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Meaningful Metrics for a Smart Society
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CONTEXT
ISSUES
RISKS
IDEAS
POSSIBILITIES
INITIATIVES
HOW THE
SYSTEM
WORKS
STATE
ALL THE
CAPITALS
ACTORS
PEOPLE
ENTITIES
ACTIVITIES
PROCESSES
SECTORS
PLACE
COMMUNITIES
COUNTRIES
PRODUCTS
STUFF
CONSUMPTION
MONEY
LIQUIDITY
FINANCE
METRICS
NUMBERING
MANAGING
TRANSPARENCY
ACCOUNTABILITY
RESPONSIBILITY
THE TVM
INITIATIVE
TEAM
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Date: 2018-06-21 Page is: DBtxt001.php L07-ndx002


COMPLEX WORLD
HOW TO MAKE IT WORK
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TO DO: Update the images better to reflect the content of the page
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REALITY ... A COMPLEX WORLD!
PEOPLE FIRST and a SUSTAINABLE WORLD
CONTEXT
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
BUT ...
MANY 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
Oil Industry ... Big profits and big pollution

Crude oil in Niger Delta

Flaring gas in USA

Refinery air quality
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
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ECONOMIC GOALS ARE WRONG
GOOD for owners of financial wealth ... BAD for everyone else
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.
SOLUTION: Accountancy MUST take into account external Social and
Environmental Impacts as well as the money profit Economic Impact
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A HUGE COMPLEX SOCIO-ENVIRO-ECONOMIC SYSTEM
BUT IT CAN BE MANAGED ... more
Single issue solutions will never work ...
The problem is SYSTEMIC
Success is not a simple process
Everything is VERY compicated
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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 Fast specific feedback
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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
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
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ACCOUNTABILITY FOR ALL THE ACTORS
INDIVIDUALS, COMMUNITIES and ORGANIZATIONS
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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!
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Understanding how MONEY works
Understanding money and liquidity is very important ... more
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.
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!
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HOW DOUBLE ENTRY ACCOUNTING WORKS

CONVENTIONAL FINANCIAL ACCOUNTING
ACCOUNTS FOR THE PAST, THE PRESENT AND THE FUTURE
Very powerful ... Used in every business
... more
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 THE PAST, THE PRESENT AND THE 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!
.
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

TEAM / ABOUT TPB GO TOP
TEAM / TEAMWORK Open L07-TEAM
PETER BURGESS (TPB)
TPB BACKGROUND Open n1-Peter-Burgess
TPB MANUSCRIPTS Open n1-Burgess-Manuscripts
TPB NETWORK ... Linkedin Connections Open n1-Burgess-Linkedin-Connections
EVENTS
EVENTS ... Last year 2017 Open L0200-EVENTS-2017
EVENTS ... Current year 2018 Open L0200-EVENTS-2018

ACTIVITY 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
.
MANAGING FOR BETTER SOCIO-ENVIRO-ECONOMIC PROGRESS
MANAGING PARADIGM SHIFT IN ECONOMIC PERFORMANCE
DATA / DECISIONS / FEEDBACK / ACCOUNTABILITY
DATA FOR REPORTING These data should be capable of being easily aggregated and be widely respected and accessible without significant delay. Stock price information is rapidly and easily accessible, and so also should be social and environmental progress indicators. More on DATA-FOR-REPORTING
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 More on UNITS-OF-ACCOUNT
STANDARD VALUE PROFILES Similar to Standard Costs, but more complete incorporating cumulative history as well as future impacts for every product More on 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
.
.
ALL OF THE SYSTEM ... more
SOCIETY AND ENVIRONMENT should have priority over FINANCIAL/ECONOMY
PEOPLE / SOCIETY ... more ENVIRONMENT ... more ECONOMY ... more
FINANCIAL/ECONOMY has been the driver, with SOCIETY and ENVIRONMENT marginalized

ALL OF THE CAPITALS ... more
SOCIAL CAPITAL (SC) ... more NATURAL CAPITAL (NC) ... more ECONOMIC CAPITAL (EC) ... more
SOCI0 ... m Human ... m Relationship . m
ENVIRO ... m Land ... more
Resources ... m
Air ... more
FreshWater ... m
OceanWater ... m
BioDiversity ... m
Ecosystem ... m
ECONOMIC . m Physical ... m FINANCIAL ... m Knowledge ... m Institutional ... m Cultural ... m Locational ... m

ALL OF THE ACTORS / ACTIVITIES ... more
... more ... more ... more
.
BETTER METRICS / NEW METHODS
BALANCE SHEET Accounting for ALL the CAPITALS ... CHANGE in the BALANCE SHEET is a measure of PROGRESS More on CHANGEinSTATE

SOCI0 ... m ENVIRO ... m ECONOMIC . m
Human ... m
Relationship . m
Air ... more
Biodiversity ... m
Climate ... m
Ecosystem ... m
Energy ... more
Forest ... more
GHGs ... more
Governance . m
Land ... more
Minerals ... m
Waste ... more
Water ... more
Physical ... m
Institutional ... m
Financial ... m
Cultural ... m
Knowledge ... m
Locational ... m

ENVIRO ... m
STATE ... m Land ... more
Resources ... m
Air ... more
FreshWater ... more
OceanWater ... more
BioDiversity ... m
Ecosystem ... m
DEPLETION . m
DEGRADATION . m
Land use
Pollution ... m
Extraction ... m
Pollution ... m
Climate ... m Consumption ... m -->
Pollution ... more
Climate ... m
Pollution ... more
Habitat
Pollution ... more
STREAMS ... more / Governance ... m / Forest ... more / Waste ... more / Climate ... m / Energy ... more / Minerals ... m / GHGs ... more

ENVIRO ... m DEPLETION . m
DEGRADATION . m
Air ... more
Biodiversity ... m
Climate ... m
Ecosystem ... m
Energy ... more
Forest ... more
GHGs ... more
Governance ... m
Land ... more
Minerals ... m
Waste ... more
Water ... more

CONTEXT
BACKGROUND / ISSUES / CONSTRAINTS / POSSIBILITIES

SYSTEMIC FAILURES / DYSFUNCTION / HUNGER / HOMELESSNESS / DESTRUCTION / POVERTY / MORALITY / KNOWLEDGE

GOOD PEOPLE STRUGGLING / AMAZING TECHNOLOGY / AMAZING POSSIBILITIES / MISSED OPPORTUNITIES
GO TOP
CONTEXT
THE PRESENT STATE OF THE WORLD
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
ALL THE CAPITALS
ALL THE ACTORS, ACTIVITIES, PROCESSES
GO TOP
SOCIO-ENVIRO-ECONOMIC SYSTEM (SEES)
THE COMPLETE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-SEES
STATE / CAPITALS
ALL THE CAPITAL
Open L070-CS-CAPITALS-STATE
FLOW / STREAMS ... STRANDS / STRINGS / CHAINS
IMPACTS ALL THE WAY THROUGH THE LIFE CYCLE
Open L070-SS-STREAMS-STRANDS-STRINGS
FLOW / ACTORS
IMPLEMENTING ENTITIES / REPORTING ENTITIES / ORGANIZATIONS / PEOPLE /
Open L07-ACTORS
FLOW / PRODUCTS
SUPPORT QUALITY OF LIFE / EARN PROFITS / PROVIDE JOBS
Open L070-PD-PRODUCTS
FLOW / PROCESSES
THE EFFICIENCY OF PROCESSES IS IMPORTANT
Open L070-PC-PROCESSES
FLOW / SECTORS
A LOT OF SPECIALIZATION AT THE SECTOR / INDUSTRY LEVEL
Open L070-SI-SECTORS-INDUSTRIES

METRICS
BETTER METRICS ARE FUNDAMENTAL TO SUCCESS

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
CONVENTIONAL FINANCIAL ACCOUNTING
VERY POWERFUL BUT ONLY ABOUT PROFIT PERFORMANCE AND FINANCIAL CAPITAL
Open L0700-MA-CONVENTIONAL-FINANCIAL-ACCOUNTANCY
TRUE VALUE IMPACT ACCOUNTING
ACCOUNTABILITY FOR EVERYTHING USING DOUBLE ENTRY ACCOUNTING
Open L070-TVIA
CORE CONCEPTS
FROM ACCOUNTANCY, ENGINEERING THERMODYNAMICS AND SCIENCE
Open L07O-CC-CORE-CONCEPTS
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-PROFILES
TRENDS / PROGRESS AND PERFORMANCE
FOR ALL THE SOCIO-ENVIRO-ECONOMIC SYSTEM
Open L07-TRENDS



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