESS
TRIPLE BOTTOM LINE
MANAGE
FOR ALL THE CAPITALS
(I) SOCIAL CAPITAL

SOCIO ... more
(II) NATURAL CAPITAL

ENVIRO ... more
(III) ECONOMIC CAPITAL

ECONOMIC ... more
FINANCIAL CAPITAL IS JUST ONE PART OF ECONOMIC CAPITAL
Building financial wealth merely by depleting and degrading the environment and exploiting social capital is unsustainable and immoral! Value a better society and exploit technology to achieve this AND preserve the environment in perpetuity! Measure this ... Manage this!
QUALITY OF LIFE ... m
Determined in part by the INDIVIDUAL and FAMILY and FRIENDS
Determined in part by PLACE: Access to goods and services ... and community
HAPPINESS ... m Housing ... more Material goods ... m Opportunities ... m Preparation ... m Employment ... more Income ... more Wealth ... more
Good health ... more Family ... more Community ... more Stress ... more Longevity ... more
PLACE ... more Clean air ... more Clean water ... more Food ... more Energy ... more Health service ... m Education ... more Transport ... more
Safety ... more Religion ... more Recreation ... more Culture ... more Community ... more

ACCOUNTABILITY FOR ALL
THE ACTORS AND ACTIVITIES
PEOPLE, PLACES, ORGANIZATIONS, etc.
PEOPLE ... m
Quality of Life
PEOPLE ... m
as ACTORS
ORGANIZATIONS
as ACTORS ... m
ROLE of
PLACE ... m
ALL the
PERSPECTIVES
TOOLS and ... m METHODS METRICS ... m
Accountability
Health ... more
Wealth ... more
Income ... more
Education ... more
Housing ... more
Water ... more
Food ... more
Jobs ... more
Recreation ... more
Individual ... more
Family ... more
Community ... more
Employee ... more
Employer ... more
Investor ... more
Customer ... more
Director ... more
Governments ... m
Multinationals ... m
Companies ... m
SMEs ... more
Banks ... more
NGOs ... more
Portfolio ... more
Building ... more
Neighborhood ... m
City ... more
Metro-area ... more
Suburb ... more
Rural Town ... more
Development ... m
STREAMS ... more
PRODUCTS ... more
PROCESSES ... more
SECTORS ... more
PLACES ... more
MARKETS ... more
Productivity ... more
Exchange ... more
Money ... more
Standard Values ... m
Value Tokens ... more
Basic Income ... more
Money Metrics
Economy / GDP ... more
for Investors ... more
for Companies ... more
True Value
Impact Acctg

TVIA ... more
ADDRESS ALL THE ISSUES
SOCIAL ISSUES ... more ENVIRONMENTAL ISSUES ... more ECONOMIC ISSUES ... more
PROFIT is NOT the ONLY THING
.
THERE IS GOOD AND BAD
GOOD PEOPLE EVERYWHERE
There are good nice people everywhere on the planet

Arab Women

Arab Men

Indian family

Nigerian Kids

Vietnam factory worker

US Construction Worker
... and some good leaders

Paul Polman

Norm Chomsky

Nelson Mandella

Mike Bloomberg

Martin Luther King JR
AMAZING TECHNOLOGY
Technological progress has been very rapid and getting faster and faster all the time
MEDICAL SCIENCE

Genetic code / DNA

Antibiotics

3D Printing
MATERIALS

Composite materials

Plastics

High strength steels
ELECTRONICS

IBM

Microsoft

Oracle
COMMUNICATIONS

Apple

Print Media

Digital Media
SOCIAL MEDIA

Google

Facebook

Twitter
PASSENGER TRANSPORT

Passenger Rail
Passenger Car
Passenger Bus
FREIGHT / LOGISTICS

Shanghai new port

Container Ships

Freight rail
AEROSPACE

Jet engines

Passenger Aircraft

Satellites
.
AND SOME TERRIBLE OUTCOMES
INEQUALITY

Obscene Wealth

Terrible Poverty

Juxtaposed
STARVATION / MALNUTRITION

Africa

North Korea

Somalia
WAR / DESTRUCTION

Aleppo, Syria

Sanaa, Yemen

Mosul, Iraq
... and DEATH ... wanton killing

Monrovia, Liberia

Darfur, Sudan

Rwanda
Urban degradation

Detroit, USA

Modern slums

Not so modern slums
Pollution

Air pollution

Land fill

Plastic
Land Degradation

Mining

Deforestation

Desertification
Extreme Weather Events

Hurricanes

Rain events / Flooding

Ice Melt
.
WHY?
Some very nasty national leaders

Ali Abdullah Saleh, Yemen

Charles Taylor, Liberia

Bashar al-Assad, Syria

Muammar Gaddafi, Libya

Robert Mugabe, Zimbabwe

Idi Amin, Uganda
Money making nasty business ...

Viktor Bout, Arms Trafficker

el-Chapo-Guzman, Drug Trafficker

Sex Trafficking
Energy Industry ... Big profits and big pollution

Crude oil in Niger Delta

Flaring gas in USA

Refinery air quality

Coal (Open pit)

Fracking

Oil Spills / BP
Free enterprise oligarchs

Carlos Slim / Grupo Carso

Larry Ellison / Oracle

Bill Gates / Microsoft
Too much militarism

Atomic Bomb / Mushroom Cloud

Powerful Navy

Air Power
Too little development cooperation

UN headquarters

US State Department

UNHCR / UN Refugee Agency
.
GOALS ARE WRONG
PROFIT GROWTH is GOOD for owners of financial wealth,
BAD for everyone else and BAD for the environment
GDP UP but GENUINE PROGRESS FLAT / DECLINING

GDP - v- GPI
Since 1955 the US per capita GDP has grown and grown and grown, but GPI, an indicator of GENUINE PROGRESS has been flat, or declining. Social dissatisfaction has been aggravated by an increase in inequality of this period of time.
Productivity UP / Profits UP / Pay DOWN

Productivity -v- Pay

from Robert Reich
The Post WWII period until 1979 was an era when productivity improvements were shared with workers, but since the 1980s gains from productivity have been allocated almost completely to owners with nothing for workers. WHY has this problem not been addressed in 40 years? A total failure of political and business leadership.
Correlation: Corporate Profits track GDP

GDP - v- Corporate Profits
TPB Note: My own experience as a corporate CFO 40+ years ago confirms this. When the economy was growing, it was easy to grow profits, but in the post GoGo years of the 1970s when the global economy was in recession after the oil shock it became much more difficult to grow profits ... more the challenge was to stay in business!
Correlation: Natural Capital Issues track GDP
Atmospheric CO2 concentrations, global temperature increases, species extinction and loss of rainforest and woodland ALL track with increase of global GDP for more than 200 years!
A bigger GDP has resulted in a better quality of life for the world's population, BUT there has also been a growing risk of catastrophic collapse at some point in the future because of the environmental inefficiency of industrial processes.
.
A HUGE COMPLEX SOCIO-ENVIRO-ECONOMIC SYSTEM
BUT IT CAN BE MANAGED ... more
Accountancy MUST take into account external Social and
Environmental Impacts as well as the money profit Economic Impact
Single issue solutions will never work ...
The problem is SYSTEMIC
Success is not a simple process
Everything is VERY compicated
.
MEASURE WHAT REALLY MATTERS
BETTER METRICS gives BETTER DECISIONS gives BETTER RESULTS
WITHOUT MEASUREMENT, THERE IS NO MANAGEMENT
FOR REPORTING ... MEASURE PROGRESS
ACTIVITIES and FLOWS CHANGE STATE
PROGRESS is the increase in VALUE (of the STATE) from beginning to end of the period ... more
FOR MANAGING ... MEASURE PERFORMANCE
Get granular information before the right people at the right time
Put DATA at the center ... get relevant data rather than a lot of data
Data Centric Relevant detail data What the data means
.
MANAGE FOR ALL THE CAPITALS
NOT JUST THE FINANCIAL CAPITAL
There are 3 main segments of CAPITAL

and any number of sub-segments reflecting ALL of the system
(I) SOCIAL CAPITAL

SOCIO ... more
(II) NATURAL CAPITAL

ENVIRO ... more
(III) ECONOMIC CAPITAL

ECONOMIC ... more
HUMAN CAPITAL

Every individual on the planet should have health, education and opportunity ... m
RELATIONSHIP CAPITAL

Relationships make it possible for individuals to be better than they are on their own . m
STATE / QUALITY OF LIFE . m
Happiness . m
Home / Shelter / Security . m
Health / Wellness . m
Education / Experience . m
Opportunity . m
Income security . m
Wealth . m
Longevity . m
Family and Friends . m
Community . m
PEOPLE
COST OF LIVING

PEOPLE
Health ... more
Wealth ... more
Income ... more
Education ... more
Housing ... more
Water ... more
Food ... more
Jobs ... more
Recreation ... more
Energy ... more
Stress ... more
PEOPLE
CREATING VALUE ADD . m
Parenting
Mentoring
Paid work
Volunteering
Research
Teaching
Caring
Companionship
Community . m
LAND

Land has been used to earn profit with little attention to the issue of ecological sustainability ... more
FRESH AIR

Fresh air is very good for human health and longevity ... more
FRESH WATER

Without water there is no life, and now becoming increasingly scarce ... m
OCEAN WATER

A huge energy sink, and where all the world's garbage accumulates ... m
MINERALS

The raw materials for most of the useful products we use every day ... m
FOSSIL FUELS

The sources of power that made the industrial revolution possible ... m
CLIMATE SYSTEMS

The essential mechanisms that have kept the climate stable until now ... m
ECOLOGICAL SYSTEMS

The many mechanisms that serve to recycle everything in nature ... m
BIODIVERSITY - FAUNA

Animals, birds, fish, reptiles, insects and other life forms ... m
BIODIVERSITY - FLORA

Millions of species of plants that occupy a complex ecosystem ... m
PHYSICAL CAPITAL ... m
... Buildings

Buildings provide shelter and places to work but very inefficient ... m
... Infrastructure

Many sorts of infrastructure are essential for a modern economy ... m
... Production Processes

Modern production processes have become very efficient but energy intensive ... m
... Transport

Transport and logistics are enabling global trade and sustainable development ... m
... Working Capital

Inventory, accounts receivable and financial liquidity are essential to a viable society and economy ... m
FINANCIAL CAPITAL

Money makes the world go round, but it is only a lubricant ... m
KNOWLEDGE CAPITAL

Education is foundational and essential for a better world ... m
INSTITUTIONAL CAPITAL

Organizations, rule of law, etc make an enabling environment ... m
CULTURAL CAPITAL

Dance, music, tradition, religion ... all sorts of good things that make life worth living ... m
LOCATIONAL CAPITAL

Place is where everything comes together and makes a difference ... m
.
ACCOUNTABILITY FOR ALL THE ACTORS
INDIVIDUAL, COMMUNITIES and ORGANIZATIONS
PEOPLE ... m
Quality of Life
PEOPLE ... m
as ACTORS
ORGANIZATIONS
as ACTORS ... m
ROLE of
PLACE ... m
ALL the
IMPACTS
TOOLS and ... m METHODS METRICS ... m
Accountability
Health ... more
Wealth ... more
Income ... more
Education ... more
Housing ... more
Water ... more
Food ... more
Jobs ... more
Recreation ... more
Individual ... more
Family ... more
Community ... more
Employee ... more
Employer ... more
Investor ... more
Customer ... more
Director ... more
Governments ... m
Multinationals ... m
Companies ... m
SMEs ... more
Banks ... more
NGOs ... more
Portfolio ... more
Building ... more
Neighborhood ... m
City ... more
Metro-area ... more
Suburb ... more
Rural Town ... more
Development ... m
STREAMS ... more
PRODUCTS ... more
PROCESSES ... more
SECTORS ... more
PLACES ... more
MARKETS ... more
Productivity ... more
Exchange ... more
Money ... more
Standard Values ... m
Value Tokens ... more
Basic Income ... more
Money Metrics
Economy / GDP ... more
for Investors ... more
for Companies ... more
True Value
Impact Acctg

TVIA ... more
.
Steps towards MANAGING this complexity

Many DIMENSIONS ... Many PERSPECTIVES ... Many ACTIVITIES ... Many ACTORS
Context ... more Progress and Performance ... more Ideas ... more Initiatives ... m Streams ... m Places ... more People ... more Products . more
Issues ... more Social ... m Environment . m Economic ... m Metrics ... m Perspectives . m TVIA ... more TPB ... more TEAM ... more Knowledge . m

PROGRESS is CHANGE in STATE for ALL SEGMENTS of CAPITAL for EVERYTHING

Consider these trends in SOCIO / ENVIRO / ECONOMIC STATE state over time
THE ACTUAL PAST PLUS a NO CHANGE FUTURE PLUS a BETTER FUTURE

SOCIAL CAPITAL and ECONOMIC CAPITAL have increased but NATURAL CAPITAL has been dangerously degraded. SOCIAL CAPITAL growth has been compromised by increasing inequality.

Continuing in this way is an unacceptable existential risk. There is a broad consensus that massive changes are essential.

A better way is possible. This requires a system that enables prosperity without growth and very process improved so that production does less environmental damage
.
Key understanding essential to resolving the dangerous
dysfunction of the SOCIO-ENVIRO-ECONOMIC SYSTEM
Cost / Price / Value
Decision makers in the corporate organization know a lot about the behavior of costs in their products as well as the way their customers respond to price. Price less cost is profit, and decisions are made that maximize profit which means that the value add available to the customer is reduced as much as possible. Publicly available data about cost is small and there is very little thinking about value. ... more
Value add / Value destruction
Three very different scenarios ... society should be doing very much better!
.
Understanding how MONEY works
Understanding money and liquidity is very important ... more
Modern MONEY is a mess
Economic theory has it that money is an economic measure, a store of value and a medium of exchange. The US dollar has does none of these things well. See how the purchasing power of the US dollar has declined during the 20th century!
It is amazing that there is any trust whatsoever in this system of currency ... but there is ... for now ... See HOW MONEY WORKS
... here
MONEY SUPPLY GROWTH: 1970-2008
Most of the population works with M0 (money in circulation) and M1 (M0 + demand deposits) which have grown substantially. The financial institutions work with M3 which has grown even more in the period since 1970.
.
MANAGEMENT
MANAGING FOR BETTER SOCIO-ENVIRO-ECONOMIC PROGRESS
MANAGING PARADIGM SHIFT IN ECONOMIC PERFORMANCE
DATA / DECISIONS / FEEDBACK / ACCOUNTABILITY
.
HOW DOUBLE ENTRY ACCOUNTING WORKS
.
CONVENTIONAL FINANCIAL ACCOUNTING
ACCOUNTS for PAST, PRESENT AND FUTURE
Very powerful ... Used in every business
... more
But ONLY for money transactions!
HISTORY ... more
History has already happened. We can learn from it, and it is the reason why and how we got to the present time.
Beginning of Period (BOP)
STATE
... more
The Beginning of Period (BOP) STATE is a record at a moment in time of what has gone before
ACTIVITIES ... more
Activities CHANGE the STATE from what it was at the BOP to what it gets to be at the EOP
End of Period (EOP)
STATE
... more
The End of Period (EOP) STATE is a record at a another moment in time ... the end of the period
FUTURE ... more
The future has a Net Present Value (NPV) that is a mix of many factors.
BALANCE SHEET (BOP)
A summary of the Balance Sheet accounts at the beginning of the period.
P&L ACCOUNT
A summary of the P&L accounts for the period.
CASH FLOW
How P&L accounts change the Balance Sheet
BALANCE SHEET (EOP)
A summary of the Balance Sheet accounts at the end of the period.
EQUITY VALUATION
A MEMO Balance Sheet that adds in the Net Present Value (NPV) of future profit flows
.
TRUE VALUE IMPACT ACCOUNTING
ACCOUNTS for PAST, PRESENT AND FUTURE
All Capitals ... All Impacts ... All Actors
... more
Accounting
for everything
Conventional accountancy is a very good basic framework to enable the accounting for everything. The same basic concepts can be used but applied in a slightly different way.
HISTORY ... more
Use a time series of Comprehesive Value Balance Sheets that show changes over time
Beginning of Period (BOP)
STATE
... more
The Beginning of Period (BOP) STATE is a record at a moment in time of ALL the CAPITALS of what has gone before
ACTIVITIES ... more
Activities CHANGE the STATE from what it was at the BOP to what it gets to be at the EOP
Activities have multiple impacts on SOCIAL CAPITAL, NATURAL CAPITAL and ECONOMIC CAPITAL (which includes financial capital)
Positive social and economic impacts are often associated with negative environmental impacts.
End of Period (EOP)
STATE
... more
The End of Period (EOP) STATE is a record at a another moment in time ... the end of the period ... of ALL the CAPITALS
FUTURE ... more
The future has a Net Present Value (NPV) that is the sum of the Net Present Value (or cost) for all the elements of SOCIAL CAPITAL, NATURAL CAPITAL and ECONOMIC CAPITAL
VALUE BALANCE SHEET (BOP)
A summary of the Value Balance Sheet accounts at the end of the period incorporating the Net Present Value (or cost) for all the elements of SOCIAL CAPITAL, NATURAL CAPITAL and ECONOMIC CAPITAL as they were at the Beginning of the Period.
TRUE VALUE ACTIVITY ACCOUNTS
A summary of the activity accounts for the period.
TRUE VALUE IMPACT SUMMARY
How activity accounts for the period changed the Value Balance Sheet from the beginning to end of the period.
VALUE BALANCE SHEET (EOP)
A summary of the Value Balance Sheet accounts at the end of the period incorporating the Net Present Value (or cost) for all the elements of SOCIAL CAPITAL, NATURAL CAPITAL and ECONOMIC CAPITAL as of the End of the Period.

ACCOUNTANCY'S CORE CONCEPTS
GAAP Generally Accepted Accounting Principles used everywhere in the world More on CORE-CONCEPTS
B/S and P&L account Accounting differentiates between 'Balance Sheet' accounts and 'Profit and Loss' accounts. This is a key step in understanding cause and effect.
Balance sheet accounts Typically these are segmented as follows: Current assets: Current liabilities: Fixed assets: Other assets: Long term debt: Stockholders' Equity
P&L accounts Typically these are summarized as follows: Sales revenue: Cost of Sales: Gross Margin: General, Sales and Administration expenses: Depreciation and amortization: Research and Development expenses: Taxes: Financial charges; Net profit
A sub total titled EBITDA is Earnings Before Interest, Taxes, Depreciation and Amortization
PROFIT PROFIT or FINANCIAL PROGRESS can be measured simply by comparing the EOP Balance Sheet with the BOP Balance Sheet. The Change is PROFIT.
Externalities
are ignored
Conventional financial accounting only accounts for money transactions and those that are within a reporting envelope.
Accrual -v-
Cash basis
Business financial accounting systems are 'accrual' accounting systems. Most government accounting and public sector is cash basis accounting. Accrual systems are far more rigorous. Seems that governments and legislators like the sloppiness!
.
In the past, natural capital was strong and economic capital (including financial capital) was relatively weak (The Beginning of Period BOP column). Since the beginning of the industrial revolution technology has enabled business to expand economic capital, and especially the financial capital component, very significantly while depleting and degrading natural capital in a dangerously unsustainable way. (The End of Period EOP column). Corporate financial accounting and reporting enables management to optimize for profit performance (the grey section) but including the external impacts on social and natural capital enables an accounting and accountability for the impact on All the capitals and the total performance of all the actors in the socio-enviro economic system.
.
MULTI DIMENSION IMPACT ACCOUNTING
MULTIPLE PERSPECTIVES . AND . MULTIPLE IMPACTS
.
GOALS / OBJECTIVES
PEOPLE Everyone having a decent and improving quality of life should be main goal for everything that happens in the system. More on PEOPLE
ENVIRONMENT A decent and improving quality of life should be achieved while also doing no damage to the environment, and indeed remediating the damage already done. More on ENVIRONMENT
ECONOMY The performance of the economy should be judged by how quickly and efficiently it is able to achieve HUMAN CAPITAL and NATURAL CAPITAL goals More on ECONOMY
ACTORS
PEOPLE Decision makers that drive the system are people. They may act for, or through organizations like for profit companies, NGOs, governments, etc. or act as individuals. More on ACTORS
ORGANIZATIONS Most economic activity is conducted by organizations. It is therefore vital that there is meaningful accountability about the performance of these organizations. Big for profit companies dominate the system. While they are profit efficient and powerful, historically that have but profit performance before social and environmental responsibility, and they are only changing very slowly ... hence the need for scoring their unsustainability. More on ORGANIZATIONS
PERSPECTIVES
STREAMS Every economic activity has a string of impacts going backwards and forwards through the system More on STREAMS
SECTORS Every economic activity has a string of impacts going backwards and forwards through the system More on SECTORS
PRODUCTS Products ... goods and services ... are the tangible things that have impact on people and the environment More on PRODUCTS
PLACES Where people live their lives and everything happens. Get the place right and most everything else follows. More on PLACES
ENABLING ENVIRONMENT
KNOWLEDGE The enabler of progress. Some people with specialized knowledge. Everyone with ubiquitous common knowledge. More on KNOWLEDGE
IDEAS Without ideas, progress slows. Not many ideas progress to full scale implementation. More on IDEAS
GOVERNANCE Leadership, laws, rules and regulations, judicial system, security are all contributors to progress More on GOVERNANCE
.
MANAGEMENT INFORMATION
METRICS FOR BETTER SOCIO-ENVIRO-ECONOMIC PROGRESS
MANAGING PARADIGM SHIFT IN ALL DIMENSIONS OF PERFORMANCE
DATA / DECISIONS / FEEDBACK / ACCOUNTABILITY
DATA A small amount of accurate data may well be better than a lot of poor data ... GIGO (Garbage In, Garbage Out) More on DATA
DATA
ACQUISITION
Technological progress has made the acquisition of data less costly and more efficient than at any time in the past. Good people have no problem with data. Bad actors avoid data to avoid accountability. More on DATA-ACQUISITION
DATA FOR DECISIONS Internal corporate management data is as granular as it needs to be for profit performance decisions. The same sort of granularity and timeliness is needed for social and environmental impact information. More on DATA-FOR-DECISIONS
DATA for ACCOUNTABILITY Massive amounts of data, but surprisingly little accountability. Major changes and systemic improvements are needed More on ACCOUNTABILITY
UNITS OF ACCOUNT Multiple units of account makes it possible to link to meaningful scientific measures AND report usefully in a summary fashion L070-UA-UNITS-OF-ACCOUNT
STANDARD VALUE PROFILES Similar to Standard Costs, but more complete incorporating cumulative history as well as future impacts for every product L070-SV-STANDARD-VALUE-PROFILE
UNSUSTAINABILITY SCORES Everything in the modern socio-enviro-economic system aggregates to an unsustainable disaster. MEASURE IT / MANAGE IT More on UNSUSTAINABILITY-SCORE
.
THERE IS MASSIVE SYSTEMIC DYSFUNCTION THAT NEEDS TO BE FIXED
SOCIO ENVIRO ECONOMIC
.
WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!
.
ALL OF THE SYSTEM ... more
SOCIETY AND ENVIRONMENT should have priority over FINANCIAL/ECONOMY
PEOPLE / SOCIETY ... more ENVIRONMENT ... more ECONOMY ... more
SOCIAL CAPITAL
QUALITY OF LIFE
... m
NATURAL CAPITAL
SUSTAINABILITY
ECONOMIC CAPITAL
PROFITS / WEALTH
COMPONENTS OF HAPPINESS
FOOD

There is too much hunger ... more
WATER

Without water crops die, then animals, then people ... more
ENERGY

For cooking, for heating/cooling, for transport ... more
HOUSING / SHELTER

Every needs shelter. ... more
HEALTH

Good health is a good foundation ... more
EDUCATION

A foundation for a successful like ... more
TRANSPORT

For cooking, heating/cooling, transport ... more
HEALTHY AIR ... more
INCOME ... more
Pays the bills
WEALTH ... more
Pays bigger bills, but no guarantee of happiness
JOBS / EMPLOYMENT ... more
Provides imcome ... and social connections
PHYSICAL SAFETY

Far too much violence ... more
RECREATION

Good for health and happiness ... more
SPIRITUAL SECURITY

Very valuable, especially times of stress ... more
STRESS

Reduced stress, better health ... more
LAND
Land has been used to earn profit with little attention to the issue of ecological sustainability ... more
FRESH AIR
Fresh air is very good for human health and longevity ... more
FRESH WATER
Without water there is no life, and now becoming increasingly scarce ... m
OCEAN WATER
A huge energy sink, and where all the world's garbage accumulates ... m
MINERALS
The raw materials for most of the useful products we use every day ... m
FOSSIL FUELS
The sources of power that made the industrial revolution possible ... m
CLIMATE SYSTEMS
The essential mechanisms that have kept the climate stable until now ... m
ECOLOGICAL SYSTEMS
The many mechanisms that serve to recycle everything in nature ... m
BIODIVERSITY - FAUNA
Animals, birds, fish, reptiles, insects and other life forms ... m
BIODIVERSITY - FLORA
Millions of species of plants that occupy a complex ecosystem ... m
PHYSICAL ... Buildings
Buildings provide shelter and places to work but very inefficient ... m
PHYSICAL ... Infrastructure
Many sorts of infrastructure are essential for a modern economy ... m
PHYSICAL ... Production
Modern production has become very efficient but energy intensive ... m
PHYSICAL ... Transport
Transport and logistics are enabling global trade and sustainable development ... m
FINANCIAL CAPITAL
Money makes the world go round, but it is only a lubricant
WORKING CAPITAL
Managing stocks and supply chains has revolutionized business ... m
KNOWLEDGE CAPITAL
Education is foundational and essential for a better world ... m
INSTITUTIONAL CAPITAL
Organizations, rule of law, etc make an enabling environment ... m
CULTURAL CAPITAL
Dance, music, tradition, religion ... all sorts of good things that make life worth living ... m
LOCATIONAL CAPITAL
Place is where everything comes together and makes a difference ... m
COST OF LIVING DEPLETION or DEGRADATION ECONOMIC COSTS
PAYING FOR ALL OF THE THINGS NEEDED FOR A DECENT QUALITY OF LIFE
Materialism, consumerism is all about STUFF ... much of which not needed ... m HOUSING
Materialism, consumerism is all about STUFF ... much of which not needed ... m
LAND USE
Most economic value add offset by all sorts of degradation ... m
FOSSIL FUELS
Use constitutes depletion AND the processes of production and use pollute and degrade the system ... m
MINERALS
Mining depletes the resources AND the process of mining degrades land, water and ecosystems ... m
AIR POLLUTION
Air pollution from all sorts of modern conveniences ... m
WATER CONSUMPTION
Water consumption key to most industries ... m
WATER POLLUTION
Pollution everywhere ... m
PAYROLL
Low wages reduce costs and increase profits ... m WEAK LAWS AND REGULATIONS
Make it possible to cut corners to increase profits and ROI ... m
CONTRIBUTION REMEDIATION & REGENERATION REVENUES
RESPONSIBLE BUYING
Also important at every stage in life ... m
GOOD PARENTING
The most important learning experience for a chile ... m
MENTORING
Also important at every stage in life ... m
PAID EMPLOYMENT
An essential element in the MONEY ECONOMY ... m
SHARING KNOWLEDGE
A way to make the world a better place ... m
VOLUNTEERING
Giving back to help others ... m
ELDER CARE
Intergenerational communication and sharing ... m
REMEDIATING LAND
Reeastablishing natural ecological systems ... m
CLEAN AIR
address all forms of air pollution ... m
RECOVERING PLASTIC
... from the land, from the sea ... m
STREAMS ... impact cost of living and quality of life ... more STREAMS ... impact many parts of natural capital ... more STREAMS ... often designed to benefot profit more than anything else ... more
PRODUCTS ... needed for quality of life, but high consumption and waste does damage ... more PRODUCTS ... design for short life adds to unsustainability ... more PRODUCTS ... more and more adds to profit performance ... more
PROCESSES ... no direct impact ... more PROCESSES ... environmental efficiency determines scale of unsustainability ... more PROCESSES ... cost efficiency determines level of profits ... more
SECTORS ... more SECTORS ... more SECTORS ... more
PEOPLE
as ACTORS
... m
ORGANIZATIONS
as ACTORS
... m
IMPACTS on
PLACES
... m
IMPACTs on
ALL CAPITALS
TOOLS
IDEAS
... more
METHODS
METRICS
Individual ... more
Family ... more
Community ... more
Employee ... more
Employer ... more
Investor ... more
Customer ... more
Director ... more
Governments ... m
Multinationals ... m
Companies ... m
SMEs ... more
Banks ... more
NGOs ... more
Portfolio ... more
Building ... more
Neighborhood ... m
City ... more
Metro-area ... more
Suburb ... more
Rural Town ... more
Development ... m
SOCIAL CAPITAL
... more

NATURAL CAPITAL

... more

ECONOMIC CAPITAL

... more
Productivity ... more
Exchange ... more
Money ... more
Standard Values ... m
Value Tokens ... more
Basic Income ... more
Money Metrics ... more
Economy / GDP ... more
for Investors ... more
for Companies ... more
True Value
Impact Acctg

TVIA ... more
.
CONTEXT
BACKGROUND / ISSUES / CONSTRAINTS / POSSIBILITIES
GO TOP
CONTEXT
THE PRESENT STATE OF THE WORLD
SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION
GOOD PEOPLE / AMAZING TECHNOLOGY / HUGE POSSIBILITIES
Open L07-CONTEXT
OVERVIEW
THE ARC OF HISTORY
Open L07-HISTORY
TRENDS
PROGRESS AND PERFORMANCE
Open L07-TRENDS
ISSUES
THOUSANDS OF ISSUES THAT CONSTRAIN SUCCESS
Open L07-ISSUES
IDEAS
THINKERS / POSSIBILITIES / ANALYTICAL FRAMING
Open L07-IDEAS
EVENTS
TIPPING POINTS / CHANGES IN DIRECTION
Open L07-EVENTS
.
SOCIO-ENVIRO-ECONOMIC SYSTEM
EVERYBODY / EVERYTHING / EVERYWHERE
GO TOP
OVERVIEW
STATE ... FLOW ... CHANGE IN STATE
Open L07-SEES
.
STATE / ALL THE CAPITALS
NOT JUST THE FINANCIAL CAPITAL
Open L07-CAPITALS-STATE
SOCIAL CAPITAL Open L070-CS-SC-SOCIAL-CAPITAL
NATURAL CAPITAL Open L070-CS-NC-NATURAL-CAPITAL
ECONOMIC CAPITAL Open L070-CS-EC-ECONOMIC-CAPITAL
.
ACTORS
MAKE DECISIONS ... HAVE RESPONSIBILITY ... NEED ACCOUNTABILITY
Open L07-ACTORS
INDIVIDUALS Open L070-PE-AC-PEOPLE-ACTORS
ORGANIZATIONS Open L070-ORGANIZATION-S
GROUPS
PLACE Open L07-PLACE
.
ACTIVITIES
FLOWS THAT IMPACT STATE (ALL THE CAPTALS)
Open L07-ACTIVITIES
STREAMS / STRANDS / STRINGS
IMPACTS ALL THE WAY THROUGH THE LIFE CYCLE
Open L070-SS-STREAMS-STRANDS-STRINGS
PRODUCTS
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
Open L070-PD-PRODUCTS
PROCESSES
THE EFFICIENCY OF PROCESSES IS IMPORTANT
Open L070-PC-PROCESSES
SECTORS / INDUSTRIES
A LOT OF SPECIALIZATION AT THE SECTOR / INDUSTRY LEVEL
Open L070-SI-SECTORS-INDUSTRIES
FINANCE
A MAJOR CONSTRAINT ON OPTIMUM PERFORMANCE
Open L070-ML-MONEY-LIQUIDITY
.
METRICS
TRUE VALUE IMPACT ACCOUNTING

ACCOUNTING AND ACCOUNTABILITY FOR EVERYTHING ... EVERY DIMENSION / EVERY ENTITY OF THE ECONOMY
GO TOP
WHY METRICS ARE IMPORTANT
YOU ONLY MANAGE WHAT YOU MEASURE
Open L070-MT-METRICS
CORE CONCEPTS
FROM ACCOUNTANCY, ENGINEERING THERMODYNAMICS AND SCIENCE
Open L07O-CC-CORE-CONCEPTS
FINANCIAL ACCOUNTANCY
VERY POWERFUL BUT ONLY ABOUT PROFITS AND FINANCIAL CAPITAL
Open L070-FA-FINANCIAL-ACCOUNTANCY
TRUE VALUE IMPACT ACCOUNTING
ACCOUNTABILITY FOR EVERYTHING USING DOUBLE ENTRY ACCOUNTING
Open L070-TVIA
IMPLEMENTING ENTITIES
ORGANIZATIONS, PEOPLE, PLACES, PROCESSES, PRODUCTS, STREAMS
Open L070-IE-IMPLEMENTING-ENTITIES
REPORTING ENTITIES
ORGANIZATIONS, PEOPLE, PLACES, PROCESSES, PRODUCTS, STREAMS
Open L070-RE-REPORTING-ENTITIES
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
.
TEAM GO TOP
TEAM / TEAMWORK Open L07-TEAM
PETER BURGESS BACKGROUND
EDUCATION, EXPERIENCE, ACCOMPLISHMENTS, CONNECTIONS, ACTIVITIES
GO TOP
MOST EVERYTHING ABOUT PETER BURGESS (TPB)
A lifetime of experiential learning
Open n1-Peter-Burgess
BURGESS BIO
CV as of November 2016
Open Burgess Bio PDF
TPB MANUSCRIPTS
Book length, blogs and briefs
Open n1-Burgess-Manuscripts
EVENTS GO TOP
EVENTS - Prior year 2017
This also gives navigation to EVENTS for other years
Open L0200-EVENTS-2017
EVENTS - Current year 2018
This also gives navigation to EVENTS for other years
Open L0200-EVENTS-2018
CONNECTIONS / NETWORKS GO TOP
About Burgess / Linkedin Connections
Navigation to more than 6,000 Burgess Linkedin connections
Open n1-Burgess-Linkedin-Connections

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