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Meaningful Metrics for a Smart Society
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Date: 2017-07-27 Page is: DBtxt001.php L07-METRICS

METRICS
WITHOUT MEASURES, THERE IS NO MANAGEMENT / MEASURES FOR EVERYTHING ... NOT MERELY MONEY

How we talk about progress and performance ... or not? When numbers about state, progress and performance are missing, then there is no conversation that is grounded in reality and it becomes easy to promulgate 'fake news' and the appearance of good performance without much reality.

MEASURE WHAT MATTERS
Financial metrics are powerful ... but on their own, they are insufficient and produce the wrong results
GO TOP
Peter Drucker famously said 'You cannot manage what you don't measure'
This is undounbtedly true ... in the corporate world, the components that go into making profit are measured intensely in order to improve profit performance ... and it works!
Unfortunately, we don't do anything like the same amount of measuring in order to improve society and avoid degrading the environment ... and we don't have any easy way of talking about social performance and environmental performance in the same way that we are able to talk about corporate performance and investment portfolio performance.
This has to change ... this is what True Value Impact Accounting (TVIA) is all about

When numbers about progress and performance are missing, then there is no conversation that is grounded in reality and it becomes easy to promulgate 'fake news' and the appearance of good performance without much reality.

BETTER METRICS - TVIA
ABOUT TRUE VALUE IMPACT ACCOUNTING ... STATE, PROGRESS AND PERFORMANCE FOR EVERYTHING
GO TOP
TRUE VALUE IMPACT ACCOUNTING (TVIA)
A COMPREHENSIVE COHERENT ARCHITECTURE FOR THE METRICS WE NEED FOR THE 21ST CENTURY
Open L07-TVIA

INITIATIVES DEVELOPING METRICS
SEVERAL HUNDRED ORGANIZATIONS INVOLDED IN DEVELOPING / APPLYING METRICS
GO TOP
METRICS ... A COLLECTION OF INITIATIVES RELATED TO METRICS
SEVERAL HUNDRED ORGANIZATIONS INVOLDED IN DEVELOPING / APPLYING METRICS
Open L0200-METRICS
n8-METRICS-ByOrganization
n8-METRICS-ByOrganization
Open n8-METRICS-ByOrganization
n8-METRICS-ByPeople
n8-METRICS-ByPeople
Open n8-METRICS-ByPeople
n8-METRICS-ByTheme
n8-METRICS-ByTheme
Open n8-METRICS-ByTheme

THE MONEY METRIC
How we talk about progress and performance ... or not. When numbers about progress and performance are missing, then there is no conversation that is grounded in reality and it becomes easy to promulgate 'fake news' and the appearance of good performance without much reality.
GO TOP

What is money?
When money serves as both a medium of exchange and a store of value it cannot also serve as a measure of the value and have much measurement meaning.
Money is efficient as a medium of exchange.
Money also works as a store of value as long as the idea of money is trusted to have value. The importance of this trust cannot be overstated.
In order to measure the value of intangibles of all sorts, the solution is to use UNIT OF ACCOUNT specific to the characteristic of the intangible element and what it does.

MONEY-CURRENCY
L0M00-MONEY-CURRENCY
Open L0M00-MONEY-CURRENCY

SPECIALIZED SYSTEMS FOR ACCOUNTING AND REPORTING
Examples of many different types of accounting and reporting
GO TOP
CARBON-ACCOUNTING
L0M00-CARBON-ACCOUNTING
Open L0M00-CARBON-ACCOUNTING
ENVIRONMENTAL-ACCOUNTING
L0M00-ENVIRONMENTAL-ACCOUNTING
Open L0M00-ENVIRONMENTAL-ACCOUNTING
SUSTAINABILITY-ACCOUNTING
L0M00-SUSTAINABILITY-ACCOUNTING
Open L0M00-SUSTAINABILITY-ACCOUNTING
ECONOMIC-PERFORMANCE
L0M00-ECONOMIC-PERFORMANCE
... GDP
... GPI
Open L0M00-ECONOMIC-PERFORMANCE
FINANCIAL PERFORMANCE of the ORGANIZATION
L0M00-FINANCIAL
Open L0M00-FINANCIAL
MANAGEMENT METRICS
L0M00-MANAGEMENT
Open L0M00-MANAGEMENT
NATIONAL LEVEL PERFORMANCE
L0M00-NATIONAL
Open L0M00-NATIONAL
ECONOMIC-PERFORMANCE / GDP (GROSS DOMESTIC PRODUCT)
L0M00-GDP
Open L0M00-ECONOMIC-PERFORMANCE
ECONOMIC-PERFORMANCE / GPI (GENUINE PROGRESS INDICATOR)
L0M00-GPI
Open L0M00-ECONOMIC-PERFORMANCE
WORLD BANK / UNITED NATIONS / OECD METRICS
A huge amount of data at the country level ... rather little below this level
GO TOP
UNITED-NATIONS
L0M00-UNITED-NATIONS
Open L0M00-UNITED-NATIONS
UNITED NATIONS - MDGs
L0M00-MDGs
Open L0M00-MDGs
IMITED NATIONS - SDGs
L0M00-SDGs
Open L0M00-SDGs

OVERVIEW
EARLY HISTORY OF THINKING ABOUT BETTER METRICS

A recognition that conventoinal money based financial accounting could not do accountability for a complex system
OVERVIEW / HISTORY
OVERVIEW HISTORY
OVERVIEW-HISTORY-0
Open L070-OVERVIEW-HISTORY-0

STOCK MARKET METRICS
The business media reports on movements in stock markets every 15 minutes ... there is nothing remotely like it for the performance of people, society or the environment
GO TOP

New York Stock Exchange (NYSE)
Dow from 1998 to 2016
An impressive increase in the index ... but what does it really mean?
In large part the profits of business increased while the wealth of society as a whole was diminishing.
This is the behavior that one must expect when the only management measure that is used everywhere is money profit performance for organizations, and money income and financial wealth for individuals.
Open exernal link
Dow from 1927 to 2017 adjusted for consumer prices (CPI)
The Dow index has increased by an impressive amount over the long term ... but it hardly represents any significant reality. There are only a very few large cap stocks and these are changed from time to time in a way that eliminates the failing companies. The S&P 500 is a singificantly more represeantative index.
The Dow ... We’re Already at Dow 30000, You Just Don’t Know It
The blue-chip index is a poor measure of what investors are doing
By JAMES MACKINTOSH Updated Jan. 25, 2017 2:06 p.m. ET
It’s time to ditch the Dow. After 120 years, the venerable Dow Jones Industrial Average is an embarrassing anachronism, abandoned by professionals and beloved only by a media ...
'https://www.wsj.com/articles/were-already-at-dow-30000-you-just-dont-know-it-1485362316'
Open exernal link
The S&P Index from 1956 to 2017

THE FINANCING OF THE BANKING SECTOR
The financing of the banking sector is underwritten by the unusual arrangements that are Central Banks
GO TOP

Central Bank asset growth from 2006 to 2016

'http://inflation.us/central-bank-balance-sheet-assets-hit-record-high/'
Open exernal link

THE FINANCING OF INTERNATIONAL DEVELOPMENT ASSISTANCE
The financing of international development assistance has been both rather modest and also quite ineffective. More and better are both needed.
GO TOP

Segmentation of FDI fund flows
The financing of international development assistance has been both rather modest and also quite ineffective. More and better are both needed.
Remittances are one of the most important area of growth and likely one of the most efficient in terms of delivering poverty reduction at a low cost. It can also be noted that the banking sector and financial services industry charges very high prices for a service that is vital but low cost for the banks!

BANK LENDING BY SECTOR
Bank lending by sector is more about credit worthyness than impactfulness
GO TOP

UK Bank Lending by Sector

UNITED NATIONS and MANAGEMENT METRICS
The United Nations does a lot of 'big picture' metrics ... but much less about management metrics suited to making better decisions
GO TOP

SDGs - SUSTAINABLE DEVELOPMENT GOALS
SDGs - SUSTAINABLE DEVELOPMENT GOALS
The 17 Sustainable Development Goals were launched by the United Nations in 2015 together with more than 120 indicators of progress as a replacement fore the NDGs. An important criticism of the SDGs is that they represent discontinuity from the MDGS to the SDGs and too much of an opportunity to lose much of the momentum that was in place for the MDGs. For more on this, see the link ...
Open L0M00-SDGs

MDGs - MILLENNIUM DEVELOPMENT GOALS

1013 507
Open L0M00-MDGs




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