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Meaningful Metrics for a Smart Society
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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
TRUE VALUE
DATA at
the CENTER
ABOUT
VISION
STRATEGY
Date: 2018-11-20 Page is: DBtxt001.php L07-HOW-SEES-WORKS


HOW THE WORLD WORKS
SOCIO-ENVIRO-ECONOMIC SYSTEM
ALL THE CAPITALS / ALL THE PROCESSES

NOT JUST THE FINANCIAL DIMENSION ... BUT ALSO PEOPLE, SOCIETY AND THE ENVIRONMENT
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
(I) SOCIAL CAPITAL

SOCIO
(II) NATURAL CAPITAL

ENVIRO
(III) ECONOMIC CAPITAL

ECONOMIC
.
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.
.
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.
.
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.
.
MANY PERSPECTIVES
INDUSTRIES

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.
.
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.
Site Navigation
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
.
PEOPLE / SOCIAL CAPITAL
Determined in part by the INDIVIDUAL and FAMILY and FRIENDS
Determined in part by PLACE: Access to goods and services ... and community
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
ENVIRONMENT / NATURAL CAPITAL ... 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
PROFITS / WEALTH / ECONOMIC CAPITAL ... 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



The text being discussed is available at


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.
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