TRUE VALUE METRICS
FACING UP TO CHRONIC UNSUSTAINABILITY
Double Entry AccountabilityTM
for PEOPLE, PLANET and PROFIT
image missing Numbering the Triple Bottom Line

Accounting for ALL the Capitals
image missing
TRANSPARENCY and ACCOUNTABILITY
MANAGEMENT THAT MAKES THE WORLD A BETTER PLACE
(0)
HOME
CONTEXT
ISSUES
POSSIBILITIES
HOW THE
WORLD
WORKS
ACTIVITIES
SECTORS
STREAMS
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ORGANIZATIONS
PRODUCTS
STUFF
CONSUMPTION
PLACE
COMMUNITIES
COUNTRIES
FINANCE
MONEY
LIQUIDITY
PEOPLE
QUALITY
OF LIFE
ENVIRONMENT
PLANET
SUSTAINABILITY
MANAGEMENT
DATA at
the CENTER
The TVM
METRICS
ABOUT
INPAGE (1) (2) (3) (4) (5) (6) (7) (8) (9) (10) (11) (12)
MoreNav (001) (002) (003) (004) (005) (006) (007) MoreNav

WE WANT TO MAINTAIN AN OPEN KNOWLEDGE MODEL
A MODEST DONATION WOULD BE OF HUGE VALUE!

PEOPLE FIRST and a SUSTAINABLE WORLD
IT'S A COMPLEX WORLD!
PROFIT a BAD PROXY for PROGRESS
CONTEXT / THOUSANDS OF ISSUES / POSSIBILITIES
Navigation to a lot more about CONTEXT, ISSUES, POSSIBILITIES Open L07-CONTEXT-ISSUES-POSSIBILITIES
.
TRIPLE BOTTOM LINE
MANAGE
FOR ALL THE CAPITALS
(I) SOCIAL CAPITAL

SOCIO
Open L070-CS-SC-SOCIAL-CAPITAL
(II) NATURAL CAPITAL

ENVIRO
Open L070-CS-NC-NATURAL-CAPITAL
(III) ECONOMIC CAPITAL

ECONOMIC
Open L070-CS-EC-ECONOMIC-CAPITAL
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!
SOCIAL CAPITAL / QUALITY OF LIFE
Determined in part by the INDIVIDUAL and FAMILY and FRIENDS
Determined in part by PLACE: Access to goods and services ... and community
MORE
An Individual

A better quality of life for everyone
The Family

The family an important part of the social structure
The Community
Good friends and community positive for quality of life
The Place
Everything comes together in a place ... or doesn't
Nature

The environment really matters ... for health and sustainability
The Economy

The dignity of work, and source of everything to enable the good life
PAST Genetics Parenting Nutrition Education Health Character Culture
PRESENT 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 Good Food ... more Energy ... more Health service ... m Education ... more
Transport ... more Safety ... more Religion ... more Recreation ... more Culture ... more Community ... more
FUTURE PREPARATION OPPORTUNITY
NATURAL CAPITAL / ENVIRONMENT ... m
Social and Economic Progress has been achieved by the depletion and degradation of Natural Capital
LAND
Natural

Essential habitat for all sorts of living organizms ... more
LAND
Agricultural

Huge land areas now used for agriculture
LAND
Built up

Much land now built over with various types of economic development
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
MINERAL RESOURCES

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
ECONOMIC CAPITAL / FINANCIAL WEALTH ... m
Social and Economic Progress has been achieved by the depletion and degradation of Natural Capital
PHYSICAL CAPITAL
All of the people built systems and structures that make the modern economy function. ... 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
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, receivables and financial liquidity are essential to a viable society and economy ... m
OTHER ECONOMIC CAPITALS
More people built systems and structures that make the modern economy function.
FINANCIAL

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

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

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

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

Place is where everything comes together and makes a difference ... m
.
MEASUREMENT MATTERS
Measure Change in State and you Measure Progress
MEASURE PROGRESS FOR ALL THE CAPITALS
Economic Capital UP but Natural Capital DOWN
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 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
More and more DEPLETION and DEGRADATION of NATURAL CAPITAL is UNSUSTAINABLE
.
MEASURE UNSUSTAINABILITY
ACCOUNTABILITY for EVERYTHING
for PEOPLE, ORGANIZATIONS, PRODUCTS, and PLACES
Open L070-TVM
STATUS QUO is an EXISTENTIAL RISK
RICH PEOPLE and RICH COUNTRIES are unsustainable
They must take leadership for essential changes that are needed
Open L070-XR-EXISTENTIAL-RISKS
.
ACCOUNTABILITY for ALL the ACTORS
More about ALL the ACTORS
PEOPLE in all their roles / All types of ORGANIZATIONS
Open L07-ACTORS-PEOPLE-ORGANIZATIONS
ACCOUNTABILITY for ALL the ACTIVITIES
More about ALL the ACTIVITIES
SECTORS / INDUSTRIES / STREAMS / FLOWS / PRODUCTS / PLACES
Open L07-ACTIVITIES-SECTORS-STREAMS
ACCOUNTABILITY using TrueValueMetrics (TVM)
About TVM
Accounting / Accountability for everything
Open L070-TVM
Better Metrics
Management / Data at the Center
Open L07-MANAGEMENT-DATA-at-the-CENTER
.
ADDRESS ALL THE ISSUES
SOCIAL ISSUES ... more ENVIRONMENTAL ISSUES ... more ECONOMIC ISSUES ... more
The modern world is unsustainable.
Massive change is essential.
Thoughtless GDP growth makes things worse.
More and more PROFIT should not be the main thing.
Better metrics is a start.
.
Embrace the GOOD ... Fix the 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
AMAZING ENGINEERING AND TECHNOLOGY
Technological progress has been very rapid and getting faster and faster all the time ... more
MEDICAL SCIENCE MATERIALS

Genetic code / DNA

Antibiotics

3D Printing

Composite materials

Plastics

High strength steels
ELECTRONICS COMMUNICATIONS

IBM

Microsoft

Oracle
Apple
Print Media

Digital Media
SOCIAL MEDIA PASSENGER TRANSPORT

Google

Facebook

Twitter
Passenger Rail Passenger Car
Passenger Bus
FREIGHT / LOGISTICS AEROSPACE

Shanghai new port

Container Ships

Freight rail

Jet engines

Passenger Aircraft

Satellites
.
AND SOME TERRIBLE OUTCOMES
INEQUALITY STARVATION / MALNUTRITION

Obscene Wealth

Terrible Poverty

Juxtaposed

Africa

North Korea

Somalia
WAR / DESTRUCTION ... and DEATH ... wanton killing

Aleppo, Syria

Sanaa, Yemen

Mosul, Iraq

Monrovia, Liberia

Darfur, Sudan

Rwanda
Urban degradation Pollution

Detroit, USA

Modern slums

More slums

Air pollution

Land fill

Plastic
Land Degradation Extreme Weather Events

Mining

Deforestation

Desertification

Hurricanes

Rain / 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 Slavery / Trafficking
Energy Industry ... Big profits and big pollution

Oil spills / Nigeria

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

Peter Thiel
PayPal etc

Mark Zuckerberg Facebook
Jeff Bezos
Amazon
Too much militarism Too little development cooperation

Atomic Bombs

Powerful Navy

Air Power

UN headquarters

US State Dept

UNHCR
.
GOALS ARE WRONG
PROFIT GROWTH is GOOD for owners of financial wealth,
BAD for everyone else and BAD for the environment

PEOPLE SHOULD COME FIRST
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!
Natural Capital degradation tracks 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.
Most modern wealth has its origins in financial engineering
There has been real balance sheet growth (grey) over the past 50 years
But bigger growth as come from the intantgible elements of the balance sheet (mustard) enabled by sophisticated financial engineering
And biggest area if growth has been the change in stock market valuation relative to balance sheet.
This expains more than anythng else why those who particpate in the financial economy and ownership have done so much better than those whose income has come from being paid to work.
.
CONTEXT / ISSUES / POSSIBILITIES
BACKGROUND / ISSUES / CONSTRAINTS / POSSIBILITIES
GO TOP
CONTEXT / ISSUES /POSSIBILITIES
SYSTEMIC FAILURES / HUNGER / POVERTY / HOPELESSNESS / DESTRUCTION
GOOD PEOPLE / AMAZING TECHNOLOGY / HUGE POSSIBILITIES
Open L07-CONTEXT-ISSUES-POSSIBILITIES
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
EXISTENTIAL RISKS Open L070-XR-EXISTENTIAL-RISKS
IDEAS
TIPPING POINTS / CHANGES IN DIRECTION
....... INTERESTING IDEAS Open L070-II-INTERESTING-IDEAS
....... MORE IDEAS Open L0200-IDEAS
.
HOW THE WORLD WORKS
SOCIO-ENVIRO-ECONOMIC SYSTEM
EVERYBODY / EVERYTHING / EVERYWHERE
GO TOP
OVERVIEW / THE WHOLE SYSTEM
STATE ... FLOW ... CHANGE IN STATE
Open L07-SEES
.
ACTIVITIES / SECTORS / STREAMS
FLOWS THAT IMPACT STATE (ALL THE CAPTALS)
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
PRODUCTS
PRODUCTS FLOW THROUGH THE SYSTEM END TO END
Open L070-PD-PRODUCTS
PROCESSES
THE EFFICIENCY OF PROCESSES IS IMPORTANT
Open L070-PC-PROCESSES
.
STATE / ALL THE CAPITALS
NOT JUST THE FINANCIAL CAPITAL
Open L07-STATE-ALL-THE-CAPITALS
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 / PEOPLE / ORGANIZATIONS
FOR DECISIONS ... RESPONSIBILITY ... ACCOUNTABILITY
Open L07-ACTORS-PEOPLE-ORGANIZATIONS
INDIVIDUALS Open L070-PE-AC-PEOPLE-ACTORS
ORGANIZATIONS ... many types of organization Open L020-OG-ORGANIZATIONS
ORGANIZATIONS ... the values of an organization 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
.
PRODUCTS / STUFF / CONSUMPTION
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
Open L07-PRODUCTS-STUFF-CONSUMPTION
PRODUCTS
SOME PRODUCTS ARE ESSENTIAL ... MANY ARE JUST INDULGENCES
Open L070-PD-PRODUCTS
.
PLACE / COMMUNITIES / COUNTRIES
WHERE LIFE IS LIVED ... WHERE EVERYTHING NEEDS TO COME TOGETHER
Open L07-PLACE-COMMUNITIES-COUNTRIES
.
FINANCE / MONEY / LIQUIDITY
A VITAL LUBRICANT .. BUT NOT THE ENGINE
Open L07-FINANCE-MONEY-LIQUIDITY
.
PEOPLE / QUALITY OF LIFE
THE ESSENTIAL PURPOSE OF ALL ACTIVITY
Open L07-PEOPLE-QUALITY-OF-LIFE
.
ENVIRONMENT / PLANET / SUSTAINABILITY
THE ORIGIN OF ALL VALUE
Open L07-ENVIRONMENT-PLANET-SUSTAINABILITY
.
MANAGEMENT / DATA at the CENTER
YOU CAN'T MANAGE WHAT YOU DON'T MEASURE
Open L07-MANAGEMENT-DATA-at-the-CENTER
.
TRUE VALUE METRICS
ACCOUNTING AND ACCOUNTABILITY FOR EVERYTHING
EVERY DIMENSION / EVERY ENTITY OF THE ECONOMY
GO TOP
THE TVM INITIATIVE
Better metrics for ALL the ACTIVITIES, CAPITALS and ACTORS
Open L07-TVM-INITIATIVE-TEAM
TRUE VALUE IMPACT ACCOUNTING
ACCOUNTABILITY FOR EVERYTHING EVERYWHERE
Open L070-TVM
WHY METRICS ARE IMPORTANT
YOU ONLY MANAGE WHAT YOU MEASURE
Open L070-MN-METRICS-NUMBERING
MANAGEMENT CONCEPTS / MANAGEMENT ACCOUNTING
FROM ACCOUNTANCY, BUSINESS AND SCIENCE
Open L0700-TVM-MNGT-ACCOUNTING
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 L0700-TVM-SV-STANDARD-VALUE-PROFILES
.
TEAM / TEAMWORK GO TOP
TVM / METRICS / ABOUT
Open L07-TVM-METRICS-ABOUT
MOST EVERYTHING ABOUT PETER BURGESS (TPB)
A lifetime of experiential learning
Open L0700-TT-TPBURGESS
TPB BIO
CV as of November 2016 (PDF)
Open Burgess Bio PDF
TPB MANUSCRIPTS
Book length, blogs and briefs
Open L0700-TT-TPBurgess-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 7,000 Burgess Linkedin connections
Open L0700-TT-TPBurgess-Linkedin-Connections
L07-DIAGRAMS-TEMP
Graphics collection / unsorted
Open L07-DIAGRAMS-TEMP

TrueValueMetrics (TVM) is an Open Source / Open Knowledge initiative.
It has been funded by family and friends plus donations from well wishers who understand the importance of accountability and getting the management metrics right.
SITE COUNT
Amazing and shiny stats
Blog Counters Reset to zero January 20, 2015

CAVEAT. The information on this website may only be used for socio-enviro-economic performance analysis, personal information, education and limited low profit purposes
Copyright © 2005-2018 Peter Burgess. All rights reserved.